Analyst, Corporate Actions Processing

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?

The Canadian Depository for Securities (CDS) serves as Canada’s national securities depository, clearing, and settlement hub, providing the vital infrastructure required to support the integrity and efficiency of the Canadian capital markets. Within this ecosystem, the Asset Services Processing unit manages the entire lifecycle of Corporate Actions payment processing for securities held by CDS.

As an Analyst, Corporate Actions Processing, you will play a pivotal, high-impact role centered on managing the operational life cycle of all mandatory corporate action processing (such as Distributions, Name Changes, Mergers, and Stock Splits). Functioning as a reliable and essential informational connector, you will contribute significantly to the wider Canadian Capital Markets Infrastructure by ensuring the timely and accurate processing of all Corporate Action payments to CDS Participants. A vital aspect of this position is the unwavering commitment to cultivating and sustaining professional, courteous, and effective relationships with both external business contacts and diverse internal stakeholders.

This role reports to: Manager, Corporate Actions Processing

Job Location: Hybrid (2-3 days in office) - based in Toronto, ON.

Key Accountabilities

• Event Analysis & Deadline Management: Analyze corporate action event information, option terms, tax implications, and legal requirements to ensure full comprehension of each event. Proactively identify, diarize, and monitor critical dates (expiries, payment dates) to guarantee all deadlines are strictly met.

• Processing & Payouts: Manage the end-to-end execution of corporate actions to ensure seamless event processing while maintaining system integrity. Balance payments against proceeds and authorize final participant payouts accurately.

• Operational Optimization: Oversee the rigorous and timely processing of mandatory corporate action events across all requisite internal systems and external platforms. Identify workflow optimization opportunities, implement industry best practices, and leverage technology to enhance reporting efficiency and accuracy.

• Transaction Navigation: Determine, evaluate, and log applicable fees for exceptional, standard, and intermediate corporate action requests following thorough evaluations.

• Strategic Partnership & Stakeholder Relations: Cultivate and sustain professional, courteous, and effective relationships with external business contacts and diverse internal stakeholders. Liaise with Transfer Agents, Paying Agents, the Depository Trust Company (DTC), and Legal Counsel to validate payment details and swiftly resolve discrepancies.

• Proactive Risk Mitigation & Escalation: Ensure strict adherence to established protocols for the timely escalation of operational issues to management. Proactively analyze existing procedural frameworks and internal controls, proposing targeted improvements to mitigate risk, uphold a commitment to customer consideration, and guarantee best-in-class operational standards.

Must Have(s)

• Sound understanding of the Canadian Securities Industry (Equities/Fixed Income).
  2 to 3 years of proven experience within financial services, capital markets, or securities operations, with a specific focus on Asset Services or Corporate Actions processing.

• Post-secondary degree in Business, Commerce, Finance or a related field.

• Strong analytical skills with the ability to interpret complex corporate action event terms, tax implications, and legal structures.

• Proven ability to manage multiple high-priority transactions and other deadlines in a fast-paced environment.

• Great analytical/accounting skills to accurately determine standard to intermediate entitlement payments and finalize corporate action processes.

• Excellent time-management and organizational skills, with a demonstrated ability to manage critical financial deadlines and high-volume workloads.

• Strong communication and interpersonal skills to effectively collaborate with internal teams and external entities (e.g., Transfer Agents, DTC, Legal Counsel).

• Proficiency in navigation of financial systems, operational platforms, and reporting tools.

• Intermediate to expert proficiency in Microsoft Excel and Google Workspace. 

Nice to Have(s)

• Knowledge of Canadian capital markets infrastructure and CDS/DTC operations.

• Relevant industry certifications (e.g., Canadian Securities Course (CSC) or equivalent).

• Bilingual in English/French is an asset

Salary Range: $60,000/year - $65,000/year CAD. 

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position. 

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.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.