Job Description
Please note:
- Current work authorization for Canada is required for all openings.
- You will be working on a hybrid schedule as part of Fidelity’s dynamic working arrangement.
About Us:
Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.
For more information about Fidelity Clearing Canada, please visit
https://clearing.fidelity.ca/
The Opportunity:
This role reports to the Team Manager of Control Services and is responsible for ensuring exchanges are balanced before the market opens. Duties include processing cancel and amend requests, fixing rejected trades on T+1, balancing daily options, and informing clients about account changes. The role also involves notifying clients of assignments before the market opens, balancing accounts and positions before the CDCC deadline, accurately processing all related journals, handling underlying securities, and sending client notifications.
What You Will Do:
- Ensure all settlement clearing accounts are reconciled daily and breaks reported to the applicable departments for adjustments.
- Ensure all non-mutual fund depository ledgers are reconciled daily and breaks reported to the applicable departments for adjustments.
- Option accounts with the designated US options clearer are reconciled and cash balances are settled daily.
- Daily reconciliation and analysis of internal foreign exchange accounts and foreign currency accounts with the custodian
- Oversee the Operations reconciliation P&P in accordance with regulatory and internal requirements.
- Preparation of month end reporting of unresolved difference to the Finance department.
- Process position transfers/adjustments in the clearing corporations’ systems to align with the FCC back office books and records.
- Monitor the OCR reporting requirements for regulators and exchanges and the submission of reports when EOD limits are exceeded.
- Act as the FCC point person for security master related inquiries. Monitor the security master inbox for client processing requests, vendor inquiries and pricing files.
- Security pricing by manual process and file uploads. Understand and adhere to FCC’s pricing policy.
- Other duties as assigned
What We Are Looking For:
- More than 5 years of relevant experience in operations within the financial services industry
- Prior experience in brokerage and/or correspondent clearing and custody business is preferred
- Reconciliation of Settlement accounts and Broadridge Dataphile knowledge is an asset
- Post-secondary education or equivalent experience
- Canadian Securities Course or IFIC certificate is an asset
The Expertise You Bring:
- Strong organization skills with ability to multi-task
- Strong verbal and written communication skills
- Ability to work in a fast-paced work environment with strong attention to detail
- Strong analytical skills
- Works well in a team environment, as well as working independently on individual tasks
- Proficiency in MS Office an asset
Fidelity Canada is an equal opportunity employer
Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.
Accommodation during the application process
Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at .
No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.
Why Work at Fidelity?
We are proud to be recipients of the following:
Awards
- Canada's Top 100 Employers
o Canada's Top Family-Friendly Employers
o Canada's Top Employers for Young People
- Great Place To Work® Certified
o Best Workplaces for Mental Wellness
o Best Workplaces for Today's Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams
- LinkedIn Top Companies in Canada
- Human Resource Director (HRD) - Best Place To Work
o HRD - 5-Star Diversity & Inclusion Employer
Designations
- Canadian Compassionate Companies – Certified
- Benefits Canada's Workplace Benefits Award - Future of Work Strategy
- TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
- Canadian HR Reporter's Most Innovative HR Team
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