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Investment Operations Specialist

2 months ago


Toronto, Ontario, Canada Hillsdale Investment Management Inc. Full time
About the Role

Hillsdale Investment Management Inc. is a leading investment boutique seeking a highly skilled Investment Operations Analyst to join our Operations team. As a key member of our team, you will be responsible for resolving global trade settlement issues, performing daily reconciliations, and collaborating with portfolio managers and external service providers to resolve complex trade discrepancies.

Key Responsibilities
  • Global Trade Settlement: Resolve global trade settlement issues for institutional client accounts and pooled funds across 25+ countries and 14+ currencies.
  • Daily Reconciliations: Perform daily reconciliations of global investment transactions and positions, ensuring accuracy and promptly resolving discrepancies.
  • Collaboration and Communication: Collaborate with portfolio managers, traders, custodians, clients, prime brokers, and fund administrators to resolve complex trade discrepancies and operational issues.
  • Corporate Actions: Analyze, record, and monitor corporate actions to maintain an accurate record of positions and facilitate decisions by portfolio managers.
  • Reporting: Prepare and distribute daily, monthly, quarterly, annual, and ad-hoc reports to institutional clients and internal stakeholders, including reports related to investment activities, performance, compliance, accounting, and regulatory requirements.
  • Net Asset Values: Support the delivery of accurate net asset values for our pooled funds by the fund administrator.
  • Process Improvement: Demonstrate an innovative and proactive approach by highlighting inefficiencies, risk, and implementing improvements to streamline our processes.
  • Implementation and Testing: Support the implementation and testing of new operational systems and technologies, ensuring seamless integration with existing processes.
Requirements
  • Experience: 2+ years of experience in investment operations within a financial services firm or asset management company.
  • Education: Degree in Business, Finance, Economics, Accounting, or a related discipline.
  • Skills: Proven ability to manage multiple priorities, meet deadlines, and drive results in a fast-paced environment. Knowledge of industry standards and best practices related to investment operations, custody, clearing, and settlements. Strong analytical skills, meticulous attention to detail, and adeptness at problem-solving.
  • Software Proficiency: Advanced proficiency in Microsoft Excel.
  • Communication: Strong communication skills with the ability to collaborate effectively across teams and with external service providers.
Preferred Qualifications
  • Certifications: Completion of the Canadian Securities Course (CSC) or equivalent.
  • Derivatives Knowledge: Understanding of the trade lifecycle of derivatives – listed options, futures, and FX forwards.
  • Fund Accounting: Familiarity with fund accounting and performance measurement.
  • Software Experience: Experience with Confluence Portfolio Accounting software and Bloomberg.