Analyst, Corporate Actions

5700 Yonge St, North York, ON M2M 4G3, Canada

Job Description

Questrade Financial Group (QFG), through its companies - Questrade, Inc., Questrade Wealth Management Inc., Community Trust Company, ThinkInsure, Zolo, and Flexiti, provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, insurance, real estate services, financial services and more. Questrade uses cutting-edge technologies to develop innovative products that give customers better, more affordable ways to take control of their money.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, with a hybrid working environment you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at QFG.

What’s in it for you as an employee of QFG?

• Health & wellbeing resources and programs
• Paid vacation, personal, and sick days for work-life balance
• Competitive compensation and benefits packages
• Work-life balance in a hybrid environment with at least 3 days in office
• Career growth and development opportunities
• Opportunities to contribute to community causes
• Work with diverse team members in an inclusive and collaborative environment

We’re looking for our next Analyst, Corporate Actions. Could It Be You?

The Analyst, Corporate Actions is responsible for processing voluntary and mandatory corporate action events, reviewing event bulletins and related materials, reconciling reorg control accounts and resolving any break that may arise. The position monitors, audits and measures in-house processes and third-party services against SLA’s and regulatory obligations, then reports on the results.

They act as the first and primary point of contact for third party administrative and supervisory employees.

They foster positive and productive relationships internally and with external third parties, as well as work collaboratively with all parties to effectively resolve issues.

Responsibilities include but are not limited to:

• Process voluntary and/or mandatory Corporate Actions accurately and in a timely manner, including event set-up, announcement and processing of various Corporate Actions events (e.g. tender offers, distribution, dividends, elections, rights offerings, proxy, consent offers etc.). This includes reconciling, monitoring and posting of payments to client accounts while also handling any related client inquiries.
• Investigate and resolve discrepancies or breaks within internal accounts.
• Effectively manage complex issues that require in-depth analysis in order to identify the root cause of the issue and to find an optimal solution for our client in a timely and accurate manner.
• Establish and foster positive and productive relationships with third party service providers (e.g. Broadridge and transfer agents).
• Be the Subject Matter Expert and provide reorg event information for Risk Department and Trade Desk.
• Maintain an up-to-date knowledge of tax-related issues affecting Corporate Actions.
• Process physical certificates for plan of arrangement and reorg, including research and coordinating with Issuers and/or third-party agents.
• Determine if FX is required and process appropriately.
• Check mandatory event payments that are paid every day.
• Point of contact for mandatory and voluntary claims on share following short positions.
• Respond to Qoffice tasks and email inquiries for investigations and resolutions.
• Assist the ATG team with conversion of securities.
• Book cheques for GIC (Guaranteed Investment Certificate) maturity.
• Retrieve and provide proxy related information as requested by CSS.
• Review any corporate action mail to ensure notices have been mailed to clients.
• Review pushout events.
• Review, monitor and take action on reorg events subject to 302 tax with Year End Department.
• Ensure individual and third-party clearing operation’s daily tasks are completed timely and provide signoff on check-in forms.
• Other ad-hoc reorg related tasks and duties, as assigned.

So are YOU our next Analyst, Corporate Actions? You are if you…

• Have 1-3 years of relevant work experience, ideally in corporate actions.
• Have a post-secondary degree/diploma preferably in Finance, Economics or related field.
• Have experience working in a clearing operations or back-office department.
• Have sound knowledge in one or more clearing operations functional areas.
• Have an understanding of regulatory requirements.
• Have excellent communication skills and strong relationship building skills.
• Have investigative and research skills and have an eye for details.
• Have the ability to read and interpret newsletters and company circulars, light math calculation.
• Have working to intermediate knowledge of excel or google sheets.
• Have proven analytical and reconciliation skills and experience.
• Have completed CSI course, including CSC, CPH exam.

Please note this role will be required to be in office 3 days a week.

Sounds like you? Click below to apply!

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At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.