Senior Clearing and Settlements Specialist

Permanent contract|Montreal|Banking operations processing

Senior Clearing and Settlements Specialist

Montreal, Canada Permanent contract Banking operations processing



What are you applying to?

Societe Generale Capital Canada (SGCC) is actively recruiting for a Senior Clearing and Settlements Specialist for its Montreal office. The position being offered is within the Operations department and handles the middle and back-office processing for Global Banking and Investor Solutions (“GBIS”) Capital Markets Agency business lines (Markets & Financing). OPER implements all necessary means to ensure the operational, administrative, and financial processing market and credit operations initiated by business lines. In addition, OPER ensures the control and security of transaction processing in accordance with current financial legislations.

What will be your day-to-day?

  • Settlement of fixed income, equity and option products in the US and Global markets
  • Reconciliation of cash positions and stock record between custodian/clearing agents/banks vs. in-house systems
  • Reconciliation of all suspense and control accounts
  • KPI/KRI reporting with full details around root cause and resolution
  • Continuous efforts to resolve all breaks including fails with counterparts

Profile required

What you bring to our team:

  • Bachelor’s Degree in Business (Finance, Accounting, Economics, Marketing or related field), or equivalent
  • 3-7 years related experience
  • Understanding of trade flow and products for fixed income, equities, and options
  • To be able to multitask and meet deadlines
  • To advise and escalate on issues when necessary
  • To work together with counterparts, customers, other departments and outside vendors
  • Comprehensive knowledge of processing domestic and international settlements
  • Strong communication skills, written and verbal
  • Good inter-personal and partnering skills, a “team-player”
  • Ability to prioritize and work in a dynamic environment

Technical Skills:

  • Proficiency with clearing and settlements tools and systems.
  • Proficient in Microsoft Excel, Word and Outlook

Work schedule is based on the calendar of the US Federal Reserve Bank. 

  • Must be flexible to work between 8:00am and 7:00pm.
  • Overtime and late shifts on occasion

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).

What we do differently at Société Générale

  •  Competitive compensation & benefits offering, including but not limited to:
    • Minimum of 20 days Vacation days + 4 personal days
    • Supportive Maternity, paternity, parental and adoption leave policy
    • Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.);
    • Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family;
  • There are many Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.
  • We foster a culture of continuous development by encouraging our employees to seek improvements through various training programs (online training and coaching platform such as Coursera, GoFluent, PluralSight, First Finance, and others)

Why join us

Why Join Us

It is with a long-term approach that we are engaging with the world as it is today: a world in which economic development goes hand-in-hand with environmental and social progress.

As a result, we made Team spirit a central value at Societe Generale Canada. We work together to be able to offer each employee the tailored approach they require to grow.

As soon as you arrive, you will be integrated into our teams and will learn every day alongside experts, who will support you in your task.

Get ready to join an innovative company where you can bring your full self to work and evolve with forward-thinking individuals to build the bank of tomorrow!

Business insight

About us

Expanding its activities in Montreal, Société Générale Group is a large multinational bank that counts 130 000 employees located in more than 60 countries around the globe.

At Société Générale, reimagining green IT impact with our focus on sustainable movement is how we interpret our mission as responsible bankers.

Société Générale has positioned itself as a frontrunner in supporting the energy transition and carbon net zero financing.

People are the drivers of change and the world of tomorrow will be shaped by our collective creativity, combined experiences, and diversity of opinions, so that together we can have a positive impact on the future!

Teamwork and collaboration are something that we don't only talk about but that we embody through our work and global initiatives.

#LI-Hyrbid #LI-CP1

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000PZJ
Starting date: 2022/11/07
Publication date: 2022/09/16