Analyst, Securities Lending

Questrade Financial Group•Toronto, ON

2d•CA$108,000 - CA$116,000•Hybrid

About The Position

Questrade Financial Group (QFG) is a diverse financial services company that uses cutting-edge technology to help Canadians become more financially successful and secure. QFG combines human-centric collaboration with AI-driven innovation to redefine financial services. The Securities Lending Analyst mitigates financial, regulatory, and reputational risks by executing foundational daily operational, clearing, and reconciliation tasks. This role coordinates transaction lifecycles, monitors daily settlements, and resolves standard contract breaks to ensure seamless third-party clearing services and absolute compliance with internal SLAs. The Securities Lending Analyst provides essential operational and administrative support to both the Securities Lending and Securities Finance desks. The position requires active, hands-on participation in the daily transaction lifecycle, serving as the first point of contact for internal stakeholders and third-party clearing operations. Using structured problem-solving and established procedural guidelines, the incumbent works collaboratively with Treasury, Risk, and clearing partners to identify, escalate, and resolve routine processing breaks, safeguarding the firm's daily operational integrity.

Requirements

Post-secondary degree/diploma in Finance, Economics, Business Administration, or a related field; or equivalent practical experience.
1 to 2 years of professional experience in middle-office brokerage operations, clearing services, or capital markets settlements.
Strong intermediate proficiency in Microsoft Excel (nested formulas, pivot tables) and Google Suite.
Familiarity or willingness to learn core custody, billing, and clearing platforms (such as BPS, Arrow, CDS, DTC, Loanet, HELIX, and APEX).
Strong detail-orientation with a structured approach to managing high-volume data-entry tasks.
Foundational understanding of the lifecycle of a capital markets trade, specifically clearing, settlement, and cash custody.
General familiarity with capital market instruments and the basic concepts of borrowing, lending, and collateral.
Strong organizational and time-management skills; comfortable balancing multiple administrative tasks simultaneously.
Clear, polite verbal and written communication skills; ability to maintain highly collaborative relationships with third-party service bureaus.
Collaborative mindset with a willingness to assist with ad-hoc operational requests and share workload burdens under pressure.

Nice To Haves

Willingness to enroll in or complete the Canadian Securities Course (CSC) to build broader technical expertise.

Responsibilities

Support the daily settlement of securities lending and borrowing trades by tracking movements, updating static data parameters, and communicating with clearing partners.
Coordinate daily repay/return transactions, ensuring physical cash flows align with synthetic contract values.
Communicate real-time settlement updates, recall risks, and inventory blocks to the active Trade Desk to resolve execution inquiries.
Perform daily contract-and-compare reconciliations, identifying and resolving systemic trade breaks.
Review cash and non-cash collateral mark-to-market valuations for operational accuracy and completeness.
Manage standard recalls, buy-ins, and physical settlements, executing processes in strict compliance with industry rules.
Monitor and review Loanet profit center activity to ensure accurate risk coding and accounting entries.
Compile, format, and distribute daily availability files, rate-sheet records, and month-end billing datasets.
Actively monitor existing processing queues to identify operational bottlenecks and participate in brainstorming sessions for procedure optimization.
Assist in writing test scenarios and executing test cases during software upgrades or trading system migrations.
Serve as the initial point of escalation for internal departments and external operational counterparties, working to resolve transactional disputes.
Provide accurate, timely feedback and transactional reports to Treasury, Risk, Finance, and Compliance as requested.
Assist with administrative billing tasks, monthly P&L calculations, and the onboarding verification of new counterparties.