Senior Processing Analyst

1 month ago


Toronto, Ontario, Canada The Canadian Depository for Securities Limited Full time
Job Title: Senior Processing Analyst

Join The Canadian Depository for Securities Limited as a Senior Processing Analyst and take on a challenging role that requires strong analytical and problem-solving skills. As a key member of our team, you will be responsible for managing and analyzing corporate action and entitlement events, ensuring timely and accurate payment to participant accounts.

Key Responsibilities:
  • Analyze and manage corporate action and entitlement events, including mandatory reorganizations and entitlements.
  • Coordinate with participants, depositary/transfer agents, issuers, lawyers, underwriters, and paying agents to ensure smooth processing and payment.
  • Review and verify all information related to corporate action and entitlement events, including bulletin, event, submission dates, and pay dates.
  • Submit letters of transmittal/instructions and securities to transfer agents in a timely manner, ensuring accuracy of terms.
  • Follow up with transfer agents, depository agents, paying agents, DTCC, and issuers to confirm/verify details of payment.
  • Verify and balance payment prior to requesting release of payment to participants in the CDSX system.
  • Adhere to strict and aggressive unit deadlines for turnaround of related information.
  • Interact with issuers, transfer and paying agents, securities regulators, underwriters, dealers, investment managers, US depository, corporate legal counsel, and other sources to confirm and/or clarify legal or processing requirements.
  • Research, analyze, and resolve discrepancies promptly.
  • Strict adherence to TMX procedures, audit requirements, and internal control verification process.
  • Quick and decisive resolution of problems and discrepancies that may negatively impact SIES Operations and timely documentation and escalation of these complex/critical issues to ensure senior management's immediate action.
  • Recommend changes to existing processes, services, and procedures to ensure we are meeting our customers' needs and operating in an efficient and effective environment at all times.
  • Provide training, support, and guidance to new recruits and other operation analyst team members.
  • Perform any additional functions that may be assigned from time to time to maintain effective coordination and management within the unit.
  • Check, prepare, and submit daily reports in a timely manner.
Requirements:
  • Post-secondary education in commerce or business administration preferred.
  • 3+ years of progressive operational/business experience in the securities financial industry.
  • Years of experience in reorganizations/corporate action and entitlement processing functions preferred.
  • A good understanding of security entitlement and settlement procedures, and the Canadian and US depository operations is highly recommended.
  • Canadian Securities Course is an asset.
  • Strong organizational skills with the demonstrated ability to plan and prioritize in order to meet strict deadlines in a time-sensitive environment.
  • Must enjoy working in a fast, varied, and stressful environment.
  • Must be able to complete assignments within specific time schedules.
  • Excellent analytical/accounting skills in order to accurately calculate and determine complex security features.
  • Able to work collectively within a team environment to maintain customer focus and achieve desired business results.
  • Excellent problem-solving skills.
  • Able to gather information through the questioning of others, review of documentation, and observation of situations.
  • Must be able to select the most appropriate course of action and take the initiative to achieve objectives and/or resolve problems promptly, without defense, and while exercising good judgment.
  • Detailed and result-oriented.
  • Able to write clearly and concisely and effectively interact with external contacts via phone or email.
  • Ability to effectively interact with individuals at all levels, in various capacities among our participants, issuers, transfer agents, and other high-profile organizations.
  • Ability to act decisively and calmly under pressure.
  • Strong knowledge of the various PC software systems Google Suite of applications: (DOCS, SHEETS, DRIVE, GMAIL, CALENDAR, HANGOUTS/MEET, Lotus Notes, Internet, etc.).
  • Must display honesty, integrity, and respect in the workplace.

At The Canadian Depository for Securities Limited, we offer a dynamic and challenging work environment that allows you to grow and develop your skills. If you are a motivated and detail-oriented individual with a passion for securities processing, we encourage you to apply for this exciting opportunity.



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