Associate, Securities Lending Operations

Wealthsimple Technologies • ,

8d • CA$54,000 - CA$68,000 • Hybrid

About The Position

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 clients' 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. The Operations team is the team that makes everything run. We own the systems, processes, and day-to-day execution that keep Wealthsimple functioning at scale — across trading, client support, compliance, and beyond. Within Operations, the Securities Lending Operations team works directly with the Trading Desk and other Operations Associates to manage daily lending activity, settlement, and counterparty relationships. We're a high-ownership team that works closely with Product, Finance, and the business to close gaps, reduce friction, and build for scale.

Requirements

• 3+ years of experience working at a broker-dealer, bank, capital markets firm, or pension fund
• A background in finance, accounting, business, or a related technical field, with strong business judgment and the ability to operate within tight deadlines
• Strong technical skills in Excel and Google Sheets, including formulas and pivot

Responsibilities

• Join the Operations team, and work directly with our Senior Manager and Team Lead, Securities Lending Operations, Trading Desk, and other Operations Associates to execute on daily securities lending processes
• Assist in maintaining positioning by processing returns from counterparties and supporting the loan recall process
• Work to ensure timely loan and return settlement, and resolve related issues
• Collaborate with traders, product managers, engineering, and other operations teams to ensure effective and timely trade flow and settlement
• Communicate with counterparties via email or on calls to execute on loans and recalls, and resolve discrepancies
• Identify and resolve discrepancies in transactions
• Perform daily and monthly reconciliation of records and assist with audit requests
• Support front-office operations related to corporate actions and daily market movement
• Support billing and month-end processes
• Represent Wealthsimple in interactions with external counterparties and cultivate industry relationships
• Support the development of operational procedures as we build out our Options business
• Support the treasury team with cash movements, including billing
• Support the onboarding of new counterparties

Benefits

• Top-tier health benefits and life insurance
• Long-term group savings with employer match, through Wealthsimple for Business
• 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
• 90 days away: work outside Canada for up to 90 days per year
• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS

What This Job Offers

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