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The Associate Director, Settlements will own Canadian securities settlement operations for the firm, with primary responsibility for equities and related cash movements settling through CDS/CDSX. This role combines hands-on operational expertise with leadership, risk ownership, and process design. Initially, the role will focus on day-to-day settlement execution, fail management, reconciliations, and control oversight. Over time, responsibilities will expand to support new products, increased volumes, regulatory change, and ongoing automation efforts. This is a senior role requiring strong judgment, comfort operating close to risk, and the ability to scale processes without introducing fragility.
Job Responsibility:
Settlement of Canadian equity trades through CDS/CDSX, including DVP/RVP processing
Daily monitoring and resolution of settlement fails, including buy-ins, close-outs, and escalation of aged or high-risk items
Oversight of cash, position, and suspense account reconciliations related to Canadian settlement activity
Direct interaction with CDS as a participant, including inventory movements, entitlements, and settlement-related Corporate Action impact
Management of settlement flows related to securities lending and borrowing, where applicable
Investigation and resolution of settlement breaks across internal books and records
Ownership and execution of daily, monthly, and quarterly operational controls, including documentation and evidence retention
Partnership with Trading, Finance, Compliance, and Technology on settlement impacts of new products, changes, or incidents
Design and implementation of automation, reporting, and exception management tooling to reduce manual touchpoints and operational risk
Hiring, managing, and developing settlement staff
Driving continuous improvement in controls, processes, and transparency as the platform scales
Requirements:
7+ years of experience in settlement operations, with direct CDS/CDSX experience required
Prior experience at a Canadian broker-dealer or major Canadian financial institution
Strong understanding of Canadian settlement conventions and best practices
Demonstrated ownership of operational risk and controls, not just execution
Experience managing settlement fails, reconciliations, and time-sensitive exceptions
Proven people management experience, including hiring, coaching, and performance management
Strong analytical skills and comfort working with data to drive decisions and automation
Ability to operate with a high degree of autonomy in a fast-moving environment
Clear, direct communicator with strong judgment under pressure
Understanding of CIRO rules and guidance as it relates to settlements
Understanding of CDS participant requirements and best practices
Canadian Securities (CSC) course certification
Nice to have:
Partners, Directors, and Senior Officers Course (PDO) certification
Knowledge of DTC settlement systems and processes
Knowledge of Global Custody structure and workflows