Money Market Settlements & Confirmations Analyst

Infotek Consulting Inc.; Toronto; Hybrid; CAD 28.000 - 40.000; Vollzeit

Zusammenfassung

Infotek Consulting Inc. in Toronto, Ontario, is seeking a detail-oriented Money Market Settlements & Confirmations Officer for a 12-month contract with potential extension. The role is hybrid—2 days onsite and 3 days remote per week, with possible increase to 4 onsite days.

The position involves processing, confirming, settling, and reconciling money market transactions, including term deposits and term loans, in a fast-paced environment with cross-team collaboration.

Qualifikationen

• Bachelor's degree in Finance or a related field.
• Proven experience in banking back-office operations, settlements, or similar roles.
• Strong attention to detail and ability to multitask under pressure.
• Excellent written and verbal communication and customer service skills.

Aufgaben

• Process and monitor money market transactions with accurate trade processing and settlement.
• Verify and confirm transaction details with counterparties for accuracy and compliance.
• Manage settlement and clearing within currency-specific deadlines.
• Investigate and resolve discrepancies, settlement breaks, and failed trades.
• Liaise with front-office, reconciliation, cash management, clients, and counterparties to resolve issues.
• Monitor reports and follow up on pending items to prevent delays.
• Provide timely responses to inquiries and maintain audit-quality records.
• Ensure regulatory compliance and internal controls, and seek process improvements.

Kenntnisse

Banking back-office operations

Transaction processing

Reconciliation

Exception management

Attention to detail

Multi-tasking

Written and verbal communication

Customer service

Stakeholder management

Independent work

English fluency

Ausbildung

Bachelor's degree in Finance or related field

Tools

Microsoft Excel

Jobbeschreibung

Contract Duration: 12 months, with potential extension to 18 months

Location: Downtown Toronto, Ontario

Work Arrangement: Hybrid - currently 2 days onsite and 3 days remote per week, with the possibility of increasing to 4 onsite days in the future

Hourly Rate: $20-29/h (INC)

Schedule: Rotating weekly shifts, Monday to Friday:

• Early shift: 9:00 a.m. - 5:30 p.m. EST

Occasional work on Canadian statutory holidays is required, with holiday coverage shared on a rotating basis.

Position Overview:

We are seeking a detail-oriented, customer-focused Money Market Settlements & Confirmations Officer to join a financial services operations team. This individual will be responsible for the accurate and timely processing, confirmation, settlement, and reconciliation of money market transactions, including term deposits and term loans. The successful candidate will work in a fast-paced, high-volume environment, managing transaction exceptions, resolving discrepancies, and coordinating with internal teams and external counterparties to ensure all settlements are completed accurately and within established deadlines.

Key Responsibilities

• Process and monitor money market transactions, ensuring accurate trade processing, confirmation, and timely settlement.
• Verify and confirm transaction details with counterparties to ensure accuracy and compliance with established procedures.
• Manage settlement and clearing activities, ensuring transactions are completed within applicable currency-specific deadlines.
• Investigate and resolve transaction discrepancies, settlement breaks, rejected trades, and other exceptions.
• Liaise with front-office teams, reconciliation teams, cash management, clients, and external counterparties to resolve outstanding issues.
• Monitor reports, review transaction records, and follow up on pending items to prevent settlement delays and failed transactions.
• Respond to client, trader, and internal stakeholder inquiries via email, providing timely updates and effective issue resolution.
• Maintain accurate confirmation, settlement, and reconciliation records for audit and reporting purposes.
• Ensure compliance with regulatory requirements, internal controls, and established operational procedures.
• Identify opportunities to improve processes, operational efficiency, and accuracy.

Work Environment and Transaction Volumes

• Supports approximately 1,500 transactions daily across multiple international markets, including North America and Europe.
• Works with different currency-specific settlement deadlines and time-sensitive processing requirements.
• Requires strong prioritization, multitasking, and attention to detail in a deadline-driven environment.
• Works independently while collaborating with a team to ensure daily processing targets and settlement deadlines are met.
• Required equipment will be provided.

Required Qualifications and Experience

• Approximately 2-3 years of experience in banking back-office operations, settlements, clearing, or a similar financial services operations role. Candidates with at least 1-2 years of relevant experience may also be considered.
• Bachelor's degree in Finance or a related field of study.
• Experience with transaction processing, trade settlements, reconciliation, exception management, or discrepancy resolution.
• Strong attention to detail and the ability to manage multiple priorities under pressure.
• Excellent written and verbal communication skills.
• Strong customer service and stakeholder management skills.
• Ability to work independently and collaborate effectively with internal and external teams.
• Fluency in English.

Preferred Qualifications

• Experience in Canadian banking or financial services, particularly within settlements or operations.
• Exposure to money market products, term deposits, term loans, treasury operations, or capital markets.
• Experience handling trade confirmations, settlement monitoring, cash reconciliations, or failed transactions.
• Proficiency in Microsoft Excel.
• Experience working in a high-volume transaction processing environment.

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