Settlements Manager

A little about Capital Power

Capital Power (TSX: CPX) is powering change by changing power. This north star guides our ambitions, focus, and actions as we transform our energy system to power a net zero future. We’re a growth-oriented North American energy transition company headquartered in Edmonton, Alberta. We deliver reliable, affordable and decarbonized electricity solutions that communities can depend on.

Our people are at the core of our journey to get to net zero by 2045 and are transforming the future of power generation as a collaborative team of experts and innovators. We provide purpose-driven work in a safe and inclusive environment, and we live by our values. With us, your contributions matter. We’re here to partner with you so you can learn, innovate, and forge a career that’s meaningful to you. Join us in powering a clean energy future!

Your Opportunity

One Permanent Full Time Position.

Are you an ambitious and driven professional looking to take the next step in your Finance career? Look no further!  Capital Power Corporation is seeking a Settlements Manager to join our world-class team.

As the Settlements Manager, you will play a crucial role in ensuring the flawless execution of our settlement processes for trade settlements. You’ll lead a team of settlement specialists, making sure all transactions are settled in an accurate and timely manner, reducing operational risk, and adhering to applicable regulations.

You will contribute to our team by:

• Leading a team of Settlement Analysts.
• Overseeing the settlement process, including compliance with contract terms, reconciliation, and payments.
• Ensuring the timely and accurate settlement of trades and retail sales, guaranteeing that securities and cash are delivered or received according to contractual obligations, following up on outstanding settlements as required.
• Developing and implementing efficient processes for settlement, including trade reconciliation, invoicing, and payment.
• Promptly investigating and resolving any discrepancies or disputes related to settlements and working together with internal and external parties.
• Providing accurate and timely financial reporting on settlement activities, including profit and loss analysis.
• Collaborating with trading, risk management, and finance teams to ensure timely and accurate settlement processes.
• Monitoring settlement processes to identify and mitigate potential risks, such as failed trades or market disruptions.
• Assessing and mitigating risks associated with settlement activities, implementing robust controls and procedures.
• Addressing and resolving conflicts arising from settlement discrepancies or issues among different parties involved.
• Collaborating closely with data science and trading teams to improve settlement systems and processes, using automation and technology.

What you will bring to the role:

Education:

• Completed Bachelor’s Degree in Business, Accounting or Equivalent.
• Education equivalency may be considered with related experience.

Experience and Technical Skills:

• 3 to 5-years’ experience in the accounting field.
• Thorough understanding of trade books and trading activities with a strong grasp of overarching business dynamics.
• Exceptional analytical and problem-solving skills to identify and resolve any settlement-related issues.

Working Conditions:

• Hybrid Office/Work from home position, with possible very minimal travel to meet business users at Capital Power facilities or other offices.

Additional Details:

Clearance of Credit check is required for this position.

In order to be considered for this role you must be legally eligible to work in Canada.

The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.

Depending on the posting requirements relocation assistance may be available.

How To Apply and Next Steps

Capital Power only accepts resumes via online application at www.capitalpower.com/careers. If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.

Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting careers@capitalpower.com.

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.

To apply on this position please go to www.capitalpower.com/careers and search for JR805902.