Team 4- Trust Banking - Senior Officer

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 to $ 78,000 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

About SGGG Fund Services Inc.

SGGG Fund Services is Canada’s largest independent administrator of alternative funds with $120 billion (CAD) under administration. Using Diamond, our proprietary fund administration software, SGGG-FSI’s 400+ global employees provide full-service fund administration to clients from our headquarters in Toronto and affiliate offices in Cayman, the United States, and India. Our vision is to be the first choice for fund administration.

We have repeatedly earned Top Hedge Fund Administrator at the Canadian Hedge Fund Awards, and have been named to several national Great Place to Work lists.

Our office is in the heart of downtown Toronto. We have adopted a hybrid work model that offers great flexibility between working remotely or in the office.

Additional Information

• Please apply ASAP via this Dayforce portal.
• This is a new headcount, and we are actively recruiting for it.
• Start date: 2-3 weeks after Your final interview.

• Additional compensation: Discretionary bonus, benefits, insurance, RRSP match, and generous PTO
• Background Check: Hire contingent on successful completion of references, credit, criminal & education checks (employer paid)

Pre-Hire Knowledge Assessment Requirement

• To ensure candidates possess the foundational skills necessary for success in this role, applicants selected to move forward will be required to complete an AI Proctored pre-hire knowledge assessment. Candidates must meet the benchmark score required to advance in the hiring process. Those who do not meet the benchmark will not be considered for further stages.

AI Disclosure

• We use AI-enabled tools to sort applications based on job-related criteria. A human decides who moves forward. Some AI proctored tests may also be scored with AI; Trained staff review the scores before any decision is made.

IDEA & Accommodations (AODA)

• SGGG-FSI supports a workplace that respects inclusion, diversity, equity and accessibility (IDEA). We appreciate the unique perspectives and experiences each of our employees bring to the job, and our success is underpinned by their contributions to our culture and our values.
• SGGG-FSI welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request an accommodation please use the following email: [email protected].