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Associate, Operations

Toronto, ON · Accounting/Finance
Title:  Associate, Operations
Industry:  Finance
Location:  Toronto, ON
Salary:  $63,000-$70,000K Salary, + Benefits + Bonus, Hybrid

Our client is a global private bank and asset manager specializing in personalized wealth management solutions.  Our client offers expertise in Asset Management. Planning, Structuring & Trust, and providing a unique blend of global capability and personal service.  They are looking for a highly motivated individual to join their team.

The Operations Associate will assist in day-to-day responsibilities within the operations team. This includes the reconciliation of cash daily to ensure the custodian’s records are correct and all cash payments are allocated to the appropriate client.

Reconciliation of Cash between Custodian and Internal Database
  • Perform daily matching of cash balances between custodian accounts and internal database.
  • Instruct custodian to move cash to/from bank account daily.
  • Provide comprehensive explanations for all outages.
  • Allocate dividends, interest, and other income, process corporate actions.
  • Collaborate with other operations employees, trading department, and custodian operations employees to resolve outages.
  • Submit cash reconciliation reports to custodian auditors monthly.
Support Trade Settlements
  • Understand trade cycle and market regulation.
  • Work with brokers and custodians to resolve unmatched trades.
  • Monitor failed report and resolve failing trades swiftly.
Cash Holdings Reconciliation
  • Reconcile holdings between custodian and internal database monthly.
  • Perform daily reconciliations, identify outages, and correct as necessary.
  • Prepare and audit tax packages.
  • Proof data, prepare, and audit T3, T5, T5008, and NR4 forms.
  • Review and remit non-resident withholding taxes monthly.
  • Manage CRS/FATCA reporting and maintenance.
  • Review and analyze tax impact on private investments.
  • Allocate T5013 and perform cost reviews.
  • Maintain and reconcile error accounts.
Key Competencies Required for This Position
  • Strong problem-solving skills.
  • Strong Excel skills and a good understanding of IT solutions.
  • Attention to detail.
  • Ability to communicate problems and solutions effectively.
  • General understanding of the investment operations environment.
Credentials and Experience Requirements
  • Undergraduate degree, with a post-secondary education in accounting.
  • 3–5 years of experience in the finance industry.
  • Canadian Securities Course (CSC) preferred.
How to Apply:
APPLY TODAY!  Looking to interview and hire ASAP.
Contact Deanna Lowe at dlowe@talentsphere.ca



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