Transfer Administrator (Fixed Term)

CI Financial Corp.; Toronto; Hybrid; CAD 34,000 - 59,000; Full time

Benefits offered by this job

Health insurance coverage

Wellness programs

Retirement savings plans

Paid leave programs

Education-related programs

Paid holidays and vacation time

Job summary

CI Financial Corp. is seeking a Transfer Administrator to ensure efficient in-kind or cash transfers to CI Investment Services or from CIIS, handling all registered and non-registered accounts.

The role requires 3+ years in a similar function within financial services, CSC/IFIC coursework, and strong knowledge of CDS, DTC, and NSCC platforms. It is an in‑office role with four days onsite per week and a base salary range to be determined.

Qualifications

• 3+ years in a similar transfer/operations role within financial services.
• Knowledge of registered and non-registered transfers and related documentation.

Responsibilities

• Ensure efficient transfer of client assets in cash or in kind to CI Investment Services (CIIS) or from CIIS to external institutions.
• Process Automated Transfer In/Out via ATON system within IIROC deadlines and adjudicate transfer documentation.

Skills

Financial services

Attention to detail

Communication

Time management

Education

CSC

IFIC Mutual Funds Course

Tools

CDS

DTC

NSCC

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.

WHAT YOU WILL DO

The responsibility of the Transfer Administrator is to ensure the efficient transfer of client account assets either “in kind” or “in cash” to CI Investment Services (CIIS) or from CIIS and doing so in a manner that meets all industry guidelines and deadlines. The role is responsible for the completion of all registered and non-registered account transfers; which include investments in Mutual Funds, stocks, bonds, money market positions (GIC’s) and cash transfers into CIIS.

Complete the movement of assets from other financial institutions into CIIS and assets from CIIS to external institutions. Ensure Manual Transfer requests / documentation is received in good order; signature guarantee the request and initiate the Transfer to the relinquishing institution. Complete Automated “Transfer In” and “Transfer Out” requests that flow through the Account Transfer Online Notification (ATON) system via the Canadian Depository System (CDS) by initiating or accepting the request on ATON within IIROC regulated deadlines. When necessary, research and input ISIN, cusip or Mutual fund codes on CDS/DTC and advise internal settlement department to release and segregate assets from appropriate depository. Follow-up on all outstanding Transfers IN requests that have aged at the 10; 15 and 20 business day timelines. Ensure all residual amounts are handled effectively allowing for account status to be closed. Communicate with external parties to confirm whether assets being received or delivered are permitted to be held, and that standing settlement instructions are acceptable prior to executing the Transfer IN / OUT. Complete and submit to relinquishing Trustees various registered transfer documentation relating to Locked IN Plans as well as RESP Plans which include Locked IN Agreements; RESP Transfer Forms A – B and C. Communicate with the Registered Products Team to ensure we fulfill CRA requirements prior to the delivery or receipt of registered assets. Research inquiries submitted by our Support team or Account Opening Help Desk (AOH) specific to pending Transfer IN / OUT requests received for processing within established SLAs. Manage internal email box (VB Transfer) to ensure all inquires are handled within the established service level expectations. Process cheques received relating to Transfer IN requests by depositing monies into the client account and update client notes section of assets received. Navigate and understand the DTC,CDS, terminals to help execute Transfer request. Keep up to date with any industry updates through portal notices around: depository platform changes, regulations and various status updates and availability of a wide variety of investments. Ensure such information is shared with internal and external parties as part of completing the Transfer process. Work on other ad-hoc duties / projects as needed (such as filing, assisting other functions within Operations as needed, etc.)

WHAT YOU WILL BRING

Minimum of 3+ years’ work experience in similar role or within financial services industry. Highschool diploma or equivalent; post-secondary education in Finance or Accounting, or a related field an asset. Completion of Canadian Securities Course (CSC), IFIC Mutual Funds Course, and/or other related industry education would be an asset. Must have a solid understanding of Mutual Fund or securities basics. Proficient with Microsoft Office applications, specifically Word, Excel, Access and Outlook. Strong working understanding of following: Canadian Depository for Securities (CDS), Canadian Derivatives Clearing Corporation (CDCC); National Securities Clearing Corporation (NSCC); Depository Trust Company (DTC). Excellent organization and planning skills. Excellent communication (written and oral) and interpersonal skills. Able to work well under pressure with demanding workloads in a deadline-oriented environment. Able to take initiative and work independently or in a team environment. Flexibility to work on varied projects and assignments outside of daily assigned tasks. High degree of accuracy and attention to detail. Ability to research issues and analyze information to problem solve issues. Must be flexible and able to work overtime during specific seasonal busy periods (i.e. Year End, RSP season).

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

This opportunity is for an existing vacancy with the company.

Salary

The anticipated base salary range for this position is $34,320 to $58,500. 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.

Benefits

• health insurance coverage
• wellness programs
• life and disability insurance
• retirement savings plans
• paid leave programs
• education-related programs
• paid holidays and vacation time
• many others
• 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.

CI Financial is an independent company offering global wealth management and asset management advisory services. 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.