Manager Credit

Who we are:

Canaccord Genuity (CG) is a leading independent full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. CG is driven by an unwavering commitment to build lasting client relationships – we achieve this by generating value for our individual, institutional, and corporate clients through comprehensive wealth management solutions and investment banking services. We are a leading independent wealth management firm in Canada, and the leading mid-market provider of investment banking advisory, equity research, sales and trading services for corporations and institutions.

We pride ourselves on understanding our clients’ needs and finding innovative, bespoke solutions. Our entrepreneurial and friendly team will challenge you to learn and grow every day. We value great work and collaboration and strive to eliminate bureaucratic thinking. We’re looking for talented people who thrive in a fast-paced environment and want to have an impact with innovative ideas and best practices.

Come be a part of our Canadian success story and help deliver superior experiences for our clients. At CG, we recognize that diversity across our business strengthens our client relationships and enables more innovative solutions. We strongly encourage applications from all qualified individuals regardless of race, religion, color, national origin, gender, sexual orientation, age, marital status, or disability status. CG provides an accessible candidate experience. If you need any accommodations throughout the interview process and beyond, please let us know.

Our Canadian operation, Canaccord Genuity Corp., is currently seeking an experienced Credit Manager to join us in a Senior capacity in our Toronto office. This role will report into the SVP Risk Managerment based in Toronto. The successful candidate will be responsible for monitoring of Credit reports and ensuring compliance with regulatory agencies, ensuring timely settlement of accounts and safeguarding  the firm’s capital.

Responsibilities:

• Manage a team of Credit Specialists based in Toronto
• Review large margin debits to mitigate risk to the firm.
• Initiate sell-outs where overdue accounts have not been resolved or margin calls have not been met;
• Oversee accounts which are highly leveraged or concentrated in one security to minimize the firm’s overall exposure;
• Respond to ongoing market fluctuations of individual accounts or securities that represent special credit risks;
• Respond to inquiries from Investment Advisors pertaining to Credit Issues.
• Assist in the preparation of weekly and monthly regulatory capital reporting to the Canadian Investment Regulatory Organization (CIRO)
• Respond to inquiries from CIRO regarding credit related issues

Skills & Qualifications:

• Seven  to ten years of experience in Credit;
• Thorough knowledge of CIRO cash and margin rules and regulations;
• Understanding of Option accounts and principles of margining option positions;
• Strong organizational skills complemented by the ability to work well under pressure and meet deadlines;
• A self-starter with the ability to excel in a high volume work environment;
• Ability to take initiative and make sound decisions based on good judgment;
• Good communication and interpersonal skills;
• Excellent problem-solving skills;
• Advanced MS Office (Word, Excel, Outlook) skills;
• Knowledge of Dataphile as well as Industry-related courses is an asset.

#LI-SK1 #LI-Onsite #INDHP

All applications will be held in strict confidence.

In order to be considered for employment, candidates selected for interviews will be required to show proof of citizenship, permanent residence or eligibility to work in Canada with no restrictions.

Protecting your online safety:

Canaccord Genuity and its affiliates do not use text messages for recruitment purposes. If you have received a text message claiming to be from CG or an authorized representative regarding job recruitment, please treat as fraudulent and do not respond.

We wish to thank all candidates for their interest but only those applicants selected for an interview will be contacted. No phone calls please. Thank you for your understanding.