Senior Trader

4 weeks ago


Montreal, Quebec, Canada Aviso Wealth Full time
Job Title: Senior Trader - Mutual Funds

We are seeking a highly skilled and experienced Senior Trader to join our Mutual Funds team. As a Senior Trader, you will be responsible for executing daily trades, resolving issues, and maintaining high levels of client satisfaction.

Key Responsibilities:
  • Execute daily trades, including buys, sells, and switches, on Dataphile
  • Support Portfolio Managers, Investment Advisors, and staff with trade-related issues
  • Communicate with Mutual Fund Companies, Regulators, and Network providers to stay up-to-date on industry developments
  • Review executed and rejected trades daily
  • Learn to calculate dilution losses or gains
  • Monthly upkeep of duplicate Mutual Fund account numbers and dormant trades on the order book
  • Support PM's and staff with Mutual Fund products, back office systems, and procedures
  • Administer recurring events for PM's, ensuring accurate processing
  • Resolve client account issues and escalate when necessary
  • Revises and updates the Mutual Funds Procedure Manual
  • Maintain accurate client demographics information with Fund Companies for proper tax reporting
  • Support various departments by being a liaison between them and PM's on issues affecting day-to-day efficiencies
  • Identify and recommend processing improvements in Mutual Fund operations and administrative functions to enhance productivity and profitability
  • Meet established service standards for problem resolution and customer service
  • Analyze trends and recommend process or operational improvements with staff and PM's
Requirements:
  • Post-secondary education
  • 5-10 years of experience in the Investment Industry with a good understanding of Mutual Fund Investments
  • Successful completion of the CSC & CPH or the IFIC
  • Understanding of FundSERV N$M settlements, purchases, redemptions, switches, cash/reinvested, and notional distributions
  • Understanding of various Mutual Fund Products, including Hedge, Pooled, Investment Trusts, Flow-thru shares, Linked notes, GIC's, HISA's, and open-end Mutual Funds
  • Recognizes and understands the regulatory rules governing Mutual Funds established by IIROC and MFDA
  • Outstanding versatility with the ability to conduct with professionalism, build rapport, and exercise resourcefulness and understanding
  • Proficient computer skills and good knowledge of FundSERV, myserv, Broadridge, MS Word, Excel, and Outlook
  • Independent and self-motivated, with the ability to escalate issues when necessary
  • Team-oriented with a positive attitude, thriving in fast-paced environments and multi-task oriented
  • Maintains the quality and operational excellence with the highest level of service
  • Capable of achieving required objectives within the Company and regulatory requirements
  • Attends to details and pursues quality in accomplishing tasks
  • Strong organizational and time management skills, with a strong customer service orientation
  • Fluent communication skills in both English and French, with the ability to collaborate effectively with others


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