Operations Analyst, Middle Office

The Citco Group Limited; Halifax; On-site; CAD 50,000 - 70,000; Full time

Job summary

Citco is a global leader in fund services and related asset services, with a core Middle Office team delivering award-winning services for complex fund structures. You will engage with clients, auditors and third parties to ensure accurate reconciliations, P&L verification, and risk reporting while supporting new business launches.

Ideal candidates have a Bachelor’s or Diploma in investments or accounting, strong Excel skills, and a proactive, deadline-driven mindset to thrive in a fast-paced

Qualifications

• Bachelor’s Degree or Community College Diploma focused on investments or accounting (an asset).
• Inquisitive mindset, strong problem solving skills and drive to learn.
• Knowledge of financial instruments such as Common Stock, Bonds, Options, Futures, Forwards, Swaps, and other products.
• Experience working in a professional, deadline driven environment an asset.
• Proficient in Microsoft Excel; advanced formulas, data analysis, and macros.
• Good English communication skills.

Responsibilities

• Reconcile client transactions with third party data to ensure records are accurate.
• Identify and resolve issues in third party reconciliations to maintain portfolio integrity.
• Understand the reconciliations production process.
• Liaise with clients and third parties to resolve discrepancies.
• Support month-end signoff packages for positions, trades and cash.
• Understand financial instruments to verify correct P&L and risk reporting.
• Collaborate with peers and share best practices.
• Support launch or conversion of new business.
• Maintain positive relationships with clients and Citco offices.
• Contribute to continuous improvement of operating systems and controls.

Skills

Problem solving

English communication

Financial instruments awareness

Deadline-driven experience

Advanced Excel

Education

Bachelor’s Degree or Community College Diploma in investments or accounting

Tools

Microsoft Excel

Job description

JOB DESCRIPTION

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About The Team & Business Line

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Middle Office team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Responsibilities

Your Role:

• You will encompass direct contact and collaboration with our clients, external auditors and third party stakeholders, and internal functions of our operations such as Reconciliations. The Reconciliations function is responsible for reconciling client transactions to third party data, to ensure the integrity and accuracy of the records.
• Identify and resolve issues described in the third party reconciliations, to ensure that the portfolio is maintained (cash flows and security updates), and that any residual risk is captured and signed off prior to production of financial statements
• Understand the fundamentals of the reconciliations production process
• Proactively resolve issues between Citco and broker/counterparty records by liaising with clients and third parties
• Perform internal control procedures as part of the compilation of auditable month-end signoff packages to support positions, trades and cash prior to handing off to other operational groups
• Understand financial instruments in order to verify correct security setups and ensure proper P&L capture and risk management reporting
• Collaborate with and share knowledge and best practices with peers
• Support the launch or conversion of any new business
• Maintain positive and professional relationships with clients and other Citco offices
• Contribute to the continuous improvement and enhancement of operational systems and associated controls and procedures

Qualifications

About You:

• You have a Bachelor’s Degree or Community College Diploma focused on investments or accounting (an asset).
• Inquisitive mindset, strong problem solving skills and drive to learn
• Knowledge of, or an appetite to learn about, financial instruments such as Common Stock, Bonds, Options, Futures, Forwards, Swaps, and other products
• Experience working in a professional, deadline driven environment an asset
• Proficient in Microsoft Excel; experience with advanced formulas, data analysis, and macros an asset
• Good English communication skills

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection