Senior Analyst, Derivatives Operations

TMX Group; Old Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Analyst for Derivatives Operations. This role involves ensuring timely processing and support for clearing members in post-trade derivatives activities. You will manage collateral requirements, facilitate transactions, and reconcile cash for various currency accounts. This position offers a dynamic environment where your analytical and organizational skills will shine. Join a team that values collaboration and innovation, and take the next step in your career with impactful work that contributes to the growth of capital markets. If you're ready for a challenge, apply now!

Qualifications

• 3+ years’ experience in post trade listed derivatives such as options and futures.
• Experience in operations clearing and settlement processes.

Responsibilities

• Manage collateral and concentration requirements for margin calls.
• Facilitate clearing transactions for Montreal Exchange listed derivatives.
• Reconcile cash daily for various currency accounts.

Skills

Effective listening

Written communication

Verbal communication

Technical skills

Analytical skills

Interpersonal skills

Organizational skills

Self-motivated

Detail-oriented

Education

Post-Secondary education in Commerce

Business Administration

Finance

Tools

CDSX

Sola Clearing

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

The Canadian Derivatives Clearing Corporation (CDCC) provides clearing and settlement services for all Montreal Exchange listed derivatives, select over-the-counter (OTC) derivatives, and Fixed Income products.

Reporting to the Manager, Business Operations, the Senior Analyst, Derivatives Operations is accountable for ensuring complete and timely processing as well as support for CDCC Clearing Members in areas such as:

• Post trade derivatives clearing and settlement activities;
• Margin and collateral processing (cash and securities);
• Processing payments in both domestic and international currencies;
• Customer Support throughout the various clearing cycles.

Key Responsibilities

• Manage collateral and concentration requirements, including collecting collateral (securities pledge or cash) to satisfy intra-day and end-of-day margin calls;
• Facilitate clearing CDCC member transactions for Montreal Exchange listed derivatives products.
• Oversee fixed income clearing and settlement processes.
• Reconcile cash daily for various currency accounts with CDCC Settlement Banks.
• Ensure timely completion of daily netting cycles, payment processing, and settlements;
• Ensure Clearing Members fulfill their trade settlement obligations.
• Support Montreal Exchange for new/existing products/listings and client derivatives trade/position needs.
• Participate in Business Continuity Program, Disaster Recovery Program, Default Simulation, and other testing exercises.
• Collaborate with internal partners in Technology, Client Services, Risk, and other CDCC teams.
• Adhere to internal procedures, rules, audit requirements, and internal controls verification processes.
• Recommend improvements to existing processes, services, and procedures to enhance customer service and operational efficiency.
• Assist with projects and special assignments, including system configuration, as needed.

Must haves:

• Post-Secondary education in Commerce, Business Administration or Finance
• 3+ years’ experience in post trade listed derivatives (e.g. options and futures)
• Experience/knowledge in Operations clearing and settlement processes
• Effective listening, written and verbal communication skills
• Strong technical, analytical, interpersonal and organizational skills
• Self-motivated team player
• Accurate, detail oriented and able to work in a time sensitive environment

Nice to haves:

• Experience with CDSX and Sola Clearing

Note:

• Woking schedule: 7.5-hour rotating shift performed between 8 a.m. and 7 p.m. from Monday to Thursday and until 11 p.m. on Fridays.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX? Apply now.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.