Intern - Finance Operations (Summer 2024 - 4 Months)

2 months ago

Toronto, Canada Ontario Teachers' Pension Plan Full time

Until 11:59 PM of February 6, 2024

The Opportunity
- Do you want to be part of a dynamic and innovative team, work with Finance professionals from a variety of backgrounds, and partner with Investments and other key partners across OTPP?

At OTPP in Finance Operations, we provide day-to-day support for investment activities and ensure the accuracy of information required for financial and management reporting. We are continually presented with new opportunities and challenges working with teams from Investments Division including Capital Markets, Equities, Infrastructure and Natural Resources, Teachers’ Innovation Platform, Global Funds Team, Total Fund Management, and Risk. In this role, you will be involved in many aspects of daily investment operations including accounting, settlement, reconciliation of transactions, investigation and resolution of discrepancies, and reporting. Additionally, you will gain exposure to one of the asset classes or functions supporting OTPP’s investment strategy. If you are a self-starter who enjoys the challenges of a fast-paced environment, thrives on change and prides yourself on your excellent communication and interpersonal skills, we are keen to help you demonstrate this potential.

Who you’ll work with
- We are a dynamic team of finance professionals from varied backgrounds including CPA, CFA, MBA, HBA, B.Comm and B.Sc. We provide accounting and operational services and support to OTPP as well as middle office analysis for various business partners across OTPP. You will report to an experienced Leader who leads the daily operational flow and timelines for a team within Finance Operations and will be providing you with coaching and mentoring during your term. You will also receive daily guidance and mentoring from your peers as you progress through your term and collaborate closely with teams across OTPP as well as external service providers.

The Finance Operations team includes various teams:

- Public Securities Operations - responsible for post-trade aspects of the trade life cycle, ensuring that all trade life cycle activities, such as investment accounting and asset servicing. reconciliations are reliably completed for Derivative and fixed Income products. Support portfolio managers, and Investments with any PnL related inquiries or ad hoc requests. Manage daily collateral margin activities and calculate exposure for Bilateral and cleared products. Working closely with external counterparties and various internal stakeholders (Risk Analytics and Counterparty Credit Risk). Participate in new initiatives and Finance transformation strategy.
- Treasury Operations - responsible for forecasting short term liquidity cash positions across the organizations. They facilitate payments for all investment related activities and are accountable for managing our banking activities and banking relationships.
- Global Trade Management - responsible for ensuring that all exchange traded (Equity & Fixed Income) activity successfully settles at the depositories. They research and facilitate settlement workflow across 30+ Global Markets and manage the Custodian Relationship.
- Private Asset Operations - provides investment support for direct private investments, including private equity, loans, and real estate. This includes consolidation of Cadillac Fairview transactions and oversight over wholly owned and externally managed subsidiaries within each investment structure.

What you’ll do
- You will contribute to the day-to-day activities of Finance Operations team, including to but not limited to the following:
- Executing, booking, and processing transactions or trades; including settlements and premium and fee payments-
- Interact with external parties, including brokers, dealers, custodians-
- Preparation of cash flow reporting, forecasting, and liquidity and risk analyses-
- Preparation of reports, reconciliations, and financial analysis for internal business partners-
- Preparation of daily and month-end packages including all supporting documentation-
- Maintaining and monitoring a sufficient internal control and risk management structure-
- Assisting management in the implementation of divisional or corporate objectives and projectsWhat you’ll need- Background in Accounting, Finance, Computer science, Mathematics, or Economics- An investment concentration is an asset- Excellent interpersonal and communication skills required- Microsoft Office (ie. Excel, Word, Outlook) experience required- Experience or familiarity with SQL, Python, PowerBI is an asset- Self-starter who can thrive in a fast-paced environment- Innovative, forward-thinking abilities required- Previous work experience in the financial industry- Interest in pursuing a CPA or CFA is an asset (time in qualifying teams will count towards CPA practical requirements)- Must be enrolled in 3rd / 4th year and returning to your studies after your work term is completed

LI-SS

What we’re offering- Numerous op

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