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Settlements Administrator

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Fidelity Canada

1mo ago

  • Job
    Full-time
    Junior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You need 1-2 years in financial ops/client services, post-secondary education, strong Excel skills, customer service aptitude, and knowledge of securities and buy-in processes.
  • You will process transactions, ensure compliance, improve processes, match trades, report discrepancies, communicate with departments, manage security positions, and respond to client requests.

Requirements

  • Current work authorization for Canada is required for all openings.
  • 1 to 2 years’ experience in operations and/or client services roles within the financial services industry, preferably in brokerage, and/or in the correspondent clearing and custody business.
  • 2-year post-secondary program completion or equivalent experience
  • Broadridge Dataphile knowledge is an asset
  • Experience with Security Settlement depositories is an asset DTC/CDS or Arrow
  • Knowledge of buy-in process is an asset.
  • Working towards or completion of Canadian Securities Course an asset
  • Excellent MS Excel skills and proficient with the MS Office environment.
  • Strong customer service skills, with ability to build credibility and rapport to gain customer confidence.
  • Exceptional communication skills.
  • Attitude to thrive in a fast paced, challenging, team-oriented environment.
  • Ability to work independently in a fast-paced environment.

Responsibilities

  • Processes transactions and service client needs as per the performance expectations and measures of each department.
  • Follow policies and procedures to ensure compliance with our regulatory requirements. Minimize risk to the business by escalating issues to management.
  • Using continuous improvement methodologies, continually searches for and takes initiative to improve and/or eliminate ineffective processes to improve customer service or gain efficiencies.
  • Compare and match trades that are posted in Dataphile vs. what appears in CDS, DTC, Citi-Direct and FedWire.
  • Report unmatched or failing trades intra-day to the correspondents.
  • Allocate required security positions between CDS/CNS and DTC/NSCC as required.
  • Communicate with the securities lending department regarding positions required for deliveries.
  • Ensure instructions are in place with foreign custodian as well as with Fed Wire custodian as Required.
  • Inquire with counterparties as to the reason behind trades which are either unconfirmed or DK'd (Don't Know).
  • Respond timely to verbal or written client requests.
  • Retrieval of sensitive documentation from our client firms and secured vault located in the downtown core.
  • Create and distribute reports to clients and management.

FAQs

What is the job title for the position at Fidelity Canada?

The job title is Settlements Administrator.

Is current work authorization for Canada required for this position?

Yes, current work authorization for Canada is required for all openings.

Where is Fidelity Clearing Canada (FCC) based?

Fidelity Clearing Canada (FCC) is based in Toronto.

What are the main responsibilities of a Settlements Administrator?

The main responsibilities include settling trades via electronic settlements systems, communicating with internal partners, clients, and counterparties, and managing the settlement process for CAD and USD trades.

How many years of experience are required for this role?

1 to 2 years of experience in operations and/or client services roles within the financial services industry is required, preferably in brokerage or correspondent clearing and custody business.

What educational background is preferred for applicants?

A 2-year post-secondary program completion or equivalent experience is preferred.

Are there any specific designations or knowledge that are considered assets?

Yes, knowledge of Broadridge Dataphile, security settlement depositories (DTC/CDS or Arrow), and working towards or completion of the Canadian Securities Course are considered assets.

What skills are essential for a Settlements Administrator?

Essential skills include excellent MS Excel skills, strong customer service skills, exceptional communication skills, and the ability to thrive in a fast-paced, team-oriented environment.

Does Fidelity Canada promote diversity and inclusion in the workplace?

Yes, Fidelity Canada is committed to fostering a diverse and inclusive workplace.

How can candidates request accommodations during the application process?

Candidates can request accommodations by emailing FidelityCanadaStaffing@fidelity.ca.

Are there any awards that Fidelity Canada has received?

Yes, Fidelity Canada has received multiple awards, including Canada’s Top 100 Employers and Great Place To Work® Certified.

Can candidates inquire about the status of their application by phone?

No, candidates are advised not to make telephone inquiries, and only those selected for an interview will be contacted.

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Fidelity Canada

Finance
Industry
1001-5000
Employees
1987
Founded Year

Mission & Purpose

Fidelity Canada provides investment management services, offering a wide range of mutual funds, ETFs, and other financial products to help individuals and institutions achieve their financial goals. Their mission is to build better financial futures by delivering superior investment solutions, backed by in-depth research and expert management. Fidelity is committed to supporting investors with innovative strategies and personalized service, ensuring they can navigate complex markets and grow their wealth with confidence.