Operations Representative (Banking)

Fidelity International; Toronto; On-site; CAD 49,000 - 76,000; Full time

Benefits offered by this job

RRSP contribution after 6 months

Job summary

Fidelity Canada is seeking an Operations Banking Representative to ensure efficient banking services and high-level client support. You will handle daily bank transactions, reconciliations, and payment processing across Canadian, USD and FX accounts, collaborating with multiple departments to resolve issues.

The role emphasizes accuracy, timely delivery, and strong customer service in a fast-paced financial environment.

Qualifications

• 2+ years in financial services, banking preferred.
• Reconciliation experience is required.
• Bloomberg knowledge is an asset.

Responsibilities

• Process incoming and outgoing funds including margin call, collateral, EFTs, and wires.
• Perform bank reconciliations for Canadian, USD and FX accounts.
• Collaborate with Ops, Credit, Compliance and Finance on payments and issues.
• Answer audit inquiries and liaise with banks to reconcile activity.

Skills

Reconciliation experience

Attention to detail

Fast-paced environment

Teamwork

Education

Bachelor's degree in Finance/Accounting/Economics or equivalent

CTP designation or accounting designation (asset)

Tools

Bloomberg

Kyriba

Job description

Who We Are

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.

For more information about Fidelity Clearing Canada, please visit https://clearing.fidelity.ca/

What You Will Do

The Operations Banking Representative is responsible for ensuring banking services are delivered in an efficient and cost-effective manner, providing a high level of service to both our internal and external clients.

This role is responsible for processing incoming and outgoing funds including margin call, collateral cash requirement, Type 4 and netting requirements, and new issue closing deals.

It is primarily focused on the General Ledger duties of banking department including bank and control account reconciliations, audit inquiries, deposits, and electronic payments.

This individual may be required to provide input to or participate in various projects and will perform other duties as requested:

• Create and maintain wire templates to ensure banking information is accurate
• Book daily bank transactions such as EFT credits/debits, deposits, incoming and outgoing payments
• Work with various departments in Operations, Credit, Compliance and Finance to manage EFT, PAC, and wire payments
• Responsible for the daily and monthly bank/control account reconciliation of Canadian, USD and FX accounts to ensure activities posted to both GL and client accounts in a timely manner, to enable most efficient use of funds, resolve all unmatched items including Kyriba rejected transactions, and review stale-dated cheques.
• Maintenance of Kyriba GL/budget code mapping
• Communicating with brokers as necessary, to resolve unmatched items on bank reconciliation and performing necessary investigation.
• Regular interaction with internal business units and banks/vendors to resolve payment/receipt queries and general banking system issues.
• Issue cheques, EFTs, wires, cheque deposits
• Maintain inventory of banking package to be distributed to clients
• Monitor payment file transmission to vendors/banks
• Upload positive bank files and conducts payee match exception review
• Responsible for billing file review and upload billing files to the Billing Management System
• Assign and coordinate trade settlement instructions on Bloomberg to ensure proper payment.
• Respond to audit inquiries in a timely manner, make calls to the bank directly to clarify adjustments or to clarify items on the bank statements in order to reconcile activity or properly code it; liaise with auditors to confirm bank balances as of a certain date
• Identify process improvement
• Deliver stellar quality customer service interactions to our internal and external customers to exceed their expectations and create a positive experience.
• Take ownership of solving a customer’s problem promptly; use all available resources to achieve the best outcome.
• Deliver seamless customer service through teamwork and collaboration.
• Demonstrate a strong sense of personal ownership and commitment to achieving meaningful short and long-term results.

What We’re Looking For:

• 2+ years of experience in the financial services industry, preferably in a banking role, required.
• Reconciliation experience is required
• Bloomberg knowledge is an asset
• Completion of a 3-year post-secondary education, preferably in Finance, Accounting or Economics, or equivalent work experience.
• CTP (Certified Treasury Professional), accounting designation, or equivalent is considered an asset

The Expertise You Bring:

• Strong knowledge of economic markets
• Ability to work with tight deadlines and a sense of urgency in a fast-paced environment
• Ability to work with a high degree of accuracy and attention to detail
• Ability to work well within a team and independently
• Good verbal and written communication skills, and ability to communicate well with internal departments, vendors, and clients

Total Rewards That Reflect Your Impact

Base Salary and Discretionary Performance Bonus: A competitive annual range of $49,000 to $76,000, based on your experience and qualifications. RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required. We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.

Equal Opportunity Employment

Fidelity Canada is an equal opportunity employer Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground. Accommodation during the application process Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [e-mail].

No telephone inquiries or agencies please.

Why Work at Fidelity?

• Canada's Top 100 Employers
• Greater Toronto's Top Employers
• Canada's Top Family-Friendly Employers
• Canada's Top Employers for Young People
• Great Place To Work® Certified
• Best Workplaces for Inclusion
• Best Workplaces for Mental Wellness
• Best Workplaces for Today's Youth
• Best Workplaces for Women
• Best Workplaces in Financial Services & Insurance
• Best Workplaces in Ontario
• Best Workplaces with Most Trusted Executive Teams
• LinkedIn Top Companies in Canada
• Human Resource Director (HRD) - Best Place To Work
• HRD - 5-Star Benefit Program
• HRD - 5-Star Diversity & Inclusion Employer Designations
• Canadian Compassionate Companies – Certified
• Benefits Canada's Workplace Benefits Award - Future of Work Strategy
• TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
• Canadian HR Reporter's Most Innovative HR Team

About Us

Fidelity Canada has become an employer of choice for talented people seeking rewarding career opportunities in the financial services industry. We look to hire outstanding individuals who want to maximize their potential and be challenged in all aspects of their professional careers. To help our employees excel in their roles at Fidelity, we provide everyone here with the best training, resources and support possible throughout their careers. With our help, there’s no limit to what you can accomplish here. We’re excited you’re considering Fidelity for your career plans.

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Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [e-mail].

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