Jefferies Financial Group

AVP, Settlements Operations - Toronto

Jefferies Financial Group • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
4 weeks ago
Job Overview by Ladders

Qualifications

  • 5+ years of experience in settlements/operations
  • Knowledge of trade processing, matching, and settlement in Canadian (CDS) and US (DTC) markets
  • Experience in handling dual listed securities across US/Canada
  • Familiarity with middle and back office operations concerning international securities
  • Proficient with Broadridge products such as GLOSS and BPS
  • Awareness of CIRO regulations and ability to navigate local rules
  • Prior experience in supporting institutional clients and trading flows.

Responsibilities

  • Build strong relationships with the agent bank network, trading desk, and corporate partners
  • Manage client experiences, addressing issues before and after trades in collaboration with peers
  • Oversee daily settlement tasks within both Canadian and US Markets
  • Escalate client and operational issues to management as necessary
  • Ensure on-time reporting and settlement of trades with prompt issue resolution
  • Act as the intermediary for the Canadian broker dealer and various operational teams
  • Collaborate with the Securities Finance team to meet borrowing and financing requirements
  • Analyze trade flows for opportunities to enhance operational efficiency
  • Participate in industry forums to stay updated on rule changes
  • Support audits and regulatory reviews related to Operations
  • Contribute to firm-wide projects influencing Canadian and US markets.

Benefits

  • Opportunities for professional development and growth
  • Exposure to dynamic markets and diverse teams
  • Involvement in significant industry projects
  • Access to industry forums for networking and learning
  • Collaboration with various operational and corporate teams.
Full Job Description
Job Description

In this position, you will be handling and/or supervision of day-to-day transactions as it related to the Canadian broker dealer activity including, but not limited to syndicate support, pre-matching, and fails management.

Responsibilities:
  • Build relationships with our agent bank network, trading desk, and internal corporate partners as we continue to grow and expand our business offerings
  • Manage and provide excellent client experience as it relates to internal and external client inquiries, and resolution of transactional issues pre and post trade in partnership with Middle and Front Office peers
  • Responsible for daily settlement functions within the Canadian and US Markets
  • Escalate client issues and business risk on operational matters to management
  • Ensure timely settlement and reporting of all trades, timely resolution of breaks, and escalation of issues as needed.
  • Acting as the liaison for the Canadian broker dealer, partner with various operational and corporate teams to resolve as it relates to ticketing, pre-matching, and settlement (i.e. Account Opening, Corporate Actions, Dividends, Compliance, Finance etc.).
  • Work with Securities Finance team to facilitate borrowing and financing needs
  • Analyze trade flows to detect operational and cost efficiency opportunities
  • Join Canadian industry forums to bring awareness of changes to rules, regulations, etc.
  • Help with internal and external audits, and regulatory reviews as it relates to Operations
  • Be involved in firm-wide projects and initiatives that impact Canadian and US markets by working with project teams, stakeholders, other business owners to identify requirements, provide specs and test new functionality
  • Perform other responsibilities as needed across Operations/Settlements

Requirements/Skills/Expertise:
  • 5+ years of experience in settlements/operations required
  • Experience with processing, matching, and settling trades in the Canadian market (CDS) and US market (DTC) required, CDS self-clearing and DTC self-clearing experience a plus
  • Experience supporting dual listed securities across US/Canada required, supporting other international depositories a plus
  • Experience working across middle and back office supporting international securities preferred
  • Experience with Broadridge products preferred (GLOSS and BPS)
  • Experience with local regulator (CIRO) and understanding of local rules/regulations a plus
  • Experience supporting institutional client and firm trading trade flows a plus


About Jefferies Financial Group

Jefferies Financial Group Inc. is a diversified financial services company that operates in investment banking, capital markets, asset management, and direct investing. The company was founded in 1962 and is headquartered in New York City. Jefferies Financial Group has operations in over 30 countries and employs over 4,000 people. The company's businesses include Jefferies, a global investment bank; Leucadia Asset Management, an asset management firm; and Berkadia, a commercial real estate company. Jefferies Financial Group is publicly traded on the New York Stock Exchange under the ticker symbol JEF.
Learn more about Jefferies Financial Group
Size
4,400 employees
Market Cap
$8 billion
Industry
Finance & Insurance
Net Income
$775.2 million
5 Year Trend
-9.8%
Revenue
$6.7 billion
* Ladders Estimates

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