Analyst, Mutual Fund, Security Master, and Physical - Toronto, Canada - Questrade Financial Group

Questrade Financial Group

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth.

As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits.

If you share the same sense of infinite possibility, come shape your future at Questrade.

What's in it for you as an employee of QFG?

Health & wellbeing resources and programs
Paid vacation, personal, and sick days for worklife balance
Competitive compensation and benefits packages
Hybrid and flexible work arrangements
Career growth and development opportunities
Opportunities to contribute to community causes
Work with diverse team members in an inclusive and collaborative environment

We're looking for our next Analyst, Mutual Fund, Security Master and Physical Securities. Could It Be You?

The purpose of the Analyst, Mutual Fund, Security Master and Physical Securities is to mitigate financial, regulatory and reputational risks by ensuring the SLA and regulatory compliance of third-party clearing operations services and in-house processes.

They work collaboratively to foster productive and positive relationships for the benefit of Questrade's clients and overall business operations.

What's it like working as Analyst, Mutual Fund, Security Master and Physical Securities at Questrade?

The Analyst, Mutual Fund, Security Master and Physical Securities is responsible for tasks in various subgroups within clearing operations, such as physical security processing, mutual fund clearing and settlement, maintaining security master, and other tasks as assigned.

The position monitors, audits and measures in-house processes and third-party services against SLA's and regulatory obligations, then reports on the results.

They act as the first and primary point of contact for outsourced back-office staff.

They foster positive and productive relationships internally and with third parties, and they work collaboratively with all parties to effectively resolve issues.

Need more details? Keep reading
Precious Metals

Review and book precious metals trades received from Trade Desk and dealers
Review and process all precious metals withdrawal requests received from clients.
Charge monthly storage fees to client accounts.
Act as the main contact for Product Support team and all administrative requests
Update daily house price for all precious metals
Administration/reconciliation of precious metals

Mutual Funds

Reconcile breaks from BPS (Broadridge) and Fundserv, contact other fund companies to understand the breaks and resolve the issues.
Add Mutual Fund to the system (ZMFS, ZMFR) in case of rejection notification for buy/redemption of funds.
Point of contact for other Mutual Funds companies, assist in resolution and dispute in case of early redemption
Assist and resolve mutual fund trade related issues
Reconcile Manual funds on a monthly basis with Broadridge.
Book cheques for Mutual Fund redemption
Monthly focus group meeting with Broadridge; resolving issues and improving system performance.

Security master maintenance (MSD)

Create private security for bonds, equity, rights and warrants
Add/update house price for bonds

Physical Certificates

Review and book all incoming Canadian, US and foreign physical certificates for new, existing and transferring clients
Prepare physical certificates for deposit to depositories (CDS/DTC/APEX)
Prepare physical certificates for splits and reregistration to transfer agents and/or bond issuers
Prepare physical certificates to transfer out (for Transfer Team)
Return any rejected physical certificates to clients or brokers
Review and initiate all DRS and DWAC (Direct Registration Statement / Deposit/Withdrawal at Custodian) deposits and withdrawals for clients
Remove and clean up all expired securities
Book all certificate fees related to requests
Conduct and organize a quarterly vault count of physical certificates
Maintain an uptodate log of all physical certificates received for audit
Prepare and provide backups for yearly audit

Other Functions