Analyst, Payments Automation & Reconciliation

Role overview

This 12-month contract is with a major Canadian bank’s Payments Operations function, which is in the middle of a broad modernization initiative. The team is shifting reconciliation, exception handling, and settlement away from manual effort and toward automation, smarter workflows, and test automation across its payment platforms. The position supports a specific portfolio within a roughly 30-person operations group and sits at the point where payments expertise meets practical automation.

The ideal person understands how funds move through banking environments and can also build tools and processes that reduce manual operational work.

Key responsibilities

• Develop and refine automated workflows that support payment operations, reconciliation, exception handling, and operational controls.
• Create and sustain automated test scenarios and regression suites, including support for SIT, UAT, and reconciliation checks.
• Handle balancing and reconciliation across multiple payment rails such as EFT/ACH, wires, card transactions, real-time payments, ISO 20022 messaging, and settlement processes.
• Look into payment breaks and operational discrepancies, identify root causes, and set up monitoring that flags unusual activity earlier.
• Review operational and payments data to spot inefficiencies and automation opportunities, then build dashboards and reports that help guide decisions.
• Work with Operations, Technology, Product, Risk, Compliance, QA, and outside vendors to convert business needs into scalable solutions.

Required experience and capabilities

• 3 to 7 years of background in payments, banking operations, reconciliation, business analysis, QA/testing, or operational change/transformation.
• Practical understanding of payment lifecycles, including settlement and reconciliation across EFT/ACH, wires, card payments, real-time payments, and ISO 20022.
• Direct experience with process automation tools or scripting such as Python, SQL, Power Automate, Alteryx, UiPath, or similar platforms.
• Experience creating and executing test automation for SIT, UAT, and regression testing.
• Strong ability to analyze data and build reports and dashboards.
• Clear communication skills with the ability to explain technical and operational topics to both technical and non-technical stakeholders.

Nice-to-have background

• Experience working on large-scale transformation initiatives.
• Previous experience in a top-tier Canadian bank.

Work arrangement and contract details

This is a full-time contract role for 37.5 hours per week during standard business hours. The engagement is hybrid, with onsite work required two days each week—Mondays and Tuesdays—in downtown Toronto’s financial district. The expected start timing is the end of July, and there is strong potential for extension beyond the initial 12-month term.

Location and eligibility

The role is based in Toronto, Ontario, Canada. Candidates must be located in Toronto and legally permitted to work in Canada.

Compensation

The hourly pay range is CAD 35 to CAD 48, depending on experience.

Additional context

This opportunity is aimed at someone who has already automated reconciliation or operational work in a hands-on setting and wants to apply that experience in a high-impact banking modernization program.