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Settlement Specialist

Recruit Action

This is a Full-time position in Toronto, ON posted August 7, 2018.

Settlement Specialist (Cash Processing) – Toronto

Recruit Action provides recruitment services through quality support and a personalized approach to job seekers and businesses. We are currently looking for a Settlement Specialist (Cash Processing) for one of our clients located in Toronto.

We offer:

  • Our client is in the TOP 100 Employers in Canada.
  • Contract for 6 months
  • Dynamic and professional environment.
  • Schedule of 9 am to 5 pm


Primary Responsibilities:

  • Settlement of cash and securities income transactions primarily Equities, Fixed Income and Money Market, but could include Derivatives and Securities Lending
  • Conduct a daily review and investigation of the Forecasted Income Report to ensure that Treasury has an accurate forecast of the cash flow
  • Regular involvement in problem resolution and investigations with Custodial Banks and dealer counterparties
  • Timely investigation and response to internal client inquiries
  • Assist with the daily cash entries to Custodians and internal Accounting System
  • Work with other areas within Securities Operations to assure all outstanding items are cleared in a timely manner
  • Process CAD/USD external and internal cash transfers, whenever required. This includes interpreting the transfer requests initiated by Manulife’s various departments and processing manually as well as through the Custodial systems, all within the requested time frames
  • Work within existing procedures and processes ensuring clear and concise documentation is created and maintained as such procedures and processes evolve over time
  • Adhere to and reinforce established SOX documentation
  • Exercise initiative to assist department management in review and analysis of established procedures and processes, making recommendations to ensure that efficient and flexible service is provided to clients always
  • Remain familiar with relevant securities industry developments specifically those impacting the activities of assigned portfolios and/or internal clients and custodial service providers
  • Provide assistance to other team members and management team when required
  • Participate in inter-department cross training to ensure continuity of service
  • Additional duties as assigned



  • Post-secondary education or minimum 2 years equivalent work experience in a securities operations environment, including securities instruments/settlements, foreign exchange and derivative instruments/settlements and banking processes
  • Knowledge of SWIFT protocols and formatting would be beneficial
  • P.C. literate with sound knowledge of Microsoft Office applications and processing systems such as MAXIMIS, bank reporting systems and Bloomberg
  • Successful completion or enrolment in the Canadian Securities Course
  • Sound knowledge of security asset types and payment characteristics
  • Client focused with the ability to understand the clients’ requirements
  • Influence and work collaboratively with clients in a sophisticated and demanding business environment.
  • Sound problem solving skills
  • Ability to adapt to changes, automation and set priorities
  • High level of accuracy and attention to detail
  • Ability to react quickly and meet tight deadlines maintaining accuracy and thoroughness
  • Good communication and interpersonal skills
  • Demonstrate initiative and strong team player

Only qualified candidates who match hiring criteria will be contacted.


Skills Required

  • Education level: College
  • Work experience (years): 0-2 years


Salary: 19.50$ per hour

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