Trading Assistant

We are currently seeking a full-time Trading Assistant to join our team.

As a Trading Assistant, you will be an integral member of the Portfolio Operations team, collaborating closely with the Investment team and various departments to provide essential operational and transactional support.

Reporting directly to the Manager, Trading Operations, this role demands a solid understanding of fixed-income securities and prior experience in hedge fund middle / back-office functions.

The duties and responsibilities of the Trading Assistant include but are not limited to :

Trade Capture and Settlement :

• Ensures the prompt and accurate execution of all aspects of trade capture and settlement processes, including bonds, equities, money market, options, swaps, and futures;
• Provides support for automated processes on a busy OTC bond desk, ensuring efficiency and reliability in trade execution;
• Books, instructs, and coordinates the timely and accurate transfer of securities and cash movements, ensuring precision in execution and settlement.

Issue Resolution :

• Communicates daily with portfolio managers, counterparties, prime brokers, custodians, operations, and administrators to resolve trade capture and settlement issues effectively;
• Investigates and follows up on trading-related discrepancies, ensuring integrity and compliance with established procedures and policies.

Risk Management and Reporting :

• Monitors fail reports and aged settlements, promptly identifying and correcting any discrepancies in trade settlements with accuracy and timeliness;
• Assists in daily risk management and end-of-day reporting, including performance measurement and attribution tasks as required.

Control and Compliance :

• Manages existing financial control procedures and proactively identifies opportunities for process improvement or enhancement to strengthen controls;
• Conducts daily reconciliations to ensure the accuracy and integrity of trading activities;
• Independently checks for accuracy and identifies any deviations from procedures and policies, safeguarding investor interests in an informed and professional manner;
• Provides general support for the trading desk and performs ad hoc tasks and analyses as needed to support trading operations.

Critical Competencies

• Technical Knowledge Possesses expertise in fixed income securities and derivative operations with technical proficiency gained through both education and professional experience.
• Collaboration Effectively integrates within a team of experienced research, execution, quantitative, and structuring portfolio managers, emphasizing unity and cooperative success.
• Operational Excellence Demonstrates knowledge of ethical standards and control principles, confidently upholding the organization’s control and service standards.
• Communication Possess excellent communication skills with a firm command of written, verbal, and interpersonal skills necessary to present complex technical information in an easy-to-digest format.
• Attention to Detail Must be focused on accuracy and making sure that instructions are captured and executed with precision and care.
• Integrity Maintains ethical standards and upholds RPIA’s values. Earns trust and maintains confidence, especially when handling sensitive information.

Speaks plainly and truthfully.

Teamwork Promotes a team-first culture, motivating team members and fostering a collaborative work environment.

Requirements

• Must possess expertise in fixed income securities and derivative operations.
• 1-2 years in hedge fund operations preferred; previous experience with investment systems such as Bloomberg, Calypso, Markit, CTM, and Icelink considered an asset.
• Strong computer skills, including solid grasp of MS Office applications
• Advanced Excel, VBA and Python scripting skills are required
• Bachelor’s degree in Accounting, Finance, Business, or a related field preferred. Achievement of, or active pursuit of, a CFA designation or CSI Derivatives Fundamentals course is preferred.

Additional Information

• Position Type : Full-Time Permanent
• Work Location : Toronto
• To learn more about life at RPIA, visit https : / / rpia.ca /
• Read our firm’s magazine, Voices of RPIA : https : / / online.flippingbook.com / view / 102868306 /

RPIA is proud to be Great Place to Work Certified™. What sets us apart?

• Exceptional single and family benefits package that includes health, dental and vision insurance plus additional Health Care Spending and Wellness credits.
• Homewood Health Employee and Family Assistance Program to support mental wellbeing and extends to all family members in your household.
• Opportunities for professional and personal growth through :
• Cross-functional Mentorship Program
• Internally curated Leadership Skills training program
• Community outreach opportunities organized through our volunteer lead Allyship and Social committees.

RPIA is an Equal Opportunity Employer

We believe in the power of diversity of thought, and we aspire to have an inclusive workplace that mirrors the fabric of our community.

We strongly encourage applications regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.

We are committed to providing an accessible and equitable application and hiring process and will make accommodations should you require it at any point.

We encourage you to connect with us at [email protected] if you require accommodation during the recruitment process.

Our culture is defined by our five core values : excellence, partnership, transparency, integrity, and community. Our clients often say the outstanding service we deliver is as important to them as the returns we achieve for them.

With over 100 employees and $8+ billion under management for a broad investor base of institutions and private clients, we proudly remain privately owned by employees who invest alongside our clients.