Portfolio Administrator, Cash

at  CIBC Mellon

COMPANY INFORMATION:

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.
We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.
We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

POSITION OVERVIEW:

An operations specialist and administrative role that executes critical daily cash and portfolio modelling processes to support investments by mutual funds, ETFs and separately managed accounts.

QUALIFICATIONS:

Education/Experience

• Two to four years of experience in an accounting/operations related position (experience with mutual funds, securities/investments, foreign currency translation and derivatives preferred)
• Post-secondary degree/diploma specializing in Accounting/Finance/Commerce/Business or equivalent
• Working towards completion of the Canadian Securities Course

Specific Knowledge & Skills

• Familiarity with professional information systems
• Proficiency in Microsoft Office such as MS Excel and Word; Access would be an asset
• Programming/development and data management skills an asset
• Ability to work independently in a time sensitive environment and deal with fluctuating work volumes is required
• A high attention to detail is required
• Strong communication skills, both written and verbal;
• Knowledge of applicable policies and procedures.

• Execute critical daily processes specific to cash management and portfolio modelling transactions including trade entry, settlement, adjustments, payment receipt and reconciliation
• Ensure correct and timely post-execution reporting of money market and term deposits
• Receive securities trades on a daily basis from Investment Managers, ensuring the trades are accurately processed and promptly entered to the portfolio accounts’ records
• Perform reconciliations and identify, report and escalate portfolio security discrepancies
• Work with custodian banks/prime brokers, investment managers and sub-advisors, and traders to resolve discrepancies and overdrafts
• Minimize risk and operational losses by adhering to established policies and procedures