Analyst, Payroll

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. 

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

The Analyst, Payroll will provide high quality support to Tower by maintaining integrity of HR’s information systems, and supporting Tower employees with payroll and benefits service.

Responsibilities

• Processing end-to-end Canada payroll semi-monthly
• Leading the year-end process, including the reconciliation and distribution of T4, and RL-1 slips, and filing the relevant summaries with CRA and Revenu Québec
• Manage and reconcile provincial obligations such as HSF (Quebec), and Workers' Compensation (WSIB/CNESST) premiums
• Staying current on Canadian federal and provincial labor standards and tax legislation changes to ensure continuous compliance
• Timely issuance of Records of Employment (ROE) for all leaves and terminations
• Owning the general ledger reporting process and reconciling payroll accounts
• Monitoring the Payroll and Benefits email inbox, and being a point of contact to assist employees 
• Back-up support on auditing and incrementally processing the America’s payrolls including US multi-state semi-monthly and bi-weekly payrolls, and Cayman monthly payrolls
• Producing payroll and compensation reports as scheduled for various departments 
• Coordinating with HR for onboarding, offboarding, and maintaining the relevant systems 
• Leading benefits orientations, enrollments and administration of Canada employee benefit plans
• Helping with the development and execution of a robust wellness benefits program
• Managing the full leave of absence cycle
• Maintaining benefits material on Workday, and helping with employee communications
• Preparing and distributing relevant employee departure memos and other time sensitive notices
• Reviewing weekly benefits carrier connections, including conducting audits to ensure accuracy of participant enrollments with vendors and investigating any errors

Qualifications

• A bachelor’s degree in a related field, such as Human Resources
• At least 3 years experience processing payroll in Quebec
• Payroll accounting experience a must
• The ability to maintain confidentiality of sensitive matters and respond effectively to such situations
• Strong communication skills
• Strong PC skills (MS Office) and knowledge of any well-known payroll and benefits systems, Workday preferred
• The ability to learn and understand new software and applications quickly
• The ability to execute processes and scheduled tasks with little supervision

Anticipated annual base salary range is $60,000 - $90,000 USD, plus eligible for discretionary bonus.

Benefits

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world. 

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Our benefits include:

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch, and snacks daily 
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more) 
• Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
• Volunteer opportunities and charitable giving 
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.