Derivatives Analyst II

IFG International Financial Group Ltd; Ontario; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Derivatives Analyst II to join their dynamic team on a hybrid basis in Toronto. This role involves managing the onboarding process for new accounts and brokers, ensuring compliance with regulatory standards, and overseeing operational readiness within the derivatives trading environment. The ideal candidate will have a solid background in derivatives, strong analytical abilities, and excellent interpersonal skills to foster collaboration with internal and external stakeholders. This is a fantastic opportunity to contribute to a leading financial institution while enhancing your career in the derivatives space.

Qualifications

• 3+ years of industry experience, with at least 1 year in derivative products.
• Strong analytical and interpersonal skills, adaptable to changing environments.

Responsibilities

• Manage onboarding for new accounts and brokers in derivatives trading.
• Oversee operational readiness and collaborate with internal teams.
• Maintain legal documentation and foster broker relationships.

Skills

Derivatives Trading

Analytical Skills

Interpersonal Skills

Process Improvement

Compliance Knowledge

Education

Bachelor's Degree in Finance or related field

Tools

MS Office Suite

Job description

Our client, a financial institution, is looking to hire a Derivatives Analyst II to their team for an initial 12-month contract with a possibility of extension/conversion. This role is currently hybrid in Toronto.

Your responsibilities include:

• Conduct Onboarding Functions: Manage and execute the onboarding process for new accounts and brokers involved in derivatives trading, ensuring compliance with organizational standards and regulatory requirements.
• Operational Readiness Management: Oversee the derivatives trading operational readiness within the Global Derivatives Services team, collaborating with middle office, operations, and collateral management teams to facilitate efficient trading operations.
• Legal Coordination: Liaise with Legal Services to ensure all necessary legal agreements, such as Clearing Agreements and ISDA/CSAs, are properly established and maintained to support derivatives trading activities.
• Documentation Maintenance: Maintain accurate and up-to-date records for all account, broker onboarding, and legal documentation related to derivatives trading, including the development of dashboards to monitor onboarding status.
• Broker Relationship Management: Foster and manage positive relationships with external brokers to ensure effective communication and operational collaboration, contributing to the overall success of the derivatives trading strategy.
• Process Improvement and Compliance: Continuously evaluate and identify opportunities for process improvements, contributing to the harmonization of onboarding practices with the Asia Derivatives Services team and mitigating financial and operational risks.

Must Have Qualifications:

• Minimum 3 years of meaningful industry experience with at least 1 year of hands-on experience in derivative products.
• Familiarity with derivative instruments such as repos, TBAs, futures, listed and OTC options, FX, Swaptions, OTC swaps, and centrally cleared swaps.
• Familiarity with derivatives trading and collateral agreements such as Clearing Agreements, Give-Ups, ISDA/CSAs, GMRAs, and MSFTAs.
• Familiarity with MS Office suite.
• Solid interpersonal skills with the ability to readily adapt to rapidly changing environments and deal with competing priorities.
• Teammate with demonstrated experience building and maintaining good working relationships both internally and externally.
• Excellent analytical skills and the ability to think through problems, assess a variety of factors, and recommend solutions.
• Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts, and life insurance general account.

Nice to have:

• Previous experience in the Insurance Company and Asset Manager sectors will be considered an asset.

If you are interested in this opportunity, kindly send your resume in MS Word format to [e-mail] today!