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Job Description 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
The Operations Control Services Specialist is a part of the Control Services department and will be trained on all functions of the department and rotate regularly. Members of the team are to ensure complete and accurate reconciliation of control accounts on a daily and monthly basis, all tasks associated with maintenance of the Security Master system. Each member of the team will be fully integrated and be able to perform all department functions.
The Control Services team is made up of the Reconciliation and Security Master departments. The department is responsible for daily and monthly reconciliation of clearing, broker, and control accounts. The area is also responsible for Daily Security Master support and security pricing.
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
- Two-year post-secondary program
- 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
Current work authorization for Canada is required for all openings.
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 FidelityCanadaStaffing@fidelity.ca.
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 Family-Friendly Employers 2023 (7th consecutive year)
- Canada’s Top 100 Employers 2023 (7th consecutive year)
- Greater Toronto’s Top Employers 2023 (10th consecutive year)
- Canada’s Top Employers for Young People 2023
- Venngo Healthy Workplaces Award Workplace Benefits Awards – Health and Wellness Program
- HRDC Best Places to Work 2022
Designations
- A Canadian Compassionate Company
- Great Place to Work (Dec 2022 – Nov 2023)
- Best Workplaces for Women 2023 by Great Place to Work
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 FidelityCanadaStaffing@fidelity.ca.
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 Family-Friendly Employers 2023 (7th consecutive year)
- Canada’s Top 100 Employers 2023 (7th consecutive year)
- Greater Toronto’s Top Employers 2023 (10th consecutive year)
- Canada’s Top Employers for Young People 2023
- Venngo Healthy Workplaces Award Workplace Benefits Awards – Health and Wellness Program
- HRDC Best Places to Work 2023
- HRDC 5-Star Diversity & Inclusion Employer
- HRDC 5-Star Benefit Program 2023
Designations
- A Canadian Compassionate Company
- Great Place to Work (Dec 2022 – Nov 2023)
- Best Workplaces for Women 2023 by Great Place to Work
