Job Description

Operations Control Services Specialist
 

Company Overview:

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.

For more information about Fidelity Clearing Canada, please visit https://clearing.fidelity.ca/ 

The Opportunity:

The Operations Control Services Specialist is a part of the Control Services department and will be trained on all functions of the department and rotate regularly. Members of the team are to ensure complete and accurate reconciliation of control accounts on a daily and monthly basis, all tasks associated with options clearing, and maintenance of the Security Master system. Each member of the team will be fully integrated and be able to perform all department functions.

The Control Services team is made up of the Reconciliation, Trade Corrections and Security Master departments. The department is responsible for daily and monthly reconciliation of clearing, broker, and control accounts. The area is also responsible for daily reconciliation and client support for options trading. Daily Security Master support and security pricing are also responsibilities under Control Services .

What You Will Do:

• Ensure all settlement clearing accounts are reconciled daily and breaks reported to the applicable departments for adjustments.
• Ensure all non-mutual fund depository ledgers are reconciled daily and breaks reported to the applicable departments for adjustments.
• Option accounts with the designated US options clearer are reconciled and cash balances are settled daily.
• Daily reconciliation and analysis of internal foreign exchange accounts and foreign currency accounts with the custodian
• Oversee the Operations reconciliation P&P in accordance with regulatory and internal requirements.
• Preparation of month end reporting of unresolved difference to the Finance department.
• Process position transfers/adjustments in the clearing corporations’ systems to align with the FCC back office books and records.
• Act as the FCC point person for security master related inquiries. Monitor the security master inbox for client processing requests, vendor inquiries and pricing files.
• Security pricing by manual process and file uploads. Understand and adhere to FCC’s pricing policy.
• Other duties as assigned

What We Are Looking For

• More than 5 years of relevant experience in operations within the financial services findustry
• Prior experience in brokerage and/or correspondent clearing and custody business is preferred
• Reconciliation of Settlement accounts and Broadridge Dataphile knowledge is an asset  

• Two-year post-secondary program

• Canadian Securities Course or IFIC certificate is an asset

The Expertise You Bring

• Strong organization skills with ability to multi-task
• Strong verbal and written communication skills
• Ability to work in a fast-paced work environment with strong attention to detail
• Strong analytical skills
• Works well in a team environment, as well as working independently on individual tasks
• Proficiency in MS Office an asset

Current work authorization for Canada is required for all openings.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [email protected].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

•    Canada's Top 100 Employers 
o    Greater Toronto's Top Employers 
o    Canada's Top Family-Friendly Employers 
o    Canada's Top Employers for Young People 
  
•    Great Place To Work® Certified 
o    Best Workplaces for Inclusion 
o    Best Workplaces for Mental Wellness 
o    Best Workplaces for Today's Youth 
o    Best Workplaces for Women 
o    Best Workplaces in Financial Services & Insurance 
o    Best Workplaces in Ontario 
o    Best Workplaces with Most Trusted Executive Teams 

•    LinkedIn Top Companies in Canada
  
•    Human Resource Director (HRD) - Best Place To Work 
o    HRD - 5-Star Benefit Program 
o    HRD - 5-Star Diversity & Inclusion Employer 

Designations
•    Canadian Compassionate Companies – Certified 
•    Benefits Canada's Workplace Benefits Award - Future of Work Strategy 
•    TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting 
•    Canadian HR Reporter's Most Innovative HR Team