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Senior Associate, Securities Lending Operations

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Wealthsimple

14d ago

  • Job
    Full-time
    Mid & Senior Level
  • Toronto
    Remote
  • Quick Apply

AI generated summary

  • You should have 3-5 years in finance ops, trade management, and settlements, strong detail orientation, fintech passion, and good communication skills. Familiarity with Preset, Equilend, or Bloomberg is a plus.
  • You will execute daily securities lending processes, ensure timely settlements, collaborate across teams, manage data analysis and automation, and support internal audits and counterparties.

Requirements

  • Have 3-5 years experience working at a broker-dealer, banks, capital markets or pension funds.
  • Have a finance, accounting, business or similarly technical background
  • Demonstrable understanding and/or experience in trade lifecycle management, or trade capture and enrichment within an Operations/Middle Office team.
  • Settlements background, experience with CDS and DTC
  • Are capable of operating within tight deadlines and possess good business judgment. You can multitask, and manage your time well
  • Are passionate about technology, specifically fintech
  • Identify, implement, and maintain internal controls with a view to mitigate operational and financial risks
  • Are organized with a strong attention to detail and be comfortable working on multiple priorities with the ability to meet tight deadlines
  • Have strong collaboration skills and a positive attitude, proven ability to structure communications, both written and verbal, clearly and succinctly
  • Are naturally curious: if something seems off, you want to figure out what’s going on.
  • Strong communication skills; you’ll be working with front office (trading) and external counterparties; may lead, coordinate or supervise other workers in this group
  • Ability to work under strict deadlines and juggle competing priorities
  • Experience with any of the following would be an asset: Preset, Equilend, Bloomberg, SQL, Notion
  • Currently holding or working on CSC, CFA, or other capital market-related certifications/designations

Responsibilities

  • Join the Operations team, and work directly with our Manager, Securities Lending Operations and other Operations Associates to execute on daily securities lending processes.
  • Support daily trade ticketing and enrichment process for various products such as equity swaps and securities financing trades in a timely and accurate manner.
  • Work to ensure timely loan, return and recalls settlement, and resolve related issues.
  • Collaborate with traders, product managers, engineering and other operations teams to ensure effective and timely trade flow and settlement.
  • Interact with counterparties via email on calls to execute on loans and recalls.
  • Support billing and month end processes.
  • Be able to represent Wealthsimple with external parties (counterparties) and build relationships within industry.
  • Support the treasury team with cash movements, credit limit monitoring.
  • Support internal/external auditing process and collaborate with internal recon team.
  • Support the onboarding of new counterparties.
  • Work closely with the Product and Engineering teams on process improvements involving vendors selection and automation builds.
  • Operate database management systems to analyze data and perform data mining analysis to improve team efficiency.
  • Write/modify macro scripts related to automation procedures and collaborate with engineering team.

FAQs

What is the main focus of the Senior Associate, Securities Lending Operations role?

The main focus of the role is to execute daily securities lending processes, support trade ticketing, manage settlements, collaborate with various teams, and improve operational efficiencies while ensuring compliance and high-quality service delivery.

What kind of experience is required for this position?

Candidates should have 3-5 years of experience working at a broker-dealer, banks, capital markets, or pension funds, along with a strong background in finance, accounting, or a similar technical field.

What skills are important for success in this role?

Important skills include a strong understanding of trade lifecycle management, excellent organizational abilities, attention to detail, good business judgment, strong communication skills, and the ability to work under tight deadlines.

Are there any specific technical skills preferred for this job?

Yes, experience with Preset, Equilend, Bloomberg, SQL, and Notion would be considered assets for this position.

What educational qualifications are preferred for the Senior Associate role?

A finance, accounting, business, or similarly technical background is preferred, along with holding or working towards certifications like CSC, CFA, or other capital market-related designations.

What benefits does Wealthsimple offer for this position?

Wealthsimple offers competitive salary, top-tier health benefits, retirement savings matching, generous vacation days, wellness and professional development budgets, and opportunities for remote work, among other benefits.

How does Wealthsimple approach diversity and inclusion?

Wealthsimple is committed to building a diverse team to create products for a diverse world and strongly encourages applications from individuals regardless of race, religion, gender, sexual orientation, or other characteristics.

Is there an option for continuous learning and development in the company?

Yes, Wealthsimple offers up to $1,500 per year towards wellness and professional development, allowing employees to pursue growth opportunities.

How does the company support employees' well-being?

Wealthsimple provides company-wide wellness days off, unlimited sick and mental health days, and various Employee Resource Groups to promote inclusivity and support for all employees.

Will there be opportunities to interact with external counterparties in this role?

Yes, the role involves interacting with counterparties via email and calls to execute loans and recalls, and to establish relationships within the industry.