Associate, Operations

Job title:

Associate, Operations

Company

TalentSphere

Job description

Title: Associate, Operations
Industry: Finance
Location: Toronto, ON
Salary: $6,000-$65,000K Salary, + Benefits + Bonus, HybridOur 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.Responsibilities:
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.

Tax

• 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 atLI-TS1
TSSHP

Expected salary

Location

Toronto, ON

Job date

Sat, 17 Aug 2024 22:37:12 GMT

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