Are you a student looking for an opportunity to build your career over the summer? Are you passionate about making a difference?
The Summer Employment Opportunities program provides students with opportunities to obtain valuable work experience, gain transferable skills, and build professional networks.
- LEARN: Jump start your career, whether you want to learn business skills, use your French language skills, help out in a lab, or work outdoors. Put the knowledge you’ve acquired at school into action.
- GROW: Enhance your skills and expand your network by working on projects, leading initiatives and sharing your ideas. Transfer the skills you learn to your future school and work experiences.
- CONTRIBUTE: In addition to advancing your professional and personal skills, you will also give back to your community. Spend your summer working to support the interests of Ontarians!
Information to assist you with the application process, including the Application Guide is available at Summer Employment Opportunities. Within your application, you will have the opportunity to identify the skills, work preferences and qualifications you have that make you a suitable candidate for this position.
This job posting represents multiple positions within different ministries and at various locations across Ontario. Certain cities may be located in distant or remote areas in Ontario and may not be accessible by public transit. Carefully review locations through Google Maps and select ONLY those cities that you are able to travel to and work in.
Note: Relocation expenses and/or accommodations are not covered by ministries.
About the job
Are you a highly motivated, analytical person focusing on Capital Markets and interested in accounting, settlements or risk management? If yes, please consider the Ontario Financing Authority (OFA), the Province's treasury and debt management agency, for your next summer job. The OFA, on behalf of the Province of Ontario, uses sophisticated financial instruments to manage the cost and risks arising from debt issuance and management in domestic and foreign capital markets. For more information about the OFA, please see www.ofina.on.ca
Summer positions are available in the areas of Accounting, Risk Control and Settlements. These positions will provide students with opportunities to familiarize themselves with debt and related hedging instruments, such as bonds, swaps, futures, and options used by financial institutions and institutional investors, their accounting and settlement, risk monitoring and reporting.
Work Description:
These positions will support different teams on a range of financial initiatives and business activities, including:
Accounting
- Assist in the financial reporting process of the Public Accounts and year-end audit.
- Assist in the routine tasks of accounting and processing (e.g. reconciliation and other reporting functions).
- Assist in conducting research on industry best practices pertaining to financial reporting and financial instruments.
Risk Control
- Follow established procedures to support the timely generation and analysis of market and credit risk, as well as public debt interest reports.
- Use industry-leading applications, such as Bloomberg, to monitor developments in government bond and credit markets.
- Provide statistical and other analytical support.
Settlements
- Assist in confirming and settling capital markets transactions, preparing wire payments for interest on debt swap, foreign exchange, money market, and bond transactions, as well as loan payments.
- Assist in maintaining financial transactions in the Ontario Financing Authority's treasury and preparing accounting entries in OFA's systems.
- Assist in monitoring each financial transaction throughout the settlement process by ensuring completion, receipt, and payment in order to avoid interest charges, penalties, and/or harm to the Province's reputation.
What you bring to the team
Mandatory requirements
You must meet all eligibility criteria on the first day of employment to be eligible for these positions.
- Student Status: All summer jobs require a “student” status. A student is defined as someone enrolled in a secondary or post-secondary institution (currently or for the fall semester) or has graduated within the past six months. If you graduated in January, you could apply for and start a summer student position in the Ontario Public Service up until June of that year.
- Age: You must be a minimum of 15 years of age. Due to program eligibility requirements, certain opportunities require students to be up to 24 years of age (or up to 29 years of age for a person with a disability). Certain positions require you to be a minimum of 18 years of age. You must meet all age requirements for the position by May 1, 2017.
- Residency: You must be a resident of Ontario during the term of employment.
- Work Status – Ability to Work in Canada: You much be legally entitled to work in Canada. You are also required to have a valid Social Insurance Number (SIN) upon being hired.
Communication and Interpersonal Skills
- You apply your written communication skills to document findings, record data, and prepare a variety of documents (e.g. reports, presentations, meeting minutes, etc.).
- You apply your customer service skills and your verbal, written, and active listening communication skills to perform reception duties, respond to phone, email, and in-person inquiries, and provide information to internal clients and/or the public.
- You apply your initiative and interpersonal skills to work collaboratively within a multi-disciplinary team.
Technical Skills and Knowledge
- You apply your experience using Microsoft Office applications, such as Word (word processing) and Excel (spreadsheets), as well as databases, email, and the internet to conduct research and prepare a variety of documents.
- You apply your knowledge of the accounting principles of financial instruments to financial reporting.
- You apply your knowledge of financial instruments, such as bonds, derivatives, swaps, options, and money market instruments.
- You apply your knowledge of Canadian Depository for Securities (CDS), Depository Trust Company (DTC), and the International Swaps and Derivatives Association (ISDA) terminology.
Analytical and Organizational Skills
- You apply your planning and organizational skills to collect, organize, review, and verify information/data through review of files, reports, and other means.
- You apply your research and analytical skills to conduct research, perform various types of analysis (i.e. quantitative, qualitative and statistical), and synthesize and summarize information.
- You input data accurately, paying close attention to detail.
- You work independently or as part of a team; you plan, organize, and prioritize your work to meet competing deadlines.