Jr. Trade Reconciliation Specialist to work on a Canada Post Migration Project for a large banking client - 134445
Job Type: Contract
Positions to fill: 1
Start Date: Jul 05, 2022
Job End Date: Jul 05, 2023
Pay Rate: Hourly: Negotiable
Job ID: 120843
Location: Toronto
Title: Trade Reconciliation Specialist
Location: WFH - but once per 2 week in office 155 Wellington
Contract Length: 1 Year
Overview:
Performs reconciliations of securities lending and trading activity. Reconciles daily balances in customer and firm accounts against the trading activity, ensuring trades and settlement of loan and collateral transactions are executed in a timely manner, while accurately monitoring collateral requirements on an intraday basis. Provides a high level of customer service by interacting with brokers concerning settlement of transactions.
Responsibilities:
- Serve as a liaison between the trader and clearing area, interacting with personnel from various institutions to correct trading activity related issues
- Coordinate the settlement of Canadian/North American or global securities lending and trading activity (security types include: bond, equity and money market)
- Review monthly statements for determining lending fees payable and receivable
- Balance money entries
- Develop and maintain supplier and customer relationships
- Devise trading, option and hedge strategies
- Identify opportunities and develop channels for purchase or sale of securities or commodities
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, and dynamics
- Process paperwork for special orders, including margin and option purchases
Must Have:
• Advance Excel skills and attention to details.
• Prefer 1 year Derivatives experience including experience with year-end processes, audit, transitions and mergers is an asset
Nice to Have:
• CFA candidate is a nice to have to understand the role
• Strong understanding of how to calculate MTM for all open positions for Derivative products
• Understanding the performance of a portfolio and ability to decompose the P&L
• Investment accounting experience
Location: WFH - but once per 2 week in office 155 Wellington
Contract Length: 1 Year
Overview:
Performs reconciliations of securities lending and trading activity. Reconciles daily balances in customer and firm accounts against the trading activity, ensuring trades and settlement of loan and collateral transactions are executed in a timely manner, while accurately monitoring collateral requirements on an intraday basis. Provides a high level of customer service by interacting with brokers concerning settlement of transactions.
Responsibilities:
- Serve as a liaison between the trader and clearing area, interacting with personnel from various institutions to correct trading activity related issues
- Coordinate the settlement of Canadian/North American or global securities lending and trading activity (security types include: bond, equity and money market)
- Review monthly statements for determining lending fees payable and receivable
- Balance money entries
- Develop and maintain supplier and customer relationships
- Devise trading, option and hedge strategies
- Identify opportunities and develop channels for purchase or sale of securities or commodities
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, and dynamics
- Process paperwork for special orders, including margin and option purchases
Must Have:
• Advance Excel skills and attention to details.
• Prefer 1 year Derivatives experience including experience with year-end processes, audit, transitions and mergers is an asset
Nice to Have:
• CFA candidate is a nice to have to understand the role
• Strong understanding of how to calculate MTM for all open positions for Derivative products
• Understanding the performance of a portfolio and ability to decompose the P&L
• Investment accounting experience
