Manager, Cash Management and Investment Control

2 weeks ago

Toronto, Canada Fidelity Investments Full time

Job Description

You will be working on a predefined hybrid schedule as part of Fidelity’s dynamic working arrangement.

Current work authorization for Canada is required for all openings.

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.

Manager CMIC (Cash Management and Investment Control)

Business Overview:
Cash Management and Investment Control (CMIC) is a team within the Client Services Division. The team is responsible for bank account reconciliation, internal money movement, tax remittance, and managing the net cash process for Fidelity fund money movement between Fidelity and the custodian. Outcomes are achieved through partnering with teams across Fidelity and 3rd party stakeholders.

How You’ll Make an Impact:
Position Overview

The Manager, Cash Management and Investment Control (CMIC) is responsible for day-to-day service delivery within the CMIC department. This includes: management and oversight of the daily operations within the team, managing staff performance and development, ensuring appropriate risk mitigation through effective control processes and providing ongoing support to divisional and corporate initiatives through strategic business planning.

Key Accountabilities

Daily operations
- Provide monitoring, oversight and support for all bank reconciliation and residual processing, including internal money movements and tax remittances.
- Support the team through variance resolution including working with teams across Client Services to identify root cause.
- Provide support and oversight for the daily net cash processes, including ensuring reporting is completed accurately and on time for downstream partners.
- Ensure all related Fidelity Fund money movements are reported and completed accurately between FIC and the third-party custodian.
- Effectively resolve issues through analysis and monitoring
- Ensure policies and procedures are effectively administered within the department and controls are in place

Service delivery & strategic initiatives
- Responsible for the development and implementation of operational strategies (processes, policies, controls, and metrics) that align with divisional objectives.
- Recommend and implement enhancements to existing business processes resulting in increased efficiencies and/or improved controls.
- Establish and maintain a continuous improvement culture within CMIC.
- Build and maintain relationships with internal and external business partners

People management
- Engage employees in establishing clear and measurable goals that achieve business results
- Engage employees in establishing clear and measurable goals that achieve business results
- Support employee growth and development within the team
- Manage the day-to-day activities of the CMIC department.
- Oversee and administer all aspects of workforce planning and management and Business Continuity Planning (BCP).

What We Are Looking For:
Experience
- 5 - 10 years of relevant financial services industry experience, preferably in the mutual fund and pension industry
- 3 - 5 years of experience managing people
- Strong working knowledge of mutual fund industry is required

**Education**:

- University education preferably with a focus on business, finance, or accounting, or a combination of equivalent education and work experience

Designations, Licenses, or Accreditations
- Canadian Securities Course (CSC) or Chartered Financial Analyst (CFA) is an asset

This is the right opportunity for you if you:

- Enjoy being part of a community
- Enjoy finding better ways to do things
- Like seeing the impact of your work immediately
- Pro-active, and highly motivated results producer
- Able to deliver against business objectives and service standards
- Proven ability to build, manage and foster a team environment
- Proven ability to work creatively and analytically in a problem-solving environment
- Strong planning, preparation, and organizational skills
- Solid communication skills with strong technical writing and presentation skills
- Solid interpersonal and collaboration skills, including ability to build consensus
- Solid knowledge of capital markets, back-office operations, risk management, fund or trust accounting, cash management and best practices

Some of the ways we’ll help you feel valu

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