Settlements Administrator

Fidelity International; Toronto; Hybrid; CAD 36,000 - 41,000; Full time

Benefits offered by this job

Flexible working arrangements - 100% 0

Hybrid, remote and in-office options

Health benefits start day one

Job summary

Fidelity Clearing Canada (FCC) seeks a Settlements Administrator on a contract basis through September 2027. The role is hybrid with Toronto base (483 Bay Street) and eventual move to Mississauga.

You will settle trades via CDS, DTC, Citi-Direct and FedWire, ensuring timely delivery against payment and risk controls. Key duties include trade matching, intra-day reporting, and coordinating with internal teams and external counterparties.

Qualifications

• 1–2 years in operations or client services in financial services.
• Knowledge of brokerage operations is a plus.
• 2-year post-secondary completion or equivalent work exp.
• CSC/CSI courses are an asset.
• Experience with security settlements depositories is beneficial.

Responsibilities

• Settle trades via electronic settlement systems (CDS, DTC, Citi-Direct, FedWire).
• Deliver securities against payment to satisfy contracts.
• Communicate with internal partners, clients and counterparties.
• Match and compare trades across systems (Dataphile, CDS, DTC, Citi-Direct, FedWire).
• Report unmatched trades intra-day and allocate positions between CDS/CNS and DTC/NSCC.
• Coordinate with securities lending for required positions and issue buy-in notices.

Skills

MS Excel

Customer service

Independent worker

Adaptable under pressure

SLOs and KPIs

Regulatory knowledge

Written and verbal communication

Analytical thinking

Prioritization

Education

Two-year post-secondary program or equivalent

CSC or CSI course asset

Tools

Dataphile

Job description

Job Description

Please note: This is a CONTRACT OPPORTUNITY until September 2027. This role is designated as \"Hybrid\" as per Fidelity Canada’s Dynamic Working Policy. Current Work Authorization is required for all openings. The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.

What We Do

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://clearingcanada.fidelity.com/

Business Overview

The FCC settlements department ensures timely settlement and reporting of all trades processed through our books and records. The department as a whole is responsible for managing the settlement process of CAD and USD trades through the main depositories, CDS and DTC, as well as international trade settlement through our foreign custodian and physical securities processing and handling.

What You Will Do

• Reporting to the Manager, Settlements, the Settlements Administrator is responsible for settling trades via electronic settlements systems, including the Canadian Depository for Securities (CDS), The Depository Trust Company (DTC) and through our foreign custodian (Citi-Direct) as well as FedWire.


• Settlements involves the delivery of securities and the corresponding payment.


• Securities are delivered against payment of money to fulfill contractual obligations, such as those arising under securities traders.


• The Settlements Administrator communicates with Fidelity Clearing Canada internal partners, our clients and counterparties.


• By working with these key stakeholders, we achieve accurate and timely processing while mitigating risk to all involved.


• Compare and match trades that are posted in Dataphile vs. what appears in CDS, DTC, Citi-Direct and FedWire.


• Report unmatched or failing trades intra-day to the correspondents.


• Allocate required security positions between CDS/CNS and DTC/NSCC as required.


• Communicate with the securities lending department regarding positions required for deliveries.


• Prepare and distribute buy-in notices to correspondents regarding client short positions that are required for delivery.


• Ensure instructions are in place with foreign custodian as well as with Fed Wire custodian as Required.


• Inquire with clients and/or counterparties as to the reason behind trades which are either unconfirmed or DK'd (Don't Know).


• Respond timely to verbal or written client requests.


• Intake and distribution of incoming mail, couriers and faxes.


• Retrieval of sensitive documentation from our client firms and secured vault located in the downtown core.


• Create and distribute reports to clients and management.

What We Are Looking for

• 1 to 2 years’ experience in operations and/or client services roles within the financial services industry, preferably in brokerage, and/or in the correspondent clearing and custody business.


• Knowledge of various operational in brokerage functions is an asset.


• 2-year post-secondary program completion or equivalent work experience.


• Completion of industry courses such as CSC or operations related course offered by the CSI would be an asset.


• Experience with Security Settlement depositories is an asset: DTC/CDS or Arrow.


• Knowledge of buy-in process is an asset.


• Broadridge Dataphile knowledge is an asset.

What You Bring

• Excellent MS Excel skills and proficient with the MS Office environment.


• Strong customer service skills, with ability to build credibility and rapport to gain customer confidence.


• Attitude to thrive in a fast paced, challenging, team-oriented environment.


• Ability to work independently in a fast-paced environment.


• Strong knowledge of department-related processes and tasks including SLOs and KPIs.


• Experience with rules and regulations in operations teams for respective team.


• Proven written and verbal communication skills.


• Strong analytical skills and adept at problem-solving.


• Flexible, able to manage competing priorities effectively.

Some of the ways we’ll help you feel valued and supported as part of our team

• Flexible working arrangements - 100% remote, hybrid, and in office options


• Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you


• Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $5000 annually for mental health services and therapy


• Parental leave top-up to 100% of your salary for a period of 25 weeks


• Up to $650 for home office equipment


• Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice


• Diversity and inclusion programs, including an active network of Employee Resource Groups


• Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation

Hourly Rate

This contract role offers a flexible, hourly compensation model that reflects your expertise and the value you bring. The hourly rate ranges from $26.00 to $30.00, based on experience and qualifications. We offer market-aligned rates that recognize the specialized skills and agility required for this role. We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.

Recruitment Process

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.

Accommodations

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].

Privacy

Fidelity respects the privacy of your information.