Job description
TD Description
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J.
We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.
Department Overview
Access experience
Monarch experience
1-5 years of analytical experience
The Float Analyst II manages the development of float as a product by optimization of the check collection network for the Company's check processing sites and float pricing analysis for customer float profitability. This job monitors, measures and reports efficiency results of the existing check collection network in order to optimize the check collection network for all of the Company's check processing sites to include minimization of check clearing, transportation and float costs and the expeditious collection of checks. The Float Analyst II develops and implements new presentment relationships to increase availability and lower costs. The Float Analyst II implements changes in clearing agents and coordinates with other departments to ensure impacts are minimized. The Float Analyst II creates system specifications, code and test changes to the tables in the Float Pricing System that drive check collections and the assignment of float including the development of system specifications, coding and testing of sort pattern and float assignment changes moved into production. The Float Analyst II works with business lines and the Float Pricing System to create deposit fee schedules for making funds available to customers. The Float Analyst II establishes relationships with the Federal Reserve Bank, correspondent banks, same day settlement banks, and local clearing houses to facilitate check processing activities. The Float Analyst II ensures that own work, as well as work of any employees supervised, is in compliance with applicable laws, regulations and guidelines, as detailed in policies located on Company intranet; policies include but are not limited to Fair Lending, Know Your Customer, Bank Secrecy Act and other applicable anti-money-laundering policies.
Job Description
Monitors, measures and reports efficiency results of the existing check collection network in order to optimize the check collection network for all of the Company's check processing sites to including minimization of check clearing, transportation and float costs and the expeditious collection of checks
Develops and implements new presentment relationships to increase availability and lower costs. Implements changes in clearing agents and coordinates with other departments to ensure impacts are minimized
Creates system specifications, code and test changes to the tables in the Float Pricing System that drive check collections and the assignment of float including the development of system specifications, coding and testing of sort pattern and float assignment changes. Works with business lines and the Float Pricing System to create deposit fee schedules for making funds available to customers
Establishes relationships with the Federal Reserve Bank, correspondent banks, same day settlement banks, and local clearing houses to facilitate check processing activities. Stays abreast of laws enacted by the Federal Reserve to best serve the objectives of the Company, as well as maintains proficient working knowledge of applicable government regulations and bank policies
Develops and monitors reporting systems which measure availability of payment collections and cost associated with check presentment. Provides reporting to business lines for their use as well as their customers. Performs cost benefit analysis on the selection of check clearing alternatives
Works closely with a number of internal departments to resolve problems and initiate changes in the current check collection network; this may include but is not limited to Item Processing, Return Items, Adjustments, Account Reconcilement, Treasury and Wire Transfer
Partners with General Services to determine transportation and presentment cost tradeoffs to keep net costs as low as possible
Provides leadership in the transitioning of organizations during merger and acquisition activities such as conversion of an acquired bank's check volumes and cost benefits offered by optimization of payment flows including cash
Develops and manages budget for the department and allocates funds within the budget. Monitors variance against budget ongoing and makes recommendations for improvement
Participates in civic activities to promote growth and development of the community and a positive image for the company
Assumes additional responsibilities as required
Job Requirements
5+ years of experience required, float product expertise preferred
Demonstrated knowledge of banking law and regulatory issues essential
Strong planning and project management skills
Demonstrated supervisory skills with the ability to influence without direct authority
Ability to balance competing priorities using sound business knowledge
Excellent verbal and written communication skills
Proven analytical skills and strong problem resolution skills
In-depth knowledge of system testing procedures and practices
Proven system requirement and specification scoping techniques
Strong PC skills including proficiency in database technology and reporting software
Ability to develop and maintain strong business relationships
Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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