Reconciliation Senior Analyst, Institutional Portfolio Operations
About The Position
Are you interested in joining one of Canada’s top performing asset managers? We are looking for a Reconciliation Senior Analyst, for an existing vacancy in our Institutional Portfolio Operations team. The Institutional Portfolio Operations (IPO) team is a group of tightknit, energetic, and social individuals, who together have a direct impact on the investment success of individuals, pension funds, foundations and endowments, First Nations and other institutional clients. The reconciliation position is a critical part of our firm and clients’ success and is a challenging and rewarding role for the right individual. In this role you will experience the inter-workings of the asset management world and will have the opportunity to advance your skills for future growth and development within Connor, Clark & Lunn (CC&L). Our offices currently operate on a hybrid model with a combination of in office and remote working days throughout the week.
Requirements
- Postgraduate degree in Finance, Business Administration or a related field.
- Genuine interest for the investment industry with prior experience in an institutional investment firm, bank, or trust company.
- A minimum of 4 years experience in investment operations and reconciliation is necessary.
- Ability to articulate yourself clearly through both verbal and written mediums and work well with others to resolve complex issues.
- Ability to think rationally, and problem solve effectively.
- Proven ability to problem solve in situations with less than complete information.
- Strong analytical skills, ability to analyze situations, diagnose problems, and develop proactive solutions.
- Proficient with Microsoft Office (Excel) and computer literate.
- Thirst for knowledge and lifelong learning.
- Ability to learn quickly and take responsibility for own learning and development.
- Committed to contributing and supporting a team of like-minded individuals who are driven and have high standards.
- Sharp, ambitious, and enthusiastic person who will seek to improve existing processes and help to implement creative solutions.
- Knowledge of capital markets, derivatives, securities, and corporate actions.
Nice To Haves
- Knowledge of various research platforms like Bloomberg or Reuters, etc.
- Experience of navigating custodian websites for extracting cash and holdings reports
- Demonstrated experience in process improvement initiatives, developing and automating processes is beneficial.
- Knowledge of Advent APX and SS&C RECON applications are beneficial, but not required.
Responsibilities
- Reconcile various items, including but not limited to: cash, transactions, holdings, futures, various derivative products, dividends, soft dollars, units, and alternative investments.
- Investigate reconciliation breaks due to shareholder activities, income discrepancies, corporate action breaks, failed trades or derivative breaks.
- Communicate with custodians, prime brokers, portfolio managers, and key personnel across CC&L to investigate and resolve reconciliation discrepancies.
- Communicate with our custodians and prime brokers to set up daily delivery of external files for reconciliation purposes and to resolve data-related issues.
- Communicate critical portfolio information and oversee the flow of sensitive information for all CC&L affiliates.
- Work with auditors to assist in providing accurate and timely data for audits of our institutional client accounts.
- Participate in continuous improvement of business processes and procedures, with focus on automation, efficiency, and the scalability of IPO’s services.
- Participate in testing and implementation of projects and new/revised products/services or processes.
- Complete month-end reconciliation of accounts to ensure that all client accounts that are out of balance or require investigation can be reviewed and resolved accordingly and in a timely manner.
- Analyze issues and determine next steps; escalate as required.
- Complete complex & diverse tasks within given rules/limits.
- Perform other tasks and ad-hoc projects as assigned to you from time to time.
Benefits
- Annual performance bonus
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What This Job Offers
Job Type
Full-time
Career Level
Senior
