Settlements Administrator

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 28-08-2025

Vacancies: 1 Vacancy

Job Summary

Job Description

You will be working on a flexible hybrid schedule as part of Fidelitys dynamic working arrangement.

Please note : This is a contract opportunity until June 30th 2026.

Current work authorization for Canada is required for all openings.

At Fidelity weve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and were constantly seeking to find new and better ways to help our clients.

As a privately owned company we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means youll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. Youll have a wide range of opportunities to grow and develop your career in an inclusive environment where youll feel valued and supported to be your best - both personally and professionally.

What We Do

Based in Toronto Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution clearing custody and back-office support services to Canadian-based brokerage firms and registered Portfolio Managers.

For more information about Fidelity Clearing Canada please visit Overview:
The FCC settlements department ensures timely settlement and reporting of all trades processed through our books and records. The department as a whole is responsible for managing the settlement process of CAD and USD trades through the main depositories CDS and DTC as well as international trade settlement through our foreign custodian and physical securities processing and handling.

How Youll Make an Impact:
Reporting to the Manager Settlements theSettlements Administratoris responsible for settling trades via electronic settlements systems including the Canadian Depository for Securities (CDS) The Depository Trust Company (DTC) and through our foreign custodian (Citi-Direct) as well as FedWire. Settlements involves the delivery of securities and the corresponding payment. Securities are delivered against payment of money to fulfill contractual obligations such as those arising under securities traders. The Settlements Administrator communicates with Fidelity Clearing Canada internal partners our clients and counterparties. By working with these key stakeholders we achieve accurate and timely processing while mitigating risk to all involved.

As part of the settlements team you will be responsible for the following:
Processes transactions and service client needs as per the performance expectations and measures of each department.
Follow policies and procedures to ensure compliance with our regulatory requirements. Minimize risk to the business by escalating issues to management
Using continuous improvement methodologies continually searches for and takes initiative to improve and/or eliminate ineffective processes to improve customer service or gain efficiencies
Compare and match trades that are posted in Dataphile vs. what appears in CDS DTC Citi-Direct and FedWire.
Report unmatched or failing trades intra-day to the correspondents.
Allocate required security positions between CDS/CNS and DTC/NSCC as required.
Communicate with the securities lending department regarding positions required for deliveries.
Ensure instructions are in place with foreign custodian as well as with Fed Wire custodian as Required.
Inquire with counterparties as to the reason behind trades which are either unconfirmed or DKd (Dont Know).
Respond timely to verbal or written client requests.
Retrieval of sensitive documentation from our client firms and secured vault located in the downtown core.
Create and distribute reports to clients and management.

What We Are Looking For:

Experience:

1 to 2 years experience in operations and/or client services roles within the financial services industry preferably in brokerage and/or in the correspondent clearing and custody business.

Education:

2-year post-secondary program completion or equivalence

Designations Licenses or Accreditations:

Broadridge Dataphile knowledge is an asset
Experience with Security Settlement depositories is an asset: DTC/CDS or Arrow
Knowledge of buy-in process is an asset.
Working towards or completion of Canadian Securities Course an asset

The Expertise You Bring / This is the right opportunity for you if you:

Excellent MS Excel skills and proficient with the MS Office environment.
Strong customer service skills with ability to build credibility and rapport to gain customer confidence.
Exceptional communication skills.
Attitude to thrive in a fast paced challenging team-oriented environment.
Ability to work independently in a fast-paced environment.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race color religion sex sexual orientation gender identity or expression national or ethnic origin age disability family status protected veterans status Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation please email us at .

No telephone inquiries or agencies please. We thank all applicants for their interest please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity

We are proud to be recipients of the following:

Awards

Canadas Top 100 Employers
o Greater Torontos Top Employers
o Canadas Top Family-Friendly Employers
o Canadas Top Employers for Young People

Great Place To Work Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Todays Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams

LinkedIn Top Companies in Canada

Human Resource Director (HRD) - Best Place To Work
o HRD - 5-Star Benefit Program
o HRD - 5-Star Diversity & Inclusion Employer

Designations
Canadian Compassionate Companies Certified
Benefits Canadas Workplace Benefits Award - Future of Work Strategy
TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
Canadian HR Reporters Most Innovative HR Team

Required Experience:

Unclear Seniority

Job DescriptionYou will be working on a flexible hybrid schedule as part of Fidelitys dynamic working arrangement.Please note : This is a contract opportunity until June 30th 2026.Current work authorization for Canada is required for all openings.At Fidelity weve been helping Canadian investors buil...