The Stock Transfers job handles the changes in securities ownership, as part of the securities transfers/delivery department. This department may also be responsible for procedures related to dividends recording, for sending certificates to be deposited with a Clearing Corporation, and for transferring large amounts of securities quickly (through a rush or wire transfer) to help expedite settlement of large dollar value trades.

Responsibilities Include

  • Safekeeping of securities, as well as looking after all dividends
  • Maintaining the firm's inventory accounts
  • Arranging for collateral loans when the firm has to borrow, and arranging the payoff of loans when there is excess money
  • Working with transfer agents
  • Applying the firm's policies and procedures

Earning Potential

$32,700-$42,700/year
Avg Salaries from Canadian job sites

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