Analyst, Entitlement Processing (12 month contract)
City : Montreal - 1190 av. des Canadiens-de-Montreal
Category : Full time
Industry : Technology & Financial Services
Employer : TMX Group
Venture outside the ordinary - TMX Careers
The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.
Ready to be part of the action?The primary focus of this role is to manage, analyze, monitor and disburse Entitlement and Mandatory Corporate Reorganization events, ensuring the timely and accurate payment to participant accounts at CDS. A strong commitment to providing customer focused service through positive interactions with the financial community is a must.
The Mandatory Corporate Changes Processing Analyst is responsible for; coordinating and managing all Entitlement and Mandatory Corporate action/reorganization events, timely submission of securities to Transfer Agents, Paying Agents and/or DTC, and the receipt of proceeds in a timely manner ensuring prompt payment to CDS Participants. The Corporate Changes Processing Analyst liaison’s and interacts with Participants, Depositary/Transfer Agents, Issuers, Lawyers, Underwriters, and Paying Agents in a cordial and professional manner to maintain effective coordination of the submission and payment processes.
Effectively manage and administer all upcoming Mandatory Distributions and Reorganization files ensuring that payment dates and letters of transmittal are identified and the pertinent dates for submission of securities and receipt of payment are established.
Ensuring all upcoming Entitlement and Mandatory event information is analyzed and understood prior to payment date and critical dates are diarized for appropriate action.
Interact with Issuers, Transfer and Paying Agents, US Depository, Corporate Legal Counsel and other sources to confirm/clarify any information, legal or processing requirements related to the Event files.
Coordinate timely delivery, balancing of securities and the receipt of funds with the Depositary and Paying Agent on all Mandatory Distributions and Reorganization events to ensure all Participants are paid according to established dates and audit/security standards.
Submit all required documentation and/or Securities to Transfer Agents in a timely manner ensuring accuracy of the terms of the Distribution/Reorganization event including; ISIN/CUSIP, rates, payable date and amount of submission.
Follow up with the Transfer Agent, Depository Agent, Paying agent, DTCC, and Issuers as deemed necessary to confirm/verify details of payment.
Verify and balance payment prior to releasing payments to participants.
Research, analyze and resolve discrepancies promptly.
Adhere to the strict unit deadlines for turnaround of related information.
Strict adherence to TMX procedures, audit requirements and internal control verification process.
Quick and decisive resolution of problems and discrepancies and escalation of all complex/critical issues to ensure senior management’s immediate action.
Check, prepare and submit the daily reports in a timely manner.
Recommend changes to existing processes, services and procedures to ensure we are meeting our customers’ needs and operating in an efficient and effective environment at all times.
2 - 3+ years’ experience in Reorganizations/Corporate Action and Entitlement processing functions preferred
A good understanding of Trade Settlement Procedures is highly recommended
Strong knowledge of the various PC software systems (Google Suite of applications, Excel, Internet etc.)
Proficiency in English language (oral and written) is essential for this role, as the employee will be engaging with both internal and external stakeholders who primarily communicate in English
Nice to haves:
Canadian Securities Course is an asset.
In the market for…
Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.
TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.