Associate, Reconciliations

Remote

Apply with AI Apply

Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Candidates should have previous working experience at a broker-dealer handling back office reconciliation responsibilities for options, securities operations, and securities lending programs, with a preference for experience at an IIROC-regulated dealer. Strong experience with Excel/Google Sheets and familiarity with programming languages like SQL, Appscript, or Javascript are required. Industry courses such as CSC or DFOL are a plus. Candidates must be detail-oriented problem-solvers who thrive under pressure, manage multiple time-sensitive tasks, and adapt quickly to challenges in a fast-paced environment. Excellent communication and collaboration skills are essential.

Responsibilities

The Associate, Reconciliations will handle daily and monthly reconciliations across depositories, ensuring accuracy and alignment when discrepancies arise. They will own critical trade and position reconciliations, proactively escalating issues to upstream teams like settlements, corporate actions, and the trade desk to resolve discrepancies and mitigate risk. The role involves collaborating with cross-functional Operations teams to ensure accuracy of records, cultivating deep knowledge of equity settlement and clearance through CDS and DTC, and adapting to evolving services to build processes that support the team's growth. Additionally, they will utilize SQL, Data, and AI tooling to identify inefficiencies and propose solutions to improve back-office operations.

Skills

Reconciliation

Trade Reconciliation

Position Reconciliation

Risk Management

Attention to Detail

Process Improvement

Analytics

Client-First Approach

Wealthsimple

Digital platform for investing and financial management

About Wealthsimple

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Toronto, CanadaHeadquarters

2014Year Founded

$826.6MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Unlimited Paid Time Off

Professional Development Budget

Wellness Program

Remote Work Options

Paid Holidays

Risks

Increased competition from zero-commission brokers could erode Wealthsimple's market share.

Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.

Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

Differentiation

Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.

The company provides a seamless platform for investing, trading, saving, and tax filing.

Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

Upsides

Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.

The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.

Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

Land your dream remote job 3x faster with AI

Try Jobo Free