Analyst, Corporate Action Processing (12-month Contract)

TMX Group • Montreal, QC

3d • Hybrid

About The Position

The Canadian Depository for Securities (CDS) serves as Canada’s national securities depository, clearing, and settlement hub, providing the vital infrastructure required to support the integrity and efficiency of the Canadian capital markets. Within this ecosystem, the Asset Services Information Unit manages the entire lifecycle of Corporate Actions data for securities held by CDS. The Processing analyst is a pivotal and high impact role, which centers on managing the operational lifecycle of all mandatory corporate action processing (such as Distributions, Name Changes, Mergers, Stock Splits, etc). This role functions as a reliable and essential informational connector, contributing significantly to the wider Canadian Capital Markets Infrastructure. This role requires technical and strategic expertise in prioritizing the timely processing of all Corporate Action payments to CDS Participants. A vital aspect of this position is the unwavering commitment to cultivating and sustaining professional, courteous, and effective relationships with both external business contacts and diverse internal stakeholders.

Requirements

• 2 to 3 years + of relevant experience in financial services, capital markets or post-trade operations.
• Post-secondary degree in Business, Finance or a related field.
• Sound understanding of the Canadian Securities Industry (Equities/Fixed Income).
• Intermediate to expert proficiency in Microsoft Excel and Google Workspace.
• Proven ability to manage multiple high-priority transactions and other deadlines in a fast-paced environment.
• Great analytical/accounting skills to accurately determine standard to intermediate entitlement payments and finalize corporate action processes.
• Ability to guide legal counsel and external stakeholders through financial concepts and operational requirements.

Nice To Haves

• Good understanding of Corporate Action processing
• Fluency in both French and English (written and spoken) is a significant asset due to regular interaction with national partners and stakeholders.
• Completion of the Canadian Securities Course (CSC).

Responsibilities

• Analyze Terms by reviewing corporate action event information, options, tax implications and legal requirements to fully understand the event.
• Identify, diarize and monitor critical dates (expiries, payment dates) to ensure no deadlines are missed.
• Manage the end-to-end execution of corporate actions ensuring seamless processing of events while maintaining system integrity, balancing payments against proceeds and authorizing final participant payouts.
• Oversee the rigorous and timely processing of mandatory corporate action events across all requisite internal systems and external platforms.
• Proactively identify workflow optimization opportunities, implementing best practices and leveraging technology to enhance reporting efficiency and accuracy.
• Determine and log applicable fees for exceptional corporate action requests following a thorough evaluation.
• Liaise with Transfer Agents/Paying Agents, DTC, Legal Counsel, as required, to validate payment details and resolve discrepancies.
• Ensure strict adherence to established protocols for the timely and appropriate escalation of issues to management, alongside the proactive identification and documentation of risk mitigation strategies.
• Analyze existing procedural frameworks and internal controls, suggesting targeted improvements that guarantee best-in-class operational standards, bolster risk mitigation efforts, and uphold a commitment to customer consideration.

Benefits

• Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree