Manager Settlements Control

2 weeks ago


Toronto, Canada Tata Consultancy Services Full time

**About TCS**

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 and is reflected in our people stories across our workforce implemented through equitable workplace policies and processes.

**Skills and Responsibilities**:

- Corp Actions/Possession and Control experience.
- Systems knowledge should include, but not mandatory, Broadridge BPS (Stock Record, Margin, PCAN, REOR, Div Rewrite), Post edge, DTC.
- Skilled Microsoft Excel User
- Research and determine type of seg deficit and Assign Daily to teams responsible for the resolution of the deficit. Each team will update the system with the action used to correct the deficit.
- Evaluate and Assign Aged Seg Deficits to teams responsible for the deficit.
- Investigate each seg deficit, determine cause and update seg system.
- Research every actionable and non-actionable deficit to determine possible automated or processing solutions to eliminate occurrence/trending analysis.
- Monitor all Daily Seg deficit responses and confirm resolution steps have been processed and Seg deficits are resolved.
- Preventive Functions on S/D to determine if shorts have been covered/rehype needed. Work with M/O and desk to resolve which will prevent seg deficits. This would include reviewing the trades that are due to settle on the current day & monitoring the real time positions at the depots to determine what can be done to avoid a seg deficit the following day.
- Confirmation that our BPS seg position matches our depository seg position. Any out of balances will be advised to the settlement team and an adjustment will be required.
- MIS Reporting of Seg Deficits and Root Cause Analysis, which will be used to identify trends. The settlement control team will evaluate this information and identify opportunities to automate or change/enhance a process to avoid the creation of the trending deficits.

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 accommodations during the recruitment and selection process, please inform Human Resource.


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