Ontario Financing Authority Looking for SETTLEMENTS OFFICER at Toronto, ON Full Time

Are you interested in capital markets transactions, analyzing financial data and developing strategies and options to settle complex accounts? Consider this exciting opportunity to join the team that is responsible for settling, accounting for and reporting on the Province’s and the Ontario Electricity Financial Corporation’s (OEFC) debt, Interest on Debt (IOD) and investments. You can find further information about our work, on the Ontario Financing Authority (OFA) website.

About the OFA:

• An agency of the Province of Ontario that manages the Province’s debt and borrowing program;
• The OFA is committed to its core values of respect, innovation, teamwork and accountability. We strive to foster a respectful, inclusive and supportive workplace while working in a dynamic, fast-paced environment.
• OFA employees are appointed pursuant to the Public Service of Ontario Act and you will retain your seniority date, pension and benefits

Note: This position is located at the address listed on the job advertisement; however, flexible and temporary hybrid work arrangements are available.

What can I expect to do in this role?

In this specialized role, you will:

• provide settlements, payments, accounting and fiscal agency services to the Province of Ontario, corporations and other government ministries and agencies
• conduct activities critical to the Province’s debt and investment activity, financial instruments (foreign exchange, money market, bond and loans), financial and systems controls, settlements (confirming, monitoring and liaising with counterparties on trades), payments, systems and processes
• provide economic, financial and policy advice to coordinators and manager on complex developments in volatile financial markets, analyzing their impact on provincial finances in terms of risk and settlements for both immediate and future
• coordinate or participate in projects related to operational risk reduction and other control procedures requiring sophisticated analytical expertise

How do I qualify?

Technical Knowledge:

• You have knowledge of capital markets activities, finance, banking and financial instruments
• You have knowledge of financial analysis, systems and controls, as well as accounting and audit practices, to monitor requisitions and journal entries for accuracy and compliance with the governments accounting practices
• You have knowledge of various complex financial software products (i.e. treasury, accounting, and bank payment systems)
• You have knowledge of risk management and integrated computerized systems, to develop internal systems of control, and provide advice on systems development

Analytical and Problem-Solving Skills:

• You can identify and resolve issues impacting the Agency and support the Agency in achieving its objectives
• You can identify external impact on internal strategy and considers how present policies, processes and methods might be affected by future developments and trends
• You can research emerging issues and potential financial and risk impacts of changes to capital markets
• You can advise coordinators and managers on appropriate policies and procedures to address and manage risks

Communication and Interpersonal Skills:

• You can communicate effectively with internal and external stakeholders such as other members of the OFA and the Ontario Public Service (OPS), as well as other counterparts and service providers
• You can build and maintain operative partnerships and business relationships with others
• You can identify opportunities for collaboration and work cooperatively with all partners to meet mutual goals

Planning, Project Management and Leadership Skills:

• You can coordinate/participate in e-projects related to operational risk reduction and other control procedures
• You can participate in the planning, development and implementation of settlement policies and improve operational procedures
• You can coordinate in developing, maintaining and supporting systems required to service the settlement-related business of the Province, corporations and other government agencies
• You can provide direction on how to improve processes and update settlement procedures on a regular basis
• You can provide guidance/mentorship and recommend appropriate courses of action to settlements staff

OPS Commitment to diversity, inclusion, accessibility, and anti-racism: We are committed to build a workforce that reflects the communities we serve and to promote a diverse, anti-racist, inclusive, accessible, merit-based, respectful and equitable workplace.

We invite all interested individuals to apply and encourage applications from people with disabilities, Indigenous, Black, and racialized individuals, as well as people from a diversity of ethnic and cultural origins, sexual orientations, gender identities and expressions.

Visit the OPS Anti-Racism Policy and the OPS Diversity and Inclusion Blueprint pages to learn more about the OPS commitment to advance racial equity, accessibility, diversity, and inclusion in the public service.

We offer employment accommodation across the recruitment process and all aspects of employment consistent with the requirements of Ontario’sHuman Rights Code. Refer to the application instructions below if you require a disability-related accommodation.

Additional Information:Address:
1 Permanent, 1 Dundas St W, Toronto, Toronto Region

Compensation Group: Management Compensation Plan

Understanding the job ad – definitions

Schedule: 6

Category: Finance and Economics

Posted on: Friday, June 24, 2022

Note:
Effective, April 1, 2022, the updated salary range for this position is $65,826 to $92,030 per annum.

The information that you provide for the purpose of this competition and the results from this competition may be used to fill other positions. These positions may be of various tenures, including short-term assignments. Your information and the results from this competition will be retained for the purpose of filling vacancies in accordance with the applicable collective agreement or policy provisions.

W-FI-183276/22