Associate - Credit and IRD Sales Support MO

Associate - Credit and IRD Sales Support MO

Associate - Credit and IRD Sales Support MO

This is a French international banking group and the world's largest cooperative financial institution.

Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and North Africa support their clients, meeting their financial needs throughout the world. This bank offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

They are near-shoring from their New York office and moving their operations to Montreal which is exciting news! This a chance to join a very stable environment as these roles already existed in New York before the move. They have a number of positions to fill and are hoping many will be excited to be a part of their new start in Montreal.

Title: Associate - Dividends & Corporate Actions Processing
Location: Montreal
Work model: Hybrid, 2-3 days remote work allowed
Type of position: Full time, permanent OR contract-to permanent
Salary: 95k. 4-5 weeks vacation. They offer a great benefits package. RRSP matching, you contribute 2% and they contribute 8%.
The opportunity
• Allocating and validating trades (and sales credits) in Omega (in house system)
• Post-Trade allocations in CTM and FIX
• Coordinating allocation exception management when appropriate
• Validating allocations in CTM/FIX and processing related confirmations
• Checking Omega and all trading platforms (Bbg, Tradeweb, Marketaxess) for any outstanding trades that need validation
• Monitoring Trades pre-confirmation, check trade details (ISIN, hedge amounts, yield, settlement amount and dates) as clients’ confirmations and details of account splits are received via e-mail or Bloomberg. Catch any potential errors in the trade details
• Assisting resolution of BO queries sent to sales
• Investigating and managing resolution of breaks and failed trades sent by BO and MO teams
• Ensuring the exhaustiveness of the daily capture in Omega by reconciling Omega with internal and external systems
• Being the interface between MtM (Middle office) team and sales team
• Booking of Sales and DCM Markups
• Client Services:
• Client liaison and voice confirmations
• Post trade follow-up (send client the sales recap per the client request\verification that confirmations were sent to golden clients)
• Work with other NY MO individuals, and liaising with MOs globally and EBO to ensure smooth settlement for international trades (back office)
• On boarding interface with KYC team
• Monitoring On boarding process (initiated and managed by salespeople)
• Identifying funds to be onboarded and assisting completion of sub-account forms for allocations
• Monitoring correct creation of funds within internal systems
• Ensure the controls and procedures are developed to support the business and reduce operational risk
• Service Quality and Processes improvement:
• Propose and formalise any improvements on controls and procedures
• Develop efficiency initiatives
• Compliance and Governance
• Ensure compliance with CA-CIB CMO and New York governance and organisation directives
• Promote operational controls and segregation of duties
• Control and awareness
• Exert vigilance to unusual or inappropriate (i.e. unusual, un-economic or fraudulent) sale practices
• Alert management and position control team in case of suspicion of inappropriate (i.e. unusual, un-economic or fraudulent) sale practices or operations


Qualifications:
• A self-starter who is highly motivated.
• Bachelor’s degree required
• Experience using DTCC Services tools (CTM, Alert...etc.)
• Good analytical, organizational and interpersonal skill
• Spirit of analysis and synthesis
• Strong attention to details
• Able to work independently with minimal supervision
• Ability to communicate fluently and clearly orally and in writing
• Ability to deal with multiple stakeholders across the globe. Customer oriented.
• Hard-working, comfortable with multi-tasking and able to work under pressure
• Mastery of office tools (Excel, Word, Power Point) and easy approach to computer tools

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