Skills

Attention to detail

Job Specifications

Title: Senior Service Rep EFTR

Duration: 11+ Months

Location: Mississauga, ON L5N 0B4- Hybrid schedule; in office in Mississauga 1 day a week (subject to change)

Hours of Operation: 8:30 – 5:00

OT requirements: Yes, mainly on high volume days (around end and beginning of month and day before/after stat holidays) and periods of vacations and absences.

Pay Rate: $23.09 / Hourly

Job Description:

Client as a Financial Reporting Entity within Canada’s AML reporting regime must report incoming (where client in final receipt) and outgoing (where client initiates the wire) international electronic funds transfers (EFTs) of $10,000 (CAD$ equivalent) or more to FINTRAC no later than five business days after the day of the transmission of the instructions.
Failure to comply with FINTRAC EFTR requirements may have serious legal and reputational risks and expose client to fines and other penalties.
The client's EFTR Team facilitates the review of records prior to FINTRAC submission as well as correction, deletion, and resubmissions of EFTR rejects and warnings for the payments that fail FINTRAC validation rules.
Submissions to FINTRAC are sent hourly to FINTRAC.
Records are to be actioned within 48 hours of receipt in the EFTR GUI tool and submitted to FINTRAC within a total of 5 business days from the transaction date.
CCBO PO user is expected to use the EFTR (Electronic Fund Transfer Reporting) Reject Management Tool (RMT) to:
Monitor and edit records before submission to FINTRAC to manually enrich reportable records that upstream EFTR engine was not able to automatically locate the correct customer details/account from ECIF (pre-repair process), and
Monitor FINTRAC warnings and rejections and edit EFTRs for resubmission to FINTRAC.

Role Mandate/Responsibilities:

CCBO Payments Operations is the centralized wire hub for the Enterprise and serves as the first line of defense for wire payment processing of incoming and outgoing inter-bank, corporate and retail wire payments executed through the primary wire payment system (EWP).
In addition to critical operational considerations, namely timely and complete processing of wires, the Unit executes key compliance control processes for required wire data elements and sanctions screening pursuant to applicable sanctions laws and regulations as well as providing post-execution wire payment support.
This service is provided on behalf of other operating units as well as domestic branches within the client's group of companies for payments made to or received from correspondent banks worldwide.

Must have skills:

Financial Industry experience (2 years).
Quick and accurate typing skills.
Attention to detail.
Ability to work in a face paced environment.
Ability to perform repetitive tasks without losing focus.

Nice to have skills:

FINTRAC experience.
Wires experience.

About the Company

Welcome to SPECTRAFORCE, your gateway to NEWJOBPHORIA(tm)! Established in 2004, SPECTRAFORCE is now one of the largest and fastest growing U.S. staffing firms renowned for its exceptional client service, SPECTRAFORCE's innovative A.I.-powered talent acquisition platform and proven methodologies set us apart in the industry. We offer a comprehensive range of services including Contingent, Permanent, and Statement of Work (SOW) staffing solutions. Our expertise extends across multiple sectors such as Technology, Financial Se... Know more