We are recruiting for a Senior Claims Processing Associate on behalf of our client,  a large international bank expanding their Canadian presence.

Roles and Responsibilities

• Responsible for the clearance and settlement of the firm’s trading activities.
• Responsible for reporting failed trades and reconciling positions held at agent banks against firm holdings.
• Daily interaction with various internal departments within the firm, along with support of trading groups, mid-office staff, and correspondent clearing and affiliate activities.
• Claims processing related to US FED wire eligible instruments under guidelines & best practices.
• Monthly preparation of claims to be sent to counterparties from failing UST trades.
• Follow-up on claims to ensure they are transmitted 
• Research on incoming claims utilizing both BNY BDC clearance system, BNY RDARS, and Phase3.
• Coordination on problem claims and counterparts
• Coordination with Finance, Billing & Control & Reconciliation teams on the updates of claims resolution.

Qualifications and Skills

• 5 years of previous experience in dividends/reorg/corporate actions processing in Capital Market Back Office.
• Must be willing to work with and articulate-dealing with trading personnel & salespeople daily.
• Mastery of Excel & PowerPoint. Knowledge of DTCC and SunGard FIS Phase3 system preferred; DTCC, FEDWIRE; Euroclear & Clearstream knowledge required. Understanding of claims processing and TMPG specific guidelines required.
• University degree desirable.
• Knowledge of capital market financial products and activities.