Operations Analyst- OTC derivatives

Prime Hires; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A financial services company seeks an experienced professional for an operations role focusing on OTC derivatives. The role involves drafting trade confirmations, ensuring compliance with regulatory timelines, and resolving discrepancies. Candidates should have over 3 years of relevant experience, a strong understanding of trade lifecycles, and proficiency in tools like Python and Excel.

Qualifications

• 3+ years of experience in an operations or middle office role, with direct exposure to OTC derivatives.
• Solid understanding of ISDA Master Agreements and confirmation language.
• Hands-on experience with confirmation platforms.

Responsibilities

• Draft and dispatch trade confirmations for OTC derivative products.
• Investigate discrepancies between trade records and counterparty details.
• Monitor outstanding confirmations and escalate issues.

Skills

Operations in OTC derivatives

Trade lifecycle knowledge

Analytical skills

Communication skills

Attention to detail

Tools

Python

Microsoft Excel

Trade capture systems

Job description

Responsibilities

• Draft, review, and dispatch trade confirmations for a broad range of OTC derivative products (e.g., equity derivatives, credit derivatives, interest rate swaps).
• Ensure timely affirmation and matching of trades in accordance with regulatory timelines and internal SLAs.
• Investigate and resolve discrepancies between internal trade records and counterparty details.
• Work closely with traders, legal, and external counterparties to resolve confirmation breaks or disputes.
• Maintain knowledge and application of ISDA Master Agreements and Confirmation templates.
• Reconcile trade bookings and ensure alignment across trading, middle office, and confirmation systems.
• Utilize Python or similar programming skills to support automation initiatives, enhance reconciliation processes and optimize data workflows.
• Support internal audits, regulatory reporting, and control processes.
• Contribute to ongoing improvements in process automation and control enhancements.
• Monitor outstanding confirmations and escalate issues where appropriate.

Experience & Qualifications

• 3+ years of experience in an operations or middle office role, with direct exposure to OTC derivatives
• Strong knowledge of the full trade lifecycle, from trade execution to settlement
• Solid understanding of ISDA Master Agreements, and product-specific confirmation language
• Hands-on experience with confirmation platforms (e.g., MarkitWire, DTCC, or similar)
• Familiarity with regulatory requirements (e.g., EMIR, Dodd-Frank) affecting OTC derivatives
• Excellent analytical, problem-solving, and communication skills
• Strong attention to detail and ability to manage multiple priorities under tight deadlines
• Proficient in Microsoft Excel and other MS Office applications; experience with trade capture systems is a plus