Functional Analyst – Clearing Systems

TMX Group; Montreal (administrative region); Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Career development opportunities

Global financial systems experience

Job summary

TMX Group invites a qualified professional to join the CDCC as part of the Core Clearing squad in Montreal. The role blends functional analysis with software architecture, operating in a hybrid environment with active collaboration across architects, developers, and QA analysts.

You will translate complex business needs into actionable requirements, document system functions, and ensure regulatory alignment.

Qualifications

• Bachelor’s degree in a technological field (Computer Science, Engineering, etc.).
• Minimum of 3 years in functional analysis and 5 years of overall experience in software architecture.
• Fluency in both French and English (oral and written) is required.

Responsibilities

• Analyze and optimize SOLA Clearing, focusing on fixed‑income instruments.
• Perform reverse engineering of existing services to identify opportunities for operational improvement.
• Translate complex business needs into clear functional requirements.
• Act as liaison between architects, developers, and QA analysts in an Agile environment.
• Document system functions to ensure knowledge longevity and sustainability.
• Ensure operations comply with regulatory standards and internal controls.

Skills

Bilingual French/English

Analytical mindset

Education

Bachelor’s degree in a technological field

Tools

Jira

Confluence

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? Canada’s financial heartbeat is calling.

Joining the Canadian Derivatives Clearing Corporation (CDCC), a subsidiary of TMX Group, means becoming part of the critical infrastructure that ensures the fluidity and security of the Canadian economy. As a Central Counterparty (CCP), our role is vital: we act as the safeguard of trust for the derivatives and fixed‑income repo markets. By ensuring the integrity and stability of exchanges between major financial institutions and pension plans, we enable the market to operate with confidence, even in times of volatility.

This role reports to: Squad Lead, Core Clearing

Job Location: This role is hybrid (2-3 days/week in the office) - based in Montreal, QC

Our Values and Culture

• Integrity: We are the guardians of market trust.
• Client-Driven Innovation: We push technological boundaries to provide secure clearing solutions.
• Collaboration: Our Agile squad structure fosters continuous knowledge sharing.
• Operational Excellence: Precision is our standard in meeting the requirements of the Bank of Canada, OSC and the AMF.

Key Accountabilities

• As a pillar of the evolution of SOLA Clearing, our flagship system, you will thrive in a multidisciplinary Agile environment focused on propelling our clearing services, particularly for fixed‑income instruments.
• Analysis and Optimization: Perform reverse engineering of existing services to identify opportunities for operational improvement.
• Requirements Synthesis: Translate complex business needs into clear functional requirements.
• Agile Collaboration: Serve as the pivot point between architects, developers, and QA analysts.
• Documentation: Ensure the sustainability of knowledge by accurately documenting system functions.
• Compliance: Guarantee that operations comply with the rigorous standards of regulatory bodies.

Must Haves

• Education: Bachelor’s degree in a technological field (Computer Science, Engineering, etc.).
• Experience: Minimum of 3 years in functional analysis and 5 years of overall experience in software architecture.
• Analytical Mindset: A natural ability to understand complex technical‑financial environments.
• Language Skills: Full proficiency in both French and English (oral and written) is required, as you will interact with internal and external stakeholders who communicate primarily in English.

Nice to Haves

• Knowledge of financial markets (post‑trade, derivatives, or fixed‑income repos).
• Ability to read C++ code (essential for system reverse engineering).
• Knowledge of UML.
• Proficiency with the Atlassian suite (Jira, Confluence) and Agile methodologies.

What We Offer

• The opportunity to work on world‑class financial systems.
• A stimulating collaborative environment within TMX Group.
• Concrete tools for career development and unique expertise in high finance.
• Excitement – Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets!
• Experience the movement of the market while grounded in the stability of close to 200 years of success.
• Connection – With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
• Impact – More than a platform, we use our talents to power mission‑critical systems that drive global economic advancement, innovation, and growth. As well, our employee‑led Team Impact spreads social good via our giving strategy.
• Wellness – From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud‑first and hybrid workstyle, as well as generous time‑off and leaves, we support a life well lived!
• Growth – From a growth mindset in our work, to expansion in our business, TMX is home to action‑takers energized by the achievement of ambitious growth.

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 ?

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

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.

Our Culture:

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?

Our Business:

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation Trayport and VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna.

For more information about TMX Group, visit www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.