Custody & Trade Assistant

All IRCE Digital employees are expected to demonstrate our core competencies as outlined below. The role of Custody and Trade Associate has unique requirements and duties; however, these responsibilities are to be executed within the organization’s framework of core values. IRACE expects all employees to be high performing, self-motivated, learners and leaders. Summary: The Custody and Trade Associate will provide timely and accurate review and approval of custody & trading transactions, in a risk aware manner and ensure that all clients receive top quality service.

Responsibilities

• Execute trade instructions on a timely basis for clients
• Work within the team to ensure all fund documents are delivered to administrators on a timely basis
• Assist in developing and maintaining positive relationships with broker dealers
• Monitor portfolio positions, market structures and risk on a daily basis
• Investigate and respond promptly to queries from clients regarding custody trades or holdings to ensure risks are mitigated
• Prepare trade confirmations and send out promptly to clients
• Update transactions (buys and sells) on the Custody system
• Monitor Corporate Actions on sub-custodian platforms and action accordingly
• Active involvement in the on-boarding of new clients, broker and custodians
• Assist Custody team with daily reconciliations as required
• Assist with the on boarding of clients and relevant processes
• Ensure that new securities are uploaded correctly into the portfolio management system utilizing Bloomberg and other relevant pricing sources

Requirements

• Minimum of 3 years post-qualification experience in a banking operations role, with other relevant experience advantageous
• Must have 3 years of experience in trade execution or middle office processing
• Must have an undergraduate degree with a Business focus or an accounting or securities industry qualification
• Experience in Canadian/US equity and bond market experience as well as global FX markets.
• Experience in DTC and Euroclear
• Experience with completing fund subscription/redemption documentation
• Knowledge of market trade execution, affirmation and settlement process
• Understanding of the FX, equity, fixed income, alternative investment and derivative markets
• Strong working knowledge of all trading matters including fund of funds and risk assessment
• Experience using the following software is essential; Tradar, Bloomberg
• Other trading and custody software understanding would be useful
• Advanced MS Office user experience
• Strong command of the English language both verbal and written, including report writing, business and client correspondences and procedure manuals