Associate, Securities Lending Operations

Summary

Join Wealthsimple's Operations team as a Securities Lending Operations Associate and contribute to the efficient execution of daily securities lending processes. You will collaborate with various teams, manage billions of dollars in assets, and ensure timely loan and return settlements. Responsibilities include processing returns, resolving discrepancies, performing reconciliations, supporting front-office operations, and interacting with external counterparties. The ideal candidate possesses 3+ years of experience in a relevant financial role, strong technical skills (especially in Excel), excellent communication and collaboration skills, and a passion for fintech. This role offers a competitive salary, top-tier benefits, and opportunities for professional development.

Requirements

• Have 3+ years of experience working at a broker-dealer, bank, capital markets firm or pension fund
• Are capable of operating within tight deadlines and possess good business judgment.  Demonstrate strong multitasking and time management skills. Have a background in finance, accounting, business or  a related technical field
• Have strong technical skills in Excel, VLookup, pivot tables (macro is a nice-to-have)
• Are passionate about technology, specifically fintech
• Have excellent organizational skills and attention to detail. Ability to manage multiple priorities and meet deadlines
• Have strong collaboration skills and a positive attitude
• Have a bias for action and a strong sense of curiosity: if something seems off, you want to figure out what’s going on
• Have strong communication skills; you’ll be working with front office (trading) and external counterparties
• Have an interest in learning about the Securities Lending business

Responsibilities

• Join the Operations team, and work directly with our Manager, Securities Lending Operations, Trading Desk and other Operations Associates to execute on daily securities lending processes
• Assist in maintaining positioning by processing returns from counterparties and supporting the loan recall process
• Work to ensure timely loan and return settlement, and resolve related issues
• Collaborate with traders, product managers, engineering and other operations teams to ensure effective and timely trade flow and settlement
• Communicate with counterparties via email or on calls to execute on loans and recalls, and resolve discrepancies
• Identify and resolve discrepancies in transactions
• Perform daily and monthly reconciliation of records and assist with audit requests
• Support front-office operations related to corporate actions and daily market movement
• Support billing and month-end processes
• Represent Wealthsimple in interactions with external counterparties and cultivate industry relationships
• Support the development of operational procedures as we build out our Options business
• Support the treasury team with cash movements, including billing
• Support the onboarding of new counterparties

Preferred Qualifications

• Securities lending background
• Working towards CFA
• Settlements background, experience with CDS and DTC
• Proficiency in SQL and data analytics

Benefits

• Competitive salary with top-tier health benefits and life insurance
• Retirement savings matching plan using Wealthsimple for Business
• 20 vacation days per year and unlimited sick and mental health days
• Up to $1,500 per year towards wellness and professional development budgets respectively
• 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
• Company-wide wellness days off scheduled throughout the year