Reconciliation Analyst

2 weeks ago


Toronto, Canada Infotek Consulting Services Full time

*

Position Purpose:
Performs reconciliations of securities lending and trading activity. Reconciles daily balances in customer and firm accounts against the trading activity, ensuring trades and settlement of loan and collateral transactions are executed in a timely manner, while accurately monitoring collateral requirements on an intraday basis. Provides a high level of customer service by interacting with brokers concerning settlement of transactions.

Key Accountabilities:

- Serve as a liaison between the trader and clearing area, interacting with personnel from various institutions to correct trading activity related issues
- Coordinate the settlement of Canadian/North American or global securities lending and trading activity (security types include: bond, equity and money market)
- Review monthly statements for determining lending fees payable and receivable
- Balance money entries
- Develop and maintain supplier and customer relationships
- Devise trading, option and hedge strategies
- Identify opportunities and develop channels for purchase or sale of securities or commodities
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, and dynamics
- Process paperwork for special orders, including margin and option purchases

Knowledge and Experience:

- Bachelor’s degree in Accounting, Business or Finance
- Canadian Securities course
- 5-9 years of North American financial services experience
- Experience in financial services industry - would be an asset

Skills and Competencies:

- Advanced verbal and written communication skills
- Knowledge of specialty transaction guidelines and systems
- Knowledge of financial analysis

**Job Type**: Fixed term contract
Contract length: 6 months

**Salary**: $25.00-$35.00 per hour

Schedule:

- Day shift



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