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.

The Manager is responsible for the oversight and 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.
***** This role is hybrid (2 - 3 days/week in the office) - based in Toronto, ON.
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* Key Accountabilities:

*** Manages a department of Cash Management team members
* Responsible for reviewing, approving and authorizing daily transactions, ensuring all client disbursements and reconciliations prepared and performed by team members are completed accurately and within required timelines
* Prepare monthly reporting of Client Segregated Funds which includes the reconciliation of client bank accounts
* Responsible to 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 relationship with Transtar as it relates to Cash Management
* 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, ensuring department policies and procedures are kept up tp date
* Responsible for ensuring adequate and appropriate controls are in place for processing client disbursements and ensuring staff members are adhering to the control framework
* Ensures cross border wire reporting to FINTRAC is completed
* Responsible for foreign exchange settlements for TSX FX Inc. transactions
* 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 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
* CSC
* * In the market for…
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