Custody Associate

Toronto, Canada

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

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.

As a core member of our Custody Services team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Your Role:

As a Custody Associate, you will work towards the smooth running of the custody team to achieve high standards of productivity, quality and morale within the department. If assigned to one of the client teams, the custody associate’s job will require them to work closely in four key areas: Corporate Actions, Reconciliations, Settlements and Pricing, and Data Gathering.

• You will process outgoing payments for fund activity, execute trades and transfer settlements.
• Process corporate action share and cash events promptly and accurately
• Identify reconciliation breaks and instruct the proper department on the corrective action to be taken
• Validate the statements and prices relating to external positions, and rectify any resulting errors
• Process incoming transfer requests from clients and respond to all related internal and client-related queries
• Assist with User Acceptance Testing, as and when required, and liaise with Business/QA Analyst
• Assist and support supervisors on new fund setups and migrations across existing and new clients
• Ensure that EOD checks are completed on a daily basis
• Control and authorize all processing work completed on our custody systems including, but not limited to, share and cash bookings, client trades, pending prices, and contract note matching

About You:

• You have a University degree or College diploma.
• Must have 1-3 years’ experience within the financial services industry ideally in operations/back office environment
• Assets:

• A good understanding of Financial Markets/Funds Business
• Previous custody/transfer agency experience working with another administrator

• Key Competencies:

• Proficient knowledge of Microsoft office applications
• Strong communication skills, both verbal and written, including presentation skills
• Strong interpersonal and relationship building skills
• Strong planning and time management/prioritization skills
• Sound judgment and quick thinking must be exercised to ensure risk reduction associated with trade processing
• Strong organizational skills and attention to detail
• Ability to work independently and also to liaise with other Citco departments

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 recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

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