Manager of Reconciliation

CI Financial•Toronto, ON

2d•CA$69,500 - CA$119,500•Hybrid

About The Position

At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so. We are seeking a highly motivated and detail-oriented Manager, Reconciliations to oversee the daily reconciliation process and ensure the integrity of our financial and operational controls. Our firm is undergoing an exciting transformation, and this role will play a critical part in driving that change. The successful candidate will be instrumental in supporting the implementation of a new reconciliation platform and establishing a new Target Operating Model (TOM) designed to enhance accountability, clarify roles and responsibilities, and optimize operational performance. This individual will lead a team of 5-7 reconciliation analysts and ensure that all cash and asset accounts are reconciled daily, with a focus on aligning our book of records with banks, depositories, and counterparties. This is a unique opportunity to contribute to the evolution of our operations while maintaining the highest standards of control and accuracy.

Requirements

Bachelor’s degree in Finance, Accounting, or a related field; professional certifications (e.g., CPA, CFA) are an asset.
5+ years of experience in reconciliations, financial operations, or a similar function within financial services.
Proven leadership experience, with a track record of managing high-performing teams.
Strong understanding of reconciliation processes (cash and asset – exchange traded, Mutual Funds), and operational controls.
Experience working with depository systems such as CDS & DTC would be an asset.
Experience with implementing or upgrading reconciliation platforms and systems is a strong asset.
Excellent problem-solving and analytical skills, with attention to detail.
Strong interpersonal and communication skills, with the ability to collaborate effectively with stakeholders at all levels.
Canadian Securities Course, IFIC, PFP and other industry courses would be an asset.
Leadership and team development
Operational efficiency and risk management
Problem-solving and critical thinking
Adaptability to change and technology-driven environments.
Strong organizational and prioritization skills

Nice To Haves

professional certifications (e.g., CPA, CFA) are an asset
Experience working with depository systems such as CDS & DTC would be an asset
Experience with implementing or upgrading reconciliation platforms and systems is a strong asset
Canadian Securities Course, IFIC, PFP and other industry courses would be an asset

Responsibilities

Lead and manage a team of 5-7 reconciliation analysts, providing guidance, training, and performance management.
Foster a culture of accountability, continuous improvement, and operational excellence.
Ensure all cash and asset accounts are reconciled daily, including transactions and positions across books, banks, depositories (CDS/DTC), and counterparties.
Investigate and resolve discrepancies promptly to minimize risk and ensure operational accuracy.
Monitor and manage outstanding breaks, escalating issues when necessary.
Monitor trends and working with internal and external stakeholders to address the underlying root causes.
Monitor and manage system to system reconciliations.
Ensuring data sent to downstream systems are accurate.
Establish and maintain a sound control framework to support the reconciliation process and mitigate risk.
Regularly review processes to identify and implement enhancements to improve efficiency and reduce errors.
Support the Director, Reconciliation with the implementation of New Reconciliation Platform & TOM.
Support the implementation of a new reconciliation platform, including defining requirements, testing, and rollout and training.
Drive the implementation of a new Target Operating Model (TOM), ensuring clear accountability, defined roles, and responsibilities across the reconciliation process.
Collaborate with internal and external stakeholders to ensure seamless integration with existing systems and processes.
Prepare and present regular reconciliation metrics and status updates to senior management.
Track and report key performance indicators (KPIs) to monitor team performance and process efficiency.