Financial Analyst, Accounting (Fidelity Clearing Canada)

Financial Analyst, Accounting (Fidelity Clearing Canada) JobApply now »
Date: Apr 29, 2010
Location: Toronto, ON, CA

Financial Analyst, Accounting (Fidelity Clearing Canada) - 1001707

Description

Financial Analyst, Accounting - Fidelity Clearing Canada

National Financial, a Fidelity Investments company, offers broker-dealer firms access to a comprehensive clearing platform, inclusive of a dedicated service model, a powerful global trading platform, and a source of leading investment solutions, all designed to help them grow confidently. National Financial's comprehensive offering enables it to serve broker-dealers of various types and sizes that can serve your evolving needs. In addition to being a leading clearing provider in the U.S. for nearly 30 years, National Financial leverages the strength and experience of Fidelity Investments, one of the world's largest providers of financial services. As of March 31, 2010, National Financial has approximately 300 client firms representing over $576 billion in assets under administration.

National Financial has expanded their services in the Canadian market place and as a result, Fidelity Clearing Canada ULC is seeking a Financial Analyst, Accounting to be part of this business.



Position Description

The Financial Analyst, Accounting reports to the Manager, Accounting and is responsible for the preparation of operating budgets, forecasts, variance analysis and regulatory monitoring and reporting for a self-clearing broker dealer, member of the Investment Industry Regulatory Organization of Canada ("IIROC").

Responsibilities

* Create and develop key business unit reports that capture key measures of success including:

* Monthly management reports which includes key sales, sales opportunity, and financial success against pre-determined targets.

* Monthly and Quarterly business unit scorecards

* Sales Opportunity (pipeline) reporting

* Contribution analysis for new busines

* Execute all regulatory related reporting including:

* Daily risk adjust capital (RAC) forecasts

* Daily capital usage reporting

* Monthly financial report (MFR) filed with IIROC

* Reconciliation of the monthly MFR to the weekly RAC forecast

* Year end Joint Regulatory Filing Questionnaire and Report (JRFQ&R)

* Assist in the development and preparation of the following:

* annual budgets

* capital budgetting

* monthly forecasts

* monthly budget to actual variance analysis

* contribution analysis on various lines of business including profitability forecasts and sensitivity analysis

* reports to management on issues related to forecast and contribution

Qualifications

Education, Experience and Licenses

* University degree with a focus on business (Accounting, Economics, Commerce preferred)

* Completion of or working towards a financial/accounting designation (CGA or CMA preferred)

* 4 years experience working in a finance department with a minimum of 2 years experience in financial analysis (preferably with an introducing/ self-clearing broker dealer)

* Experience modeling, reporting, budgeting and/or business planning

* Completion of the Canadian Securities Course (CSC)

* Completion of CICA - In-depth Brokerage Course is an asset

Skills and Knowledge


* Knowledge of Dataphile or ISM, IIROC financial compliance rules and Microsoft applications (Excel, MS Access )

* Ability to meet strict deadlines and adapt to unique and changing expectations

* Ability to effectively liaise, build relationships and use appropriate influencing strategies with stakeholders at all levels of the organization

* Excellent communication skills with the ability to translate complicated concepts into business terminology

* Ability to effectively make presentations to diverse internal audiences

* Strong attention to detail

INTERESTED APPLICANTS MUST APPLY ONLINE AT: www.fidelity.ca

If you are interested in this opportunity with Fidelity, please answer the prescreening questions and submit your resume.

NO AGENCIES PLEASE

Fidelity Worldwide:

Fidelity has been managing mutual funds since 1946. Worldwide, Fidelity serves over 20 million investors, offers more than 400 mutual funds, and has total managed assets of more than U.S. $1.3 trillion (as at June 30, 2009).

Fidelity has research offices in Boston, London, Tokyo and Hong Kong and employs more than 900 portfolio managers, analysts and traders

Education Level

: Bachelor's Degree (±16 years)

Job

: Finance

Job Level:

: Individual Contributor

Job Type

: Standard

Overtime Status:

: Non-exempt

Primary Location

: ON-Toronto

Schedule:

: Full-time

Shift:

: Day Job

Travel:

: No

Job Segments: Accounting, Compliance, Finance, Financial, Financial Analyst, Law, Legal, Mid-Range, Technology