Analyst, Mandatory Corporate Action

6 months ago


Toronto, Canada TMX Group Limited Full time

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

CDS is Canada’s national securities depository, clearing and settlement hub for domestic and cross-border depository-eligible securities. It supports Canada’s equity, fixed income and money markets and is accountable for the safe custody and movement of securities, the processing of post-trade transactions, and the collection and distribution of entitlements relating to securities deposited by participants.

The Information Unit - CDS is responsible for gathering, analyzing, and managing all entitlement and corporate action related information of eligible securities at CDS and reporting pertinent information to CDS participants/subscribers for financial evaluation and appropriate actions.

Reporting to the Manager CDS, you will be responsible for efficient and effective managing and reporting of entitlement and mandatory corporate action related information with a high commitment to maintaining an effective and cordial relationship with external and internal business contacts.

Key Accountabilities:
- Analyze all information pertaining to entitlement distributions and mandatory corporate action events for reporting pertinent information externally to CDS participants/subscribers and internally to various support departments.- Interact with Issuers/Legal Counsel, Transfer Agents/Paying Agents, and DTCC, as deemed necessary, to validate information details and clarify any legal/tax implications of all entitlement distributions and mandatory corporate action events.- Ensure timely and accurate information reporting and distribution processing of entitlement and mandatory corporate action events through various systems and websites.- Summarize and prepare Depository bulletins, where applicable, detailing all relevant information for dissemination to CDS subscribers within the established service level standard.- Research and respond to all related queries/requests in a tactful, courteous and professional manner within a reasonable time frame ensuring customer satisfaction and resolution.- Exercise good judgment to promptly resolve and/or escalate problems/discrepancies within established timelines and document clearly all occurrences and exceptions for future reference.- Review procedures, guidelines and internal controls and recommend changes where appropriate ensuring operational excellence, risk mitigation and customer consideration.- Perform additional tasks as assigned from time to time to maintain effective coordination and management of the unit.

Must haves:
- Post-secondary education in Commerce, Business Administration or Economics- Canadian Securities Course- 3 years relevant experience in the financial/securities industry specifically in the Entitlement and Corporate Action operation areas.- Thorough understanding of security entitlement/corporate action procedures and depository operations including securities issuance and cancellation as well as DTC interface.- Excellent analytical/accounting skills to accurately determine complex entitlement payments and finalize corporate actions processes.- Strong organizational skills, ability to plan and prioritize regular tasks and special projects through to completion meeting strict deadlines in a time sensitive environment.- Excellent written and verbal communication, ability to write clearly and concisely and effectively interacts with external agencies through maintaining cordial relationships.- Intermediate knowledge of EXCEL and other PC software systems (such as Word, Google G Suite, etc.)

Nice to haves:
- General understanding and knowledge of macro being an asset

In the market for

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, ou



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