Manager, Cash Management

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.

United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress.

Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Now Hiring : Manager, Cash Management

The Manager is responsible for the oversight and co-management of the Cash Management Department. Cash Management administers all client segregated accounts and facilitates the preparation and processing of client disbursements, reconciliations, preparation of client account statements and tax reporting statements and tax reporting

Key Accountabilities :

Co-manages a department of ten Cash Management team members

Responsible for ensuring inter-departmental relationships are maintained and nurtured. These other departments include Legal, Compliance, Risk Management, Human Resources, Internal Audit, BCP, Disaster Recovery, Finance and Treasury

Responsible for implementing new regulatory requirements as well as ensuring existing regulatory responsibilities are executed

Oversees monthly reporting of Client Segregated Funds

Responsible for maintain and directing banking relationships with several Schedule I Banks; includes negotiating interest rates and fees

Managing flow of funds between banks to maximize margin income

Responsible for securities brokerage relationships for client transactions, such as Drip purchases and client directed investments

Responsible for reviewing and approving interest quotes to clients for their segregated funds held

Responsible for ensuring all client disbursements prepared by team members are completed accurately and within required timelines

Responsible for relationship with Transtar as it relates to Cash Management

Responsible for ensuring accounting software is continually updated and working effectively

Responsible for coordinating and providing information to internal and external auditors

Responsible to ensure all tax reporting is completed within required deadlines

Responsible for Operational Risk Management for Cash Management

Responsible for ensuring adequate and appropriate controls are in place for processing client disbursements and ensuring staff members are adhering to the control framework

Responsible for developing the Risk Control Self-Assessment for Cash Management

Ensures cross border wire reporting to FINTRAC is completed

Responsible for foreign exchange settlements for TSX FX Inc. transactions

Responsible for planning, which includes short and long term goals of the department plus ad hoc special projects

Executes TSXT corporate strategy as it relates to Cash Management

Must Have (s) :

2 to 3+ years of experience Managing people.

Validated experience with reporting using Excel.

Experience in financial background / banking / accounting industry

Excellent organizational, communication, documentation and management skills.

Excellent leadership and influencing abilities including the ability to drive innovation and change in a constantly evolving environment.

Nice Have (s) :

Tax reporting, Treasury experience

In the market for

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth.

As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we".

Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.