Operations Analyst, Middle Office –Solutions Settlements

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

About You:

• You have a Bachelor’s Degree or Community College diploma focused in Finance, Accounting, Economics and other quantitative subjects.
• 2+ years in Financial Services with an exposure to P&L reporting or Operation processing.
• Professional Accounting/Finance designation considered an asset (CFA, CPA).
• Inquisitive mindset, strong problem-solving skills and drive to learn.
• Knowledge of, or an appetite to learn about, financial instruments and the resulting real-world cash flows.
• Committed team player with excellent communication and interpersonal skills.
• Strong and confident English communication skills through e-mail and phone.
• Strong attention to detail and ability to multi-task.
• Adaptive, flexible style, and capable of working in a fast-paced, dynamic environment.
• Proficient in Microsoft Excel; advanced formulas, data analysis and macros an asset.

Our Benefits:

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

Your Role:

In this role, you will support client operations by verifying, reporting and processing activities on their behalf. Our clients are Investment Managers whom we provide time-sensitive services such as verifying and settling over-the-counter trades in the market, agreeing daily collateral calls across various counterparties, and moving money in and out of their account(s). Engaging our clients in a professional manner and providing dependable, timely reporting are keys to success in this role.

• You will process daily payments via internal payment system.
• Verify and confirm OTC Derivative settlements and agree amounts with counterparty.
• Track daily payments and send out reminders to ensure counterparty cutoffs are met.
• Call relevant counterparties for receipts and processing via internal payment system.
• Liaise with various counterparties to verify payment details.
• Prepare end of day transaction reports to circulate to clients and internal departments.
• Produce timely and accurate financials or reports.
• Set-up and maintenance of Standard Settlement Instructions (SSI’s) in internal systems.
• Collaborate both internally with other departments and externally with our clients in a proactive manner to actively improve our overall deliverable.
• Support Account managers in rolling out new operational processes.
• Work on special projects, as needed.
• Work both internally and externally with stakeholders in a professional manner.
• Monitor group mailbox for wire requests and ensure properly flagged to action.
• Review and coach junior staff; assist in the resolution of day-to-day issues.