Student Intern, Operational Tax Reporting (Winter term)

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?

Working with the Operational Tax Team, the Analyst's primary focus is to support the team in its daily operational and regulatory processes, by assisting in the timely and accurate completion of all daily activities as assigned and investigating and researching various tax related issues in Canadian, International and US tax matters.

Key Accountabilities:

Reconciliation

• Prepare operational reconciliation reports of outstanding cash balances for multiple bank accounts, research and resolve discrepancies, and respond to inquiries from SIES Operations, Banking and Treasury

• Assist with the investment of early entitlements in accordance with established guidelines and procedures

• Ensure resolution of any outstanding cash balances is completed in a timely fashion

• Assist in the preparation of write-offs and ensure it is performed in accordance with procedures and categorized in the appropriate manner

Billing

• Assist with the Special Handling Billing spreadsheet for SIES and RM, and ensure that all billing details are logged on a given month's tab

• Access the customer account/profile in Workday, and send a request for a new customer ID or an update to an existing ID if necessary

• Prepare the CDS Innovations monthly manual billing for SIES and RM, and submit for approval in a timely manner

• Submit CDS Clearing manual billing for Event Management when necessary

• Review the Issuer Billing Exception email daily and identify the billing items that require correction or deletion of the billing record

• Manage the SIES Exception Billing Records spreadsheet in Google drive, and ensure that all exception events that are logged are reviewed and the billing record is deleted

• Review and respond to all queries relating to Special Handling and Event Management billing

• Archive the Monthly Issuer Billing Breakdown Reports

Tax

• Canadian, US tax processing and research

• Investigating tax consequences of entitlement payments

• Reviewing tax consequences of distribution payments

• Assist with the investment of early entitlements in accordance with established guidelines and procedures

Must haves:

• University / College degree in progress in Commerce, Business Administration or related field

• Excellent interpersonal skills and willingness to learn

• Proactive & highly self-motivated

• Solid understanding of Google Suite, Microsoft tools, etc.

• Strong organizational skills with the ability to plan and prioritize in order to meet deadlines in a time sensitive environment

• Excellent problem solving skills

• High degree of professionalism, integrity & consistency

• Curiosity in Global Capital Markets

Nice to haves:

• Corporate Actions knowledge

• Understanding of tax concepts and their application to industry practices

Note:

4 Month Winter Term Co-op: January 6, 2025 - April 25, 2025

Hybrid Role: 2 to 3 days in Toronto Office

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.