Trade Settlements Analyst
Location: Toronto, Ontario
Contract Duration: 12. Months – potential for extension
Work Arrangement: Hybrid – 1–2 days per week in office
Position Overview
We are seeking a detail-oriented and analytical Reconciliation Analyst to join the Canadian Equity Settlement team in Toronto on a 1–2 year contract.
The successful candidate will be responsible for supporting daily reconciliation activities, with a primary focus on Broadridge BPS (ADP) reconciliations. This individual will play an important role in ensuring the accuracy and completeness of settlement-related records, identifying discrepancies, investigating outstanding breaks, and working with internal teams to facilitate timely resolution.
The ideal candidate will have hands-on experience working within Broadridge BPS (ADP), a solid understanding of financial operations and reconciliation processes, and strong Excel capabilities. Previous experience in equity settlements or securities operations would be beneficial.
Key Responsibilities
- Perform daily reconciliations utilizing Broadridge BPS (ADP), ensuring accuracy and completeness of settlement-related transactions and records.
- Review, investigate, and resolve reconciliation breaks, discrepancies, and exceptions in a timely manner.
- Identify the root cause of outstanding reconciliation items and determine appropriate next steps for resolution.
- Monitor outstanding breaks and aged items, ensuring appropriate follow-up, escalation, and documentation.
- Compare and validate transaction data across internal systems and external records to identify inconsistencies.
- Support daily Canadian equity settlement activities, ensuring operational accuracy and adherence to established procedures and timelines.
- Utilize Microsoft Excel to analyze large data sets, perform reconciliations, track outstanding items, and prepare supporting reports.
- Collaborate with internal operations teams and relevant stakeholders to investigate and resolve settlement and reconciliation issues.
- Maintain accurate records of reconciliation activity, outstanding exceptions, and resolution efforts.
- Identify recurring discrepancies and potential process inefficiencies, escalating trends and recommending improvements where appropriate.
- Ensure reconciliation activities are completed in accordance with established operational controls and deadlines.
Required Qualifications & Experience
- 2–5 years of experience within financial services, securities operations, banking, or financial markets.
- Direct, hands-on experience with Broadridge BPS (ADP) is a mandatory requirement.
- Practical experience performing reconciliations, investigating breaks, and resolving discrepancies.
- Strong working knowledge of reconciliation processes, transaction matching, exception management, and issue resolution.
- Advanced or strong intermediate Microsoft Excel skills, including the ability to work with large data sets, formulas, lookups, filtering, and data analysis.
- Strong analytical and problem-solving capabilities with the ability to investigate issues independently.
- High attention to detail and a commitment to accuracy in a deadline-driven operational environment.
- Strong organizational and time-management skills, with the ability to manage multiple priorities.
- Effective written and verbal communication skills and the ability to work collaboratively across operational teams.
Preferred Qualifications
- Previous experience within Canadian equity settlements or securities settlement operations.
- Familiarity with Canadian equity markets and the trade lifecycle.
- Understanding of settlement processes, transaction flows, and related operational controls.
- Experience working within a bank, broker-dealer, custodian, or other financial institution.
- Exposure to resolving settlement-related exceptions and working with internal and external counterparties.
- Experience supporting operational reconciliations within a high-volume financial services environment.
