Analyst, Corporate Action Processing (12-month Contract)

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?

The Canadian Depository for Securities (CDS) serves as Canada’s national securities depository, clearing, and settlement hub, providing the vital infrastructure required to support the integrity and efficiency of the Canadian capital markets. Within this ecosystem, the Asset Services Information Unit manages the entire lifecycle of Corporate Actions data for securities held by CDS.

The Processing analyst is a pivotal and high impact role, which centers on managing the operational lifecycle of all mandatory corporate action processing (such as Distributions, Name Changes, Mergers, Stock Splits, etc). This role functions as a reliable and essential informational connector, contributing significantly to the wider Canadian Capital Markets Infrastructure. This role requires technical and strategic expertise in prioritizing the timely processing of all Corporate Action payments to CDS Participants.  A vital aspect of this position is the unwavering commitment to cultivating and sustaining professional, courteous, and effective relationships with both external business contacts and diverse internal stakeholders. 

Reports to: Manager, Corporate Actions Processing

Job Location: This role is hybrid (2-3 days/week in the office) - based in Montreal, QC

Key Accountabilities:

• Event Analysis & Deadline Management:  Analyze Terms by reviewing corporate action event information,options, tax implications and legal requirements to fully understand the event. Identify, diarize and monitor critical dates (expiries, payment dates) to ensure no deadlines are missed.  
• Processing & Payouts: Manage the end-to-end execution of corporate actions ensuring seamless processing of events while maintaining system integrity, balancing payments against proceeds and authorizing final participant payouts.
• Optimize Operations: Oversee the rigorous and timely processing of mandatory corporate action events across all requisite internal systems and external platforms.  Proactively identify workflow optimization opportunities, implementing best practices and leveraging technology to enhance reporting efficiency and accuracy.
• Navigate Standard to Intermediate Transactions: Determine and log applicable fees for exceptional corporate action requests following a thorough evaluation. 
• Strategic Partnership: Liaise withTransfer Agents/Paying Agents, DTC, Legal Counsel, as required, to validate payment details and resolve discrepancies.
• Proactive Risk Mitigation & Escalation: Ensure strict adherence to established protocols for the timely and appropriate escalation of issues to management, alongside the proactive identification and documentation of risk mitigation strategies. Analyze existing procedural frameworks and internal controls, suggesting targeted improvements that guarantee best-in-class operational standards, bolster risk mitigation efforts, and uphold a commitment to customer consideration.

Must Have(s):

• Industry Expertise: 2 to 3 years + of relevant experience in financial services, capital markets or post-trade operations.
• Educational Background: Post-secondary degree in Business, Finance or a related field.
• Market Knowledge: Sound understanding of the Canadian Securities Industry (Equities/Fixed Income).
• Technical Mastery: Intermediate to expert proficiency in Microsoft Excel and Google Workspace. 
• High-Performance Execution: Proven ability to manage multiple high-priority transactions and other deadlines in a fast-paced environment.  Great analytical/accounting skills to accurately determine standard to intermediate entitlement payments and finalize corporate action processes.
• Strategic Advisory: Ability to guide legal counsel and external stakeholders through financial concepts and operational requirements.

Nice to Have(s):

• Domain Expertise: Good understanding of Corporate Action processing 
• Bilingualism: Fluency in both French and English (written and spoken) is a significant asset due to regular interaction with national partners and stakeholders.
• Certification: Completion of the Canadian Securities Course (CSC).

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.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

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.