Associate, Options Clearing

Wealthsimple Technologies

4d • Remote

About The Position

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with 3+ million users who trust us with more than $100 billion in assets. And we’re just getting started.
We’re looking for someone who thinks big, sweats the small stuff and keeps things simple. You’ll join a high-bar, fast-paced team where people are trusted to own their work, communicate openly, and ship things that improve our clients’ lives. Collaboration, humility, and an obsession over quality are how we get stuff done.
Be a part of our Canadian success story and help shape the financial future of millions. Read our Culture Manual and learn more about how we work.
​Wealthsimple Operations Associates own and scale processes intelligently, with analytics, grit, and grace. We manage billions of dollars, so the stakes are high. We want to deliver extraordinary experiences that meet our client's on-demand expectations, while being a compliance leader. At Wealthsimple, we are maker-owners, we believe that simple is better, and we do what's right for each client.
​​In this role, you will:
Be a key member of the Options clearing team, the team is responsible for Options life cycle management

Requirements

• Have 2+ years of experience working at a broker-dealer, managing back-office reconciliations and settlement responsibilities for Equities, Options or Futures at a registered investment dealer.
• Are passionate about technology, specifically fintech.
• Are organized with a strong attention to detail and be comfortable working with a large set of data, with the ability to meet tight deadlines.
• Possess strong Excel skills.
• Are naturally curious: if something seems off, you want to figure out what’s going on.
• Have excellent communication and collaboration skills, and thrive in a cross-functional environment.
• Available to support early and late hours on rotating shifts as required by market events and settlement cycles.

Nice To Haves

• Have completed or are pursuing relevant industry courses (CSC, DFOL, derivatives licensing, etc.) are preferred.
• Have experience or familiarity with programming a plus (especially SQL).

Responsibilities

• Be responsible for daily execution of all operational critical activities related to options reconciliations, settlements and expiration.
• Work directly with motivated Operations Associates to ensure the accuracy of the records we hold for clients.
• Take ownership of critical trade and position reconciliations escalating to the trade desk, counterparties and other teams as necessary to reduce risk.
• Handle Options Exercise & Assignments reconciliations and postings
• Troubleshoot, manage and proactively resolve reconciliation differences.
• Use data to identify inefficiencies and propose solutions.
• Develop processes to increase the efficiency of our back-office operations.

Benefits

• Top-tier health benefits and life insurance
• Long-term group savings with employer match using our Wealthsimple for Business platform
• 20 vacation days + 4 wellness days per year, and unlimited sick and mental health days
• 90 days away program: Employees can work outside of Canada for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resources Groups (e.g., Rainbow, Women of Wealthsimple, Black @ WS)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed