Mutual Fund & GIC Associate

Ventum Financial Corp.•Vancouver, BC

6d•CA$55,000 - CA$65,000•Onsite

About The Position

Ventum Financial is seeking a detail-oriented and motivated Mutual Fund/GIC Associate to join their Operations team in Vancouver. This role involves various operational functions for Mutual Funds and GICs, including trading, settlements, and related administrative tasks. The company emphasizes collaboration, continuous learning, and flexibility, encouraging a "work floater" mindset where team members are cross-trained and empowered to support other teams during peak volumes. This fosters a dynamic and resilient work environment, promotes professional growth, and ensures high-quality service delivery.

Requirements

Ability to prioritize and handle a variety of tasks concurrently to meet deadlines.
Strong organizational skills with exceptional attention to detail.
Excellent verbal and written communication skills.
A positive, team-oriented attitude and a passion for helping others succeed.

Nice To Haves

2 years relevant experience in the Canadian securities industry.
Experience with Fundserv and Dataphile software including the ESG and GIC modules.

Responsibilities

Ensure accurate daily trade and settlement reconciliation for Mutual Funds.
Submit wires for money payable to Fundserv for Mutual Fund companies.
Post all mutual fund transactions and balance trading and open item accounts before market open (6:30 am PST).
Process all daily commission and trailer fee files for payments received.
Handle mutual fund orders, including investigating and resolving rejections, corrections, and adjustments before market close (1 pm).
Process trade dilutions, PAC/SWD plan cancellations, and fund conversion/exchanges.
Process and assist Investment Advisors (IAs) with requests such as address, rep, and account updates.
Perform monthly reconciliation (financial and non-financial outages) for all positions reported by Fundserv.
Process GIC transactions including purchases, redemptions, maturities, and internal transfers.
Submit wires for money payable to GIC Issuers for daily purchases and re-registrations.
Coordinate daily interest and maturity payments received.
Process commission payout for any payments received.
Review daily Cannex confirmation reports and process any required REC/DEL Receipts and trade tickets for the day.
Confirm weekly incoming funds summary with reports from GIC Issuers.
Review and reconcile monthly Cannex and custodial positions.