Senior Reconciliation Analyst

CI Financial; Toronto; On-site; CAD 55,000 - 95,000; Full time

Benefits offered by this job

Health insurance coverage

Wellness programs

Retirement savings plans

Paid leave programs

Education-related programs

Paid holidays

Job summary

CI Financial seeks a Senior Reconciliation Analyst to join a team responsible for daily cash and asset reconciliations, ensuring the book of records aligns with banks, depositories, and counterparties. You will help implement a new reconciliation platform and define a TOM to enhance accountability across the process.

The role emphasizes control framework maintenance, stakeholder collaboration, and KPI reporting, with a base salary and benefits package reflecting 5+ years of relevant experience.

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field; professional certifications (e.g., CPA, CFA) are an asset.
• Advanced Excel skills and proficient VBA skills.
• 5+ years of experience in reconciliations, financial operations, or a similar function within financial services.
• Strong understanding of reconciliation processes (cash and asset – exchange traded, Mutual Funds), and operational controls.
• Experience working with depository systems such as CDS & DTC would be an asset.
• Experience with implementing or upgrading reconciliation platforms and systems is a strong asset.
• Excellent problem-solving and analytical skills, with attention to detail.
• Strong interpersonal and communication skills, with the ability to collaborate effectively with stakeholders at all levels.
• Canadian Securities Course, IFIC, PFP and other industry courses would be an asset.

Responsibilities

• Prepare and reconcile cash and asset accounts daily, including transactions and positions across book of records, banks, depositories (CDS/DTC), and various other third party counterparties.
• Investigate and resolve discrepancies promptly to minimize risk and ensure operational accuracy.
• Monitor and manage outstanding breaks, escalating issues when necessary.
• Monitoring trends and working with internal and external stakeholders to address the underlying root causes.
• Assist in maintaining a sound control framework to support the reconciliation process and mitigate risk.
• Assist in regularly reviewing processes to identify and implement enhancements to improve efficiency and reduce errors.
• Support the implementation of a new reconciliation platform, including defining requirements, testing, and rollout and training.
• Assist in the implementation of a new Target Operating Model (TOM), ensuring clear accountability, defined roles, and responsibilities across the reconciliation process.
• Aid in the collaboration with internal and external stakeholders to ensure seamless integration with existing systems and processes.
• Help prepare regular reconciliation metrics and status updates to senior management.
• Track and report key performance indicators (KPIs) to monitor performance and process efficiency.

Skills

Excel

VBA

Analytical skills

Problem solving

Communication skills

Education

Bachelor’s degree in Finance/Accounting

CPA/CFA (asset)

Tools

CDS

DTC

Job description

At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so.

We are seeking a highly motivated and detail-oriented Senior Reconciliation Analyst who will be part of a team responsible for the daily reconciliation processes to ensure the integrity of our book of records, and the associated financial and operational controls. Our firm is undergoing an exciting transformation, and this role will also play a key part in driving that change. The successful candidate will be involved in supporting the implementation of a new reconciliation platform and the establishment of a new Target Operating Model (TOM) designed to enhance accountability , clarify roles and responsibilities, and optimize operational performance.

This individual will be part of a team of 3-5 reconciliation analysts and ensure that all cash and asset accounts are reconciled daily, with a focus on aligning our book of records with banks, depositories, and counterparties. This is a unique opportunity to contribute to the evolution of our operations while maintaining the highest standards of control and accuracy.

What You Will Do

• Prepare and reconcile cash and asset accounts daily, including transactions and positions across book of records, banks, depositories (CDS/DTC), and various other third party counterparties.
• Investigate and resolve discrepancies promptly to minimize risk and ensure operational accuracy.
• Monitor and manage outstanding breaks, escalating issues when necessary.
• Monitoring trends and working with internal and external stakeholders to address the underlying root causes.

Control Framework Management

• Assist in maintaining a sound control framework to support the reconciliation process and mitigate risk.
• Assist in regularly reviewing processes to identify and implement enhancements to improve efficiency and reduce errors.

Support the Manager of Reconciliation with the implementation of the New Reconciliation Platform

• Support the implementation of a new reconciliation platform, including defining requirements, testing, and rollout and training.
• Assist in the implementation of a new Target Operating Model (TOM), ensuring clear accountability, defined roles, and responsibilities across the reconciliation process.
• Aid in the collaboration with internal and external stakeholders to ensure seamless integration with existing systems and processes.

Reporting & Metrics

• Help prepare regular reconciliation metrics and status updates to senior management.
• Track and report key performance indicators (KPIs) to monitor performance and process efficiency.

What You Will Bring

• Bachelor’s degree in Finance, Accounting, or a related field; professional certifications (e.g., CPA, CFA) are an asset.
• Advanced excel skills and proficient VBA skills
• 5+ years of experience in reconciliations, financial operations, or a similar function within financial services.
• Strong understanding of reconciliation processes (cash and asset – exchange traded, Mutual Funds), and operational controls.
• Experience working with depository systems such as CDS & DTC would be an asset.
• Experience with implementing or upgrading reconciliation platforms and systems is a strong asset.
• Excellent problem-solving and analytical skills, with attention to detail.
• Strong interpersonal and communication skills, with the ability to collaborate effectively with stakeholders at all levels.
• Canadian Securities Course, IFIC, PFP and other industry courses would be an asset.
• Problem-solving and critical thinking
• Adaptability to change and technology-driven environments
• Strong organizational and prioritization skills

This role follows our in‑office work model and requires employees to be onsite four days per week to support collaboration and business needs.

The anticipated base salary range for this position is $55,000 to $95,000. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position is eligible for participation in a bonus program. In addition, The Company offers a variety of benefits to eligible employees, including health insurance coverage, wellness programs, life and disability insurance, retirement savings plans, paid leave programs, education-related programs, paid holidays and vacation time, and many others. Many of these benefits are subsidized or fully paid for by the company.

CI Financial is an independent company offering global wealth management and asset management advisory services through diverse financial services firms. Since 1965, we have consistently anticipated and responded to the changing needs of investors. We are driven by a commitment to provide individuals and institutions with the highest-quality investments and advice. Our commitment to the highest levels of performance means that whatever their position, CI employees must be comfortable in a fast-paced environment that will stretch them to tap into their highest potential. Employees with a healthy dose of ambition, a desire to commit to a curious mindset for continuous learning, and a willingness to go the extra mile thrive at CI.

A Supportive Environment for Success

We offer an in-office environment, competitive benefits, and a supportive workplace to help our employees thrive both personally and professionally.

What We Offer

• Modern HQ location within walking distance from Union Station
• Training Reimbursement
• Paid Professional Designations
• Employee Savings Plan (ESP)
• Corporate Discount Program
• Enhanced group benefits
• Parental Leave Top–up program
• Paid time off for Volunteering

We are focused on building a diverse and inclusive workforce.

CI Financial Corp. and all of our affiliates (“CI”) are committed to fair and accessible employment practices and provide reasonable accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, require this posting in an additional format, or require accommodation at any stage of the recruitment process please contact us at [e-mail], or call 416-364-1145 ext. 4747.