Employer: SGGG Fund Services Inc.
Position: Senior Trust Banking Officer
Terms of Employment: Full-time / Permanent
Location: Toronto, Ontario
Employment Address:
- 121 King Street West, Suite 300, Toronto, ON, M5H 3T9
- Remote work available – hybrid work model
Hours of Work: 40 hours/week
Language: English
Benefits: Eligible for discretionary bonuses and/or salary increases in accordance with company policy. Eligible for Extended Medical Insurance, Dental Insurance, Disability Insurance and Pension Plan. Also eligible for Health spending account, Lifestyle spending account, Accidental Death & Dismemberment Insurance, Critical Illness Insurance, Travel Insurance and parental top up. Learning opportunities for staff.
Existing Vacancy: New Headcount
Salary: $ 75,000 CAD / year
Contact: Please apply via Dayforce
Job Summary:
SGGG Fund Services Inc. (SGGG-FSI) is currently seeking to fill a full-time permanent position for the role of Senior Trust Banking Officer. The successful candidate will join SGGG-FSI’s Investor Services department, will be energetic, enthusiastic and reliable, and will have the opportunity to learn and grow with our organization. The role involves providing back-office administration and support to investment fund managers by making wire payments, EFTs, and reconciling account statements.
The successful candidate will have an interest in financial services, strong communication skills experience using Microsoft Excel, and share the values of teamwork and customer service.
Duties:
- Preparing and reviewing daily reconciliations of trust accounts, investigating and following up on breaks for complex/higher volume accounts.
- Producing and delivering Diamond settlement reports for complex transaction clients or preparing ‘manual’ calculations when settlement reports are not available.
- Administering and reconciling bank accounts related to trade settlements.
- Preparing or reviewing wire/EFT payments for trade settlement, invoice processing, distribution reports, etc.
- Processing transactions and payments from various client’s bank accounts, receiving and recording investment income and disbursement of investment funds.
- Preparing or reviewing and issuing cheques for invoice processing, trade processing, and other payments.
- Proactively investigating settlement discrepancies, suggesting resolutions internally, and communicating to clients for complex/higher volume accounts.
- Monitoring the Trust Banking inbox and actioning or delegating messages to entry level staff.
- Saving and providing monthly statements to clients and fund valuators per assigned distribution list.
- Working within departments/clients of SGGG-FSI to resolve questions about money movements between funds.
- Quality Control of bank info to Diamond.
- Train staff on SGGG FSI Trust Banking operations.
- Performing any other reasonable duties as requested by leadership/management.
Requirements:
- A bachelor’s degree in business administration, commerce, economics or a related field is required.
- 1+ year as a trust banking officer - or 3 years of professional experience in wire payments processing/reconciliation in a mutual funds or a similar environment is required.
- Intermediate Excel skills (example: sum columns, basic formulae, sorting, etc.)
- Clear and fluent communication skills (written, verbal).
- Comfortable with intermediate math calculations (example: pro-rating, adding tax, compound interest, etc…)
- Proven ability to build strong relationships with clients, co-workers, etc.
- Previous completion of Anti-Money Laundering (AML) training.
- Strong time management skills and attention to detail.
- Prior experience with Fundserv.
- Willingness to learn and teach others.
- Hiring contingent on successful completion of a background check
