Analyst, Internal Controls

at  WellingtonAltus Private Wealth Inc

ANALYST, INTERNAL CONTROLS

Location: This position will be in-office, based out of our Winnipeg location.
Our organization:

Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus Private Wealth Inc.—the top-rated* investment dealer in Canada and one of Canada’s Best Managed Companies. With more than $30 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients.

• Investment Executive 2024 Brokerage Report Card.

• Providing monthly review of internal accounts to different stakeholders related to Operations for House and Corporate Error Accounts, Compliance for IA Error Accounts, Products and Platforms for Average Price Accounts, Capital Market Accounts, and Finance Accounts.
• Providing support in conducting audits of accounts related to operational controls including fees and scheduled, and ad-hoc reporting while ensuring adherence to compliance standards and accuracy in financial records.
• Monitoring financial transactions occurring in corporate accounts, maintaining detailed records, and obtaining necessary approvals based on predefined threshold limits.
• Estimating error amounts associated with trade corrections to facilitate accurate reporting and resolution of discrepancies.
• Initiating and processing corrective tickets for trade corrections, employing suitable procedures tailored to the security type to rectify discrepancies promptly and effectively.
• Collaborating with internal teams to assist in the designing, documenting, and monitoring of internal control frameworks, ensuring alignment with organizational objectives and regulatory requirements.
• Generating comprehensive reports through the collection, analysis, and summarization of relevant information.
• Utilizing analytical skills to examine transactional data within accounts, identifying any suspicious or unusual activities, and taking appropriate steps to escalate and propose corrective measures for resolution.
• Demonstrating a keen interest in leveraging technology to enhance the effectiveness and efficiency of internal controls, exploring innovative solutions and best practices to drive continuous improvement.
• Providing analytical support on transfer fees. This involves transfer fee support for newly onboarded IAs, reversal process, tuck in, and oversight on exceptions.
• Facilitating the submission of iMOST for NBIN processing as required.
• Executing the daily upload and reversal processes of transfer fees, ensuring the accurate and timely processing of fee transactions.
• Preparing comprehensive monthly reports on transfer fees for transitioning IA teams, providing valuable insights and facilitating a smooth transition process.
• Performing other duties as assigned.