Manager, Collateral/banking, CDS

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.

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CDS is Canada's national securities depository, clearing and settlement hub for domestic and cross-border depository-eligible securities. It supports Canada's equity, fixed income and money markets and is accountable for the safe custody and movement of securities, the processing of post-trade transactions, and the collection and distribution of entitlements relating to securities deposited by participants.

Job Description Summary

The Manager, Collateral / Banking Operations is accountable for ensuring complete and timely processing as well as supporting CDS participants in areas such as:
• Collateral Management, Securities and Cash
• Bank of Canada Lynx large value transfer system payments
• US Banks Fed wires
• Ongoing superior client support

Reporting to Director, TMX Depository, Clearing & Settlement Operations, you will provide leadership and direction to a team of Analysts and Team Leads located in Toronto and Montreal.

Key Accountabilities

• Point person for setting and following up with participants to satisfy their collateral requirements

• Central point of contact for clients, and ongoing client engagement to ensure client needs are met and solutions are provided

• Provide high level knowledge of technical and analytical expertise regarding Collateral/Banking/Settlements

• Ensure full Cash Reconciliation with all Bank accounts

• Ensure successful completion of end of day Payment Exchange

• Ensure complete and accurate Issuer Credit Rating

• Ensure processing the CNS Buyins by the established deadlines

• Manage Relationships with Regulators, Internal and External Audit, Risk Management, Finance and Technology partners

• Perform all responsibilities in accordance with procedures, recognition order requirements, internal controls and/or audit requirements.

• Make recommendations using professional judgment, guided by known practices

• Assist Relationship Managers in servicing clients when required.

• Perform additional tasks and responsibilities as assigned by his/her Manager.

People Leadership:

• Manage a team of highly professional experts in the field of Post Trade Operations

• Ensure the team is well versed on new industry initiatives that will showcase the strategic position of CDS.

• Leverage coachable moments and provide ongoing and regular feedback to direct reports on personal development and growth opportunities.

• Is a role model and develops a team that acts as positive ambassadors of CDS in all communications and through consistent service levels.

• Support team members in a consistent and positive way by being a good coach and mentor, being always available, ensuring people succeed with allocated tasks and having the necessary technical skills that help them succeed.

• Motivate and offer purpose at work, innovate, generate fresh ideas, redesign processes for increased productivity or functionality, and create an overall great employee experience.

• Help team members understand how their specific roles contribute to the wider organization's success.

Must haves:

• University degree, preferably in Business Administration, Finance, Commerce, Economics

• Minimum of 5 years of experience in financial industry

• A good working knowledge of the Canadian Securities Industry (Equities, Fixed Income), and the Global Capital Markets

• An understanding of risk tolerance and appetite and the ability to manage accordingly

• Proven professional judgment in managing client expectations and respecting customers confidentiality

• Excellent listening, written and verbal communication and interpersonal skills skills

• Ability to organize, prioritize tasks, detail oriented and meet deadlines

• Ability to work independently with minimal supervision, proactive and highly self-motivated

• A change leader with a willingness and ability to adapt to a changing environment and responsibilities

Nice to haves:

• Fluency in both French and English (written and spoken) is an asset, as this role involves regular interaction with partners and stakeholders in both languages.

• Previous experience working with clients is an asset to provide excellent client service

• Strong proficiency with Google and other desktop applications

Note:

• Work under the current corporate hybrid policy, which is a two-day presence at the 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.