Trust Account Analyst

Permanent Full Time

As a member of the Trust and Settlement team, the Trust Account Analyst operates in a fast-paced environment with ties to both Financial Operations and Quadrus Investment Services Ltd. The Trust and Settlement team is responsible for settlement of all client trades, as well as reconciliation of individual client trust accounts. As a senior member of the Trust and Settlement Team, the Trust Account Analyst role requires in-depth knowledge of the Mutual Fund industry, a solid understanding of Quadrus Policies and Procedures and a background in Finance / Accounting. The incumbent must be able to work well independently with limited direction, as well as in a closely knit team environment.

What will you do:

• Investigating Client Trust Account and Cash Account balances
• Through a solid understanding of trade settlement processes and the detailed flow of client funds through numerous Quadrus bank accounts, work directly with a variety of internal stakeholders, including: Quadrus Admin, Client Cash Management, Accounting, Tax Reporting, Compliance, etc to resolve complex issues relating to client accounts.
• Develop and maintain strong relationships with the above-mentioned stakeholders to ensure issues are dealt with accurately and efficiently, within company and regulatory standards.
• Routinely handle funds for trade adjustments as well as NSF recoveries
• Review trade settlement queues and generate associated Cash Account activity.
• Involvement with projects which have a direct impact on the Trust and Settlement area.
• Business Analyst / System Testing functions as required.
• Identify, document and track system defects, act as a liaison to the Business Systems Support Team to have these defects investigated/ resolved.
• As a senior member of the Trust and Settlement team, develop an in-depth understanding of the functions of all roles on the team to provide leadership, training and support for other team members as required.
• Assisting in providing auditors (MFDA, CIRO, Deliotte and internal) with the necessary requirements.
• Deposit and Settlement of ETF’s and processing for monthly fees.
• Investigating and accepting A$M payable and receivables.
  
  

What will you bring:

• Preference will be given to candidates with working knowledge Quadrus’ business processes.
• In depth understanding of the Mutual Fund and Segregated Fund Industries is required.
• Familiarity with MFDA and CIRO rules and regulations
• Post secondary education, preferably with a background in Finance or Accounting.
• Superior analytical skills with the proven ability to multitask is a must.
• Demonstrates initiative and posses a strong willingness to learn.
• Ability to recognize when to escalate issues.
• Proven ability to excel when faced with ambiguous and unstructured situations.
• Professional and approachable with an emphasis on collaborative working relationships.
• IFIC or Canadian Securities Course is an asset.
  
  

The base salary for this position is between $46,200 - $ 69,300 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact [email protected].

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.