Settlement Service Analyst

Socket.dev; Vancouver; On-site; CAD 55,000 - 65,000; Full time

Benefits offered by this job

Health, dental & insurance benefits

Generous vacation time

Retirement program matching

Job summary

Aviso is seeking a Settlement Service Analyst to join our Vancouver-based Operations team. You will process and monitor inbound and outbound SWIFT messages, validate settlement instructions, and ensure timely settlement of foreign and domestic equity trades within CDS and DTC systems.

You will engage with brokerages and custodians, balance daily settlements, and help maintain settlement files. A collaborative, detail-focused approach is critical in a fast-paced, regulated environment.

Qualifications

• 2+ years' experience in an office environment, preferably in the securities industry with experience using Dataphile, CDS and DTC.
• 1-3 years' experience of SWIFT operations is an asset.
• CSC (Canadian Securities Course) or IFIC Operations course is an asset.
• Ability to work independently to achieve required objectives within company and regulatory requirements.
• Self-motivated and results driven.
• Strong administration skills with high attention to detail and accuracy.
• Proven ability to work well under pressure and in a fast-paced environment.
• Strong customer service orientation.
• Strong organizational, time management and decision-making skills.
• Fluent communication skills in English; bilingual skills in French are an asset.

Responsibilities

• Set up and match trades on CDS, Arrow or SWIFT within industry standards.
• Manage daily SWIFT message processing and ensure timely transmission and distribution of them to ingestible settlement instructions for trades to be booked and settled.
• Matching confirmations of trades done with other institutions.
• Interaction with counter parties to resolve unmatched or unprocessed trades.
• Ensure all trades are processed and settled within the required time frame.
• Balance and correct any outages in the day-to-day processing using the various reports from CDS and Dataphile systems.
• Interact with Brokerage Firms and Custodians to correct or confirm trades done or not matched.
• Maintaining, updating and tracking the failed trades and reasons for fails.
• Balance monthly statements from external sources.
• Follow the policy and procedures manual for the settlements team and create the process manual for SWIFT.
• Responsible for the tracking and maintaining of files relating to daily settlements and storage of such records.
• Work hours may vary due to industry demands or volume.
• Other duties as assigned and help others out when needed.

Skills

English fluency

Attention to detail

Customer service orientation

Time management

Organizational skills

Education

Post-secondary education in related field

Tools

Dataphile

CDS

DTC

Excel

Microsoft Office

Job description

The Opportunity:

We're looking for a Settlement Service Analyst to join our Operations team.

Reporting to the Operations Manager, the Settlement Service Analyst is responsible for processing and monitoring inbound and outbound SWIFT messages of transactions on the SWIFT platform. This role supports trading and operations by ensuring message obligations are met including validating settlement instructions.

The successful candidate will be responsible for the settlement of foreign and domestic equity trades within the CDS and DTC systems, including equity option settlements.

There may be a requirement to work on a statutory holiday or weekend.

Asoneaviso:

• We Care- Youdo the right thing forclients,partnersand colleagues. Youbuild trusted relationships,championservice excellence, andcontribute to a culture where people feel valued and supported
• We Dare-You challenge the status quo with bold ideasand fresh perspectives. Youembrace change, seek opportunities toinnovateand are comfortable exploring new ways of working
• We Share- Youcollaborate openlyand build meaningful relationships. Youseek outdiverse perspectives, share yourknowledgeand work together to helpcolleagues,clientsand partners succeed
• We Deliver- Youtake ownership of your work,honouryourcommitmentsand focus on delivering meaningful results.You hold yourself accountable and continuously look for ways to improve

What your day looks like:

• Set up and match trades on CDS, Arrow or SWIFT within industry standards
• Manage daily SWIFT message processing and ensuring timely transmission and distribution of them to ingestible settlement instructions for trades to be booked and settled
• Matching confirmations of trades done with other institutions
• Interaction with counter parties to resolve unmatched or unprocessed trades
• Ensure all trades are processed and settled within the required time frame
• Balance and correct any outages in the day-to-day processing using the various reports received from the CDS and Dataphile systems
• Interact with Brokerage Firms and Custodians to correct or confirm trades done or not matched
• Maintaining, updating and tracking the failed trades and reasons for fails
• Balance monthly statements from external sources
• Follow the policy and procedures manual for the settlements team and create the process manual for SWIFT
• Responsible for the tracking and maintaining of files relating to daily settlements and storage of such records
• Work hours may vary due to industry demands or volume
• Other duties as assigned and help others out when needed

Your experience and skills:

• Post-secondary education in a related field is an asset
• 2+ years' experience in an office environment, preferably in the securities industry with experience using Dataphile, CDS and DTC
• 1-3 years' experience of SWIFT operations is an asset
• Industry related certifications are not required, however successful completion of the CSC (Canadian Securities Course) or IFIC Operations course is an asset
• Ability to work independently to achieve required objectives within company and regulatory requirements
• Self-motivated and results driven
• Strong administration skills with high attention to detail and accuracy
• Proven ability to work well under pressure and in a fast-paced environment
• Strong customer service orientation
• Strong organizational, time management and decision-making skills
• Intermediate Excel and Microsoft Office knowledge
• Fluent communication skills in English are required and bilingual skills in French are an asset

Why Aviso?

At Aviso, you will find a dynamic and inclusive culture that rewards innovation and celebrates success.
Here are a few things that set us apart:

• Competitive compensation package that rewards and recognizes individual contributions
• Excellent health, dental and insurance benefits to meet the diverse needs of our employees
• Generous vacation time, fitness benefit, parental leave top-up options
• Matching contributions to our retirement program
• Commitment to the continuous improvement of our staff through learning & development and an education assistance program
• Regular social events to foster teamwork

Your Information

By submitting your application, you consent to the collection, use, and disclosure of your provided personal information for the purposes of assessing your qualifications and suitability for employment with Aviso. Your information will be handled in accordance with applicable Canadian privacy laws, including the Personal Information Protection and Electronic Documents Act (PIPEDA) and relevant provincial legislation. Your data may be shared with authorized personnel involved in the recruitment process and retained only as long as necessary to fulfill these purposes or as required by law.

Further information is available on the Privacy link on our Career Page - Privacy Policies

Equal Employment Opportunity

Aviso welcomes and encourages applications from all qualified individuals including persons with disabilities. If you require an accommodation, we will work with you to meet your needs in all stages of the hiring process.

We thank all applicants for their interest, however, only those selected for further consideration will be contacted.

No recruiters or agencies, please.

Company Overview:

Aviso is a leading wealth management and investment services provider for the Canadian financial industry, with approximately $145 billion in total assets under administration and management, and over 1,000 employees. We're building a comprehensive, technology-enabled, client-centric wealth services ecosystem. Our clients include our partners, advisors, and investors. We're a trusted partner for nearly all credit unions across Canada, in addition to a wide range of portfolio managers, investment dealers, insurance and trust companies, and introducing brokers. Our partners depend on Aviso for specific solutions that give them a competitive edge in a rapidly evolving, highly competitive industry. Our investment dealer and mutual fund dealer and our insurance services support thousands of investment advisors. Our asset manager, NEI Investments, specializes in investing responsibly. Our online brokerage, Qtrade Direct Investing® empowers self-directed investors, and our fully automated investing service, Qtrade Guided Portfolios®, serves investors who prefer a hands-off approach. Aviso Correspondent Partners provides custodial and carrying broker services to a wide range of firms. We have offices in Toronto, Vancouver, Montreal, and Winnipeg. Aviso is backed by the collective strength of our owners: the credit union Centrals, Co-operators/CUMIS, and Desjardins. We're proud to power businesses that empower investors.

A career with Aviso means being part of a group of talented, energetic professionals who live their values every day, and belonging to an organization dedicated to your success and career development. If you're looking for interesting and challenging work, at a company committed to its people, apply to join our team.

Salary

This position is posted with an expected salary range of $55,000 - $65,000 CAD annually. Individual compensation packages are based on various factors unique to each candidate and the requirements of the position.