Credit Officer (contract)

Richardson Wealth; Toronto; On-site; CAD 60,000 - 65,000; Full time

Job summary

Richardson Wealth is seeking a Credit Officer to join a tight-knit team to monitor, review, and approve daily retail credit requests and transactions while ensuring compliance with regulatory requirements and firm policies.

This contract role offers exposure to a broad range of banking operations including wire transfers, capital calls, DAP/RAP, stock options, donations, journal entries, and daily delinquent cash reporting.

Qualifications

• Knowledge of Securities Industry; CSC considered.
• Proficiency in Microsoft Office (Outlook, Excel, Word).
• Experience with Dataphile is desired.
• Strong verbal and written communication skills.
• Strong problem solving and analytical ability.
• Excellent time management and prioritization skills.

Responsibilities

• Review, approve, and administer cheque/EFT withdrawals and wire transfers, including on margin (within approved limits).
• Handle third party payments, security withdrawals, and capital calls.
• Process DAP/RAP transactions and stock options/warrants exercises.
• Handle charitable donations and journal entries (moving cash/securities).
• Process write-offs, interest adjustments, and daily delinquent cash account reporting.

Skills

Strong communication

Analytical ability

Time management

Prioritization

Education

Post-secondary degree/diploma or relevant job experience

Tools

Microsoft Office

Excel

Dataphile

Job description

About Us

As a leading Canadian wealth management organization, Richardson Wealth offers the personal touch of a boutique firm while delivering big results. With offices across the country, we are home to some of Canada’s best investment advisors. We’ve embarked on an exciting growth phase – a multi-year transformational journey to enhance our entrepreneurial, high-performing, advisor-centric culture.

Position Overview

The Credit Officer works with a small tight knit team of other Credit professionals to monitor, review, and approve daily retail credit requests and transactions submitted by the Advisor Teams, ensuring compliance with Regulatory requirements and Firm policies, and while avoiding unreasonable risk that may result in financial losses.

This is an existing vacancy.

Duties and Responsibilities

The Credit Officer reviews, approves, and/or administers:

• Cheque/EFT withdrawals and Wire transfers, including on margin (within approved limits)
• Third party payments
• Security withdrawals
• Capital calls
• Delivery or Receive Against Payment (DAP / RAP) transactions
• Stock options or warrants exercise
• Charitable donations
• Journal entries (i.e. moving cash and/or securities between accounts)
• Write offs
• Interest adjustments
• Daily delinquent cash account reporting and supervision
• Daily short reporting and supervision

Qualifications

• A good understanding of the Securities Industry (relevant job experience or completion of the Canadian Securities Course will be considered
• High proficiency in Microsoft Office, including Outlook, Excel, and Word
• Experience with Dataphile is desired
• Strong verbal and written communication skills
• Strong problem solving and analytical ability
• Excellent time management and prioritization skills

Education

• Post-secondary degree/diploma or relevant job experience

The expected annualized base salary range for this role is $60,000 - $65,000. This a contract opportunity. The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual’s skill, experience, education and training, and the consideration of internal equity.

Why Apply

Our firm is only as good as the people who work here. Our employees are exceptional because they combine in-depth expertise with enthusiasm, and empathy. From our front office talent to our colleagues behind the scenes, we have one focus: to ensure our people thrive here more than anywhere else. Are you innovative, self-driven, and client-centric?

If so, we’re ready to invest in you.

Richardson Wealth is an equal opportunity employer and committed to providing a diverse, equitable and inclusive environment. We are happy to meet your individual needs in keeping with the Canadian Charter of Rights and Freedoms and the Accessibility for Ontarians with Disabilities Act. Candidates may request accommodation at any point during the interview process.