The primary focus of the department is the timely management of client onboarding activities which includes analyzing supporting documents to issue security identifiers for the Canadian Capital Market and ensuring criteria has been met to make the securities eligible at CDS for trading, clearing and settlement. These activities are in support of initial public offerings, private placements, corporate actions, post trade processing, as well as cross border eligibility activities of our issuer clients and Participants. The team also ensures that data integrity on the securities eligible in the depository is maintained following the established global association standards.
Ensure all ISIN and Issuer Code requests from clients, their subsequent requests for Depository Eligibility and all data maintenance related activities are processed accurately, within the established guidelines and associated deadlines.
Complete analysis of legal documentation supporting new security issues as a means of determining the infrastructure and processing requirements associated with a new security set up including such critical items as; security restrictions, specialized tax implications, unique entitlement/reorganization features, relevant rates, critical dates and any specialized processing requirements.
Research, analyze and resolve issues and discrepancies identified and/or escalate critical issues promptly.
Ongoing customer service interaction with Issuers, Legal Counsel, Underwriters, Bank of Canada, Transfer Agents and other intermediaries to verify, confirm and complete assessment related to their requests
A commitment to recommending improved productivity and efficiency through continual review of processing activities
Skills and Experience:
2-3 year’s progressive operational/business experience in the Securities Financial Industry with knowledge of the Issuer Community and Reorganization/Corporate Action processing.
A good understanding of the roles of the various entities within the Canadian Capital Markets (ie/ Transfer Agents, Withholding and Paying Agents, Issuers, Bank of Canada, Custodians, Depositories, etc.)
A good understanding of the different types of securities and associated features.
Familiarity with Issuer offering documents and circulars (Prospectus, Offering Circular, Articles of Incorporation, etc.)
Knowledge of Canadian, US and Foreign tax implications on cash entitlement payments/distributions.
Intermediate to expert knowledge of Excel as well as knowledge of other PC software systems (Google, MS Office, Lotus Notes, Internet, etc.).
Proven ability to provide excellent client service, maintain relationships, and work in a team oriented environment
Nice to Have(s):
Canadian Securities Course
Bilingual both written and oral preferred
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.