Hiring: Depository Control Officer/Analyst

Location: Montreal

Type: Full time, permanent 

Description:

TEKsystem's client is the asset servicing banking group dedicated to asset managers, insurance companies, pension funds, banks, private equity and real estate funds, brokers and corporate clients. Through offices across Europe, North and South America and Asia, they offer a broad range of services covering execution, clearing, forex, securities lending, custody, depositary and fund administration, fund distribution support, middle office outsourcing and issuer services.

The role: The Sr. Depository Operations Officer mainly carries out systematic verifications according to the Depositary Control Plan. Systematic verifications are controls applied automatically under defined procedures (monitoring of UCIs, ratios, inventory control). He/she also participates in specific verifications. Specific verifications are performed to give the custodian reasonable assurance that the risks specific to management and valuation activities are controlled by the management company (Audit, Studies).

The Depositary has three main tasks:

(1) Cash flow Monitoring of all bank accounts of the Fund

(2) Safekeeping duties: ownership verification / record keeping of the assets of the Fund

(3) Oversight Duties.

Main Responsibilities:

Ratios:

• Create the verifications to perform and configure in the compliance database working from the prospectuses.

• Perform post-control compliance with regulatory ratios and the specific rules mentioned in the prospectus (using the MIG21 tool or manually for some types of funds)

• Apply the anomaly response system (anomaly reporting)

• Monitor the resolution of anomalies as part of an ongoing relationship with management companies.

• Participate in improving the quality of alerts triggered by the compliance engine (MIG21) (in association with the configuration of constraints or with master data)

Monitor UCIs:

• Analyze new prospectuses for UCIs or changes to them

Inventory control:

• Perform controls on inventory reconciliations (securities and liabilities) for general purpose UCIs, in conjunction with valuation agents and relationship managers.

• Carry out cash monitoring (cash reconciliation, monitoring of flows and pending items)

• Compile a complete analysis file for PERES funds (securities, valuations, liabilities, other payables and receivables, determination of asset values)

• Analyze disparities or pending items and intervene, as necessary, to accelerate their resolution.

• Specific verifications

• Participate in control assignments in the form of audits of management companies.

• Contribute to cross-functional studies (benchmark, management fees, etc.)

• Take part in various working groups.

Specific verifications:

• Participate in control assignments in the form of audits of management companies.

• Contribute to cross-functional studies (benchmark, management fees, etc.)

• Take part in various working groups.

Stakeholders you'll work with:

Internal: PERES (Private Equity Real Estate Securitization), Fund, Administration, Master Data Services, Commercial Department (Relationship Managers)

External: Management companies, Valuation agents

Additional Details on Job Duties:

• Transaction management, which comprises collection of documentation and analysis in case of acquisition or disposal of asset and payment to counterparty. The Supplier shall not directly undertake the payment but shall monitor the statements in Yardi and communicate the same to the Client.

• Safekeeping and recordkeeping in the Supplier’s systems

• Working with FA team to complete cash movement workflow in Yardi (e.g. Invoice Register (IR), Journal Entry (JE) and Investment Management (IM))

• Portfolio reconciliation (FA, TA, Client report, etc.)

• Audit Confirmation

• Reporting, keep performance indicators and activity metrics.

• Cash related activities (Overdraft, queries management, etc.)

• Cash flow monitoring, comprising internal and external cash accounts.

• Payment instruction/transaction processing ownership verification (at transactional level or on annual basis on the recipient’s reasonable request)

• Asset screening

• Reporting & queries (including Client queries)

• DAC6 taxation reporting

• Data collection update for invoicing

• New funds On-boarding

Experience Level:

Intermediate Level

À propos de TEKsystems:

Nous sommes partenaires dans la transformation. Nous aidons les clients à activer des idées et des solutions afin de profiter d’un nouveau monde d’opportunités. Nous sommes une équipe solide de 80 000 personnes, nous travaillons avec plus de 6 000 clients, dont 80 % faisant partie du Fortune 500, partout en Amérique du Nord, en Europe et en Asie. En tant que chefs de file de l’industrie des services technologiques complets, des services aux talents et des applications du monde réel, nous travaillons avec des leaders progressistes pour favoriser le changement. C’est le pouvoir d’un vrai partenariat. TEKsystems est une société du groupe Allegis.

Québec Numéro du permis d'agence de placement de personnel AP-2000547

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

Quebec Personnel Placement Agency Permit Number AP-2000547