Associate - Securities Lending Operations

Wealthsimple; Toronto; Remote; CAD 70,000 - 90,000; Full time

Job summary

A leading fintech company in Toronto is seeking an Operations Associate to manage securities lending processes. The role demands strong attention to detail, 3+ years of relevant experience, and proficiency in Excel. The successful candidate will have excellent communication skills, work closely with multiple teams, and contribute to client satisfaction while ensuring compliance. Benefits include competitive salary, health insurance, and remote work options.

Benefits

Competitive salary

20 vacation days

Wellness and professional development budgets

Qualifications

• 3+ years of experience required.
• Strong multitasking skills necessary.
• Strong attention to detail is needed.

Responsibilities

• Execute daily securities lending processes.
• Process returns from counterparties.
• Collaborate with various teams to ensure timely trade flow.

Skills

Experience at a broker-dealer, bank, capital markets firm, or pension fund

Strong technical skills in Excel, VLookup, pivot tables

Strong communication skills

Collaboration skills

Time management

Education

Background in finance, accounting, business or a related technical field

Tools

SQL

FIS Loanet

Job description

Overview

Your career is an investment that grows over time!

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 4 million users who trust us with more than $80 billion in assets. Our teams ship often and make an impact with groundbreaking ideas. We’re looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.

Wealthsimple Operations Associates own and scale processes intelligently, with analytics, grit, and grace. We manage billions of dollars, so the stakes are high. We want to deliver extraordinary experiences that meet our clients\' on-demand expectations, while being a compliance leader. At Wealthsimple, we are maker-owners, we believe that simple is better, and we do what\'s right for each client.

Responsibilities

• Join the Operations team, and work directly with our Manager, Securities Lending Operations, Trading Desk and other Operations Associates to execute on daily securities lending processes.
• Assist in maintaining positioning by processing returns from counterparties and supporting the loan recall process.
• Work to ensure timely loan and return settlement, and resolve related issues.
• Collaborate with traders, product managers, engineering and other operations teams to ensure effective and timely trade flow and settlement.
• Communicate with counterparties via email or on calls to execute on loans and recalls, and resolve discrepancies.
• Identify and resolve discrepancies in transactions.
• Perform daily and monthly reconciliation of records and assist with audit requests.
• Support front-office operations related to corporate actions and daily market movement.
• Support billing and month-end processes.
• Represent Wealthsimple in interactions with external counterparties and cultivate industry relationships.
• Support the development of operational procedures as we build out our Options business.
• Support the treasury team with cash movements, including billing.
• Support the onboarding of new counterparties.

What you'll bring

• Have 3+ years of experience working at a broker-dealer, bank, capital markets firm or pension fund.
• Are capable of operating within tight deadlines and possess good business judgment.
• Demonstrate strong multitasking and time management skills.
• Background in finance, accounting, business or a related technical field.
• Strong technical skills in Excel, VLookup, pivot tables (macro is a nice-to-have).
• Passion about technology, specifically fintech.
• Excellent organizational skills and attention to detail. Ability to manage multiple priorities and meet deadlines.
• Strong collaboration skills and a positive attitude.
• Bias for action and a strong sense of curiosity: 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.
• Interest in learning about the Securities Lending business.

Nice to have

• Securities lending background.
• Working towards CFA, FRM.
• Settlements background, experience with CDS(PTM) and DTCC.
• Experience with Arrow, Equilend, FIS Loanet.
• Proficiency in SQL and data analytics.

Why Wealthsimple?

• Competitive salary with top-tier health benefits and life insurance
• Retirement savings matching plan using Wealthsimple for Business
• 20 vacation days per year and unlimited sick and mental health days
• Up to $1,500 per year towards wellness and professional development budgets respectively
• 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
• Company-wide wellness days off scheduled throughout the year
• We’re a remote-first team, with over 1,000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!

Culture & Workplace

Read our Culture Manual and learn more about how we work.

Technology & Innovation

We believe the future belongs to those who innovate boldly. At Wealthsimple, every team member is expected to lean into new technologies, including AI, and tooling to rethink how we work, solve problems faster, and create even greater value. We\'re looking for people who are not just comfortable with change but energized by it. Our commitment is to build a company that evolves at the pace of the world around us, and we want you to help lead that future.

DEI & Accessibility

DEI: At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.

Accessibility: Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation.