At a Glance
- Tasks: Lead the implementation of cutting-edge banking technology solutions for corporate clients.
- Company: Join Tata Consultancy Services, a global leader in tech innovation and diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic work environment with a commitment to accessibility and inclusion.
- Why this job: Make an impact in the banking sector with advanced liquidity management systems.
- Qualifications: Experience in banking technology and strong problem-solving skills.
The predicted salary is between 100000 - 100000 $ per year.
Tata Consultancy Services (TCS) is an equal opportunity employer, and embraces diversity in race, nationality, ethnicity, gender, age, physical ability, neurodiversity, and sexual orientation, to create a workforce that reflects the societies we operate in. Our continued commitment to Culture and Diversity is reflected in our people stories across our workforce and implemented through equitable workplace policies and processes.
Role Description: In corporate and transaction banking, LMS (Liquidity Management System) and VAM (Virtual Account Management) are core technology platforms and product suites. They enable large corporate clients to consolidate physical bank accounts, manage complex cash positioning, and automate real-time payment reconciliation.
We are seeking an experienced LMS / VAM Specialist to drive the delivery, implementation, and optimization of our Liquidity Management Systems (LMS) and Virtual Account Management (VAM) corporate platforms. In this role, you will bridge the gap between corporate treasury client requirements and our underlying transaction banking core technology. You will build scalable, next-generation liquidity sweeping, pooling, and virtual sub-ledgering solutions.
Key Responsibilities
- Solution Design & Implementation: Lead the end-to-end deployment and configuration of VAM and LMS platforms for enterprise-level corporate clients.
- Cash & Liquidity Architecture: Design complex multi-entity, multi-currency, and cross-border sweeping, physical cash concentration, and notional pooling structures.
- Virtual Account Structure Setup: Help clients replace hundreds of physical demand deposit accounts (DDAs) with automated, hierarchical virtual sub-ledgers tied to a single master physical account.
- Reconciliation Automation: Configure virtual accounts to support automatic remitter identification, Payments on Behalf Of (POBO), and Collections on Behalf Of (COBO) to streamline client accounts receivable (AR) and accounts payable (AP).
- System Integration: Oversee system integrations via open APIs and SWIFT messaging (e.g., ISO 20022 formats like CAMT.053, MT940).
Salary Range - CA$ 90,000 - CA$ 100,000 Per annum.
TCS does not use artificial intelligence tools for candidate screening or evaluation. This post is for a current vacancy. The hiring process includes an initial screening, followed by a technical evaluation and managerial discussion.
Tata Consultancy Services Canada Inc. is committed to meeting the accessibility needs of all individuals in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code (OHRC). Should you require accommodation during the recruitment and selection process, please inform Human Resources.
VAM And LMS BSA in Toronto employer: Tata Consultancy Services
Tata Consultancy Services (TCS) is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for a Senior Business Analyst to thrive. With a strong commitment to employee growth, TCS offers extensive training programs and opportunities to work on cutting-edge projects in the IT sector. Located in Canada, employees benefit from a diverse work environment and the chance to contribute to impactful banking solutions while enjoying a healthy work-life balance.
