Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank Securities, a subsidiary of Laurentian Bank.

Under the responsibility of the department manager, the officer will see to the proper settlement of transactions of the Canadian-US Bonds and equities, foreign securities, and to the daily reconciliation and monitoring of control accounts. The incumbent will also work with management to review operational procedures and be required to ensure compliance with various internal and external policies.

Reporting to the Manager Settlements & clearing, the incumbent will have the following responsibilities:

Responsibilities

• Settle Canadian bonds and equities transactions with other institutions on the CDSX/ARROW system.
• Prepare and settle new issue transactions according to the standards established between the various stakeholders
• Proceed with securities loans with Sec Lenders as well as put securities as collateral. (PLEDGE)
• Settle transactions against the payment of American stocks/ bonds and foreign securities with other institutions using DTC, FED WIRE, instruct our foreign custodian for any foreign stocks
• Start of the day - Reconcile settlements transactions versus depository CDSX and DTC.
• Export delivery file to DTC settlement system.
• Ensure the availability of securities to make deliveries.
• Make end-of-day settlement payments and ensure that our bank accounts are in order.
• Notify clients of any transaction settlement problems.
• Follow up on outstanding transactions daily.
• Serve as a contact person for clients.
• Perform all similar or related tasks.

Qualifications

• College diploma or any other experience relevant to the position

• Bilingual* (spoken and written English and French)

• Knowledge of KYNDRYL, DTC, CDSX, ARROW, Word, and Excel

• Ability to work well under pressure and in ambiguous, unpredictable, or complex situations

• Ability to provide quick and effective customer service

• Strong team player

• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you

Yearly salary: $48,000 to $61,000

Laurentian Bank is dedicated to fair and equitable compensation practices. The base salary range provided reflects the Bank’s standard pay scale. The final base salary will be determined by the candidate’s qualifications, skills, and experience, and may be enhanced with performance-based incentives, pension contributions, and benefits.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

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