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$75k–$85k/yr
Full-time
postgraduate degree
Annual Performance Bonus
Posted 1d ago
~40 hrs/week
Responsibilities
The role involves reconciling cash, transactions, holdings, and derivatives while investigating breaks and resolving discrepancies with custodians and prime brokers. Additionally, the analyst will support audits, participate in process automation, and manage month-end account reconciliations.
Requirements
Candidates must have a postgraduate degree in Finance or Business and at least 4 years of experience in investment operations and reconciliation. Proficiency in Microsoft Excel and a strong understanding of capital markets and derivatives are required.
Full job description
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.
What You Will Do
Reconcile various items, including but not limited to: cash, transactions, holdings, futures, various derivative products, dividends, soft dollars, units, and alternative investments.
Knowledge on investigation of the various reconciliation breaks due to shareholder activities, income discrepancies, corporate action breaks, failed trades or derivative breaks.
Knowledge of various research platforms like Bloomberg or Reuters, etc.
Experience of navigating custodian websites for extracting cash and holdings reports
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.
Knowledge of Advent APX and SS&C RECON applications are beneficial, but not required.
Knowledge of capital markets, derivatives, securities, and corporate actions.
What You Bring
You have a postgraduate degree in Finance, Business Administration or a related field.
You have a 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.
You can articulate yourself clearly through both verbal and written mediums and work well with others to resolve complex issues.
You have the ability to think rationally, and problem solve effectively. Demonstrated experience in process improvement initiatives, developing and automating processes is beneficial.
You have a proven ability to problem solve in situations with less than complete information. You demonstrate strong analytical skills, ability to analyze situations, diagnose problems, and develop proactive solutions. You are proficient with Microsoft Office (Excel) and computer literate.
You have a thirst for knowledge and lifelong learning. You have the ability to learn quickly and take responsibility for own learning and development.
You are committed to contributing and supporting a team of like-minded individuals who are driven and have high standards. Everyone you have worked with has wonderful things to say about you.
You are a sharp, ambitious, and enthusiastic person who will seek to improve existing processes and help to implement creative solutions. You are a “go-getter”.
The salary range for this position is $75,000-$85,000. The salary range provided reflects the base salary range for this position as required by legislation. In addition, there is an annual performance bonus which contributes to the total compensation for this position. Further questions may be directed to the HR team during the interview process.
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For a closer look at how you can build your career with us, we invite you to explore cclgroup.com.
CC&L Financial Group is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, religion, sexual orientation or expression, disability, or age.
Your application will be reviewed by a member of the hiring team - AI is not used in the screening, assessment or selection of applications at this time.
At Connor, Clark & Lunn Financial Group, we understand the value of opportunity for both our clients and our team. Independent and employee-owned, we partner with investment professionals to grow successful asset management businesses, giving them the space to innovate and truly make an impact.
With more than 40 years of history and offices across Canada and in the US, the UK and India, CC&L Financial Group and our multi-boutique family of affiliate firms manage over C$179 billion in assets and offer a diverse range of traditional and alternative investment products and solutions to institutional, high-net-worth and retail clients.
A career here can look different for everyone, but every path is rooted in our commitment to invest in our greatest asset – you. We prioritize community, personal growth and recognition to create an environment where you can thrive. For more information on building your career with us, visit our website.
Offices: 130 King St W, Suite 1400, PO Box 240, Toronto, Ontario M5X 1C8, CA · 1800 McGill College Avenue, Suite 1300, Montreal, Quebec H3A 3J6, CA · 1111 West Georgia Street, Suite 2300, Vancouver, British Columbia V6E 4M3, CA · Southwest House, 11a Regent Street St James’s, London, England SW1Y 4LR, GB · Signature Tower III, Tower C, 4th Floor, Sector 15, Part II, Gurugram, Haryana 122001, IN
Representative clients: institutionspension fundsmutual fundsfoundationsprivate clientsand financial advisors. Multi-boutique investment strategies covering all major assets classes and styles - both Canadian and global.
At Connor, Clark & Lunn Financial Group, we understand the value of opportunity for both our clients and our team. Independent and employee-owned, we partner with investment professionals to grow successful asset management businesses, giving them the space to innovate and truly make an impact.
With more than 40 years of history and offices across Canada and in the US, the UK and India, CC&L Financial Group and our multi-boutique family of affiliate firms manage over C$179 billion in assets and offer a diverse range of traditional and alternative investment products and solutions to institutional, high-net-worth and retail clients.
A career here can look different for everyone, but every path is rooted in our commitment to invest in our greatest asset – you. We prioritize community, personal growth and recognition to create an environment where you can thrive. For more information on building your career with us, visit our website.
Offices: 130 King St W, Suite 1400, PO Box 240, Toronto, Ontario M5X 1C8, CA · 1800 McGill College Avenue, Suite 1300, Montreal, Quebec H3A 3J6, CA · 1111 West Georgia Street, Suite 2300, Vancouver, British Columbia V6E 4M3, CA · Southwest House, 11a Regent Street St James’s, London, England SW1Y 4LR, GB · Signature Tower III, Tower C, 4th Floor, Sector 15, Part II, Gurugram, Haryana 122001, IN
Representative clients: institutionspension fundsmutual fundsfoundationsprivate clientsand financial advisors. Multi-boutique investment strategies covering all major assets classes and styles - both Canadian and global.