Settlements Specialist – 6 Month Contract

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  • Salary:
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  • Posted:
    1 month ago
  • Category:
    Business / Mgmt

City: Toronto Title: Settlements Specialist – 6 Month Contract Salary: $18.00 /hr Summary: ARE YOU AN EXPERIENCED SETTLEMENTS SPECIALIST LOOKING FOR AN EXCITING CHALLENGE? Our client company is seeking an experienced professional with good communication skills to join their team for a 6 month contract.   Settlements Specialist – 6 Month Contract Location: Toronto, Yonge & Bloor Summary: The Settlement Specialist, Cash Processing is responsible for the settlement of cash transactions and forecasted income transactions. The individual will work to tight deadlines, with involvement in problem resolution and timely investigations with various external and/or internal counterparties. The individual will be a team player and assist with items that need to be completed within the overall Securities Administration department. This is a multiple incumbent position and covers US and Canada. The position is responsible for the administration of the assigned investment portfolio activity. About the Opportunity Settlement of cash and securities income transactions primarily Equities, Fixed Income and Money Market, but could include Derivatives and Securities Lending Conduct a daily review and investigation of the Forecasted Income Report to ensure that Treasury has an accurate forecast of the cash flow Regular involvement in problem resolution and investigations with Custodial Banks and dealer counterparties Timely investigation and response to internal client inquiries Assist with the daily cash entries to Custodians and internal Accounting System Work with other areas within Securities Operations to assure all outstanding items are cleared in a timely manner Process CAD/USD external and internal cash transfers, whenever required. This includes interpreting the transfer requests initiated by the company’s various departments and processing manually as well as through the Custodial systems, all within the requested time frames Work within existing procedures and processes ensuring clear and concise documentation is created and maintained as such procedures and processes evolve over time Adhere to and reinforce established SOX documentation Exercise initiative to assist department management in review and analysis of established procedures and processes, making recommendations to ensure that efficient and flexible service is provided to clients always Remain familiar with relevant securities industry developments specifically those impacting the activities of assigned portfolios and/or internal clients and custodial service providers Provide assistance to other team members and management team when required Participate in inter-department cross training to ensure continuity of service Additional duties as assigned About You Minimum 2 years equivalent work experience in a securities operations environment, including securities instruments/settlements, foreign exchange and derivative instruments/settlements and banking processes Successful completion or enrolment in the Canadian Securities Course Knowledge of SWIFT protocols and formatting would be beneficial Computer literate with sound knowledge of Microsoft Office applications Experience using processing systems such as MAXIMIS, bank reporting systems and Bloomberg is preferred Sound knowledge of security asset types and payment characteristics Client focused with the ability to understand the clients’ requirements Influence and work collaboratively with clients in a sophisticated and demanding business environment Sound problem solving skills Ability to adapt to changes, automation and set priorities High level of accuracy and attention to detail Ability to react quickly and meet tight deadlines maintaining accuracy and thoroughness Good communication and interpersonal skills Demonstrate initiative and strong team player Pay Rate $18/hour How to Apply Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #21785 . You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.   About Lannick Lannick is the premier professional recruitment and staffing firm in the Greater Toronto Area. Founded in 1985, Lannick provides best-in-class finance, accounting and technology professionals at all roles and levels through its three divisions: Lannick Finance & Accounting, Pro Count Staffing and Lannick Technology. Lannick places more than 1,000 candidates annually and is a preferred vendor for Canada’s most successful organizations. Learn more at .