Operations Officer

CACEIS; Montreal (administrative region); On-site; CAD 55,000 - 85,000; Full time

Benefits offered by this job

Health Benefits

RRSP

Professional development

Transit subsidy

Job summary

CACEIS Montreal is seeking an Operations Officer – IMS to support the middle office for OTC derivatives processing and reconciliation. You will work in a collaborative environment within asset servicing and interact with the dealing room, back office, and custodians.

Ideal candidates have relevant securities knowledge and hands-on experience in middle office operations, trade management, or trade clearing, with a proactive approach to reconciliation and client reporting.

Qualifications

• Ideally 6+ months of financial services experience within middle office / trade management / trade clearing / working with OTC derivatives.
• Securities knowledge from CSC or banking industry experience is advantageous.

Responsibilities

• Understand OTC products and integrate transactions in the Middle Office application.
• Reconcile OTC cleared transactions with Clearing brokers.
• Handle reconciliation of Middle Office positions and monitor posting to Clients’ accounts.
• Monitor confirmations and reports to Clients and trigger instructions to Custodians.

Skills

OTC derivatives knowledge

Middle office / trade management

Job description

Job Type: Full time, Permanent position

Job Title: Operations Officer – IMS

CACEIS is the asset servicing banking group of Credit Agricole dedicated to asset managers and institutional investors. Through offices across Europe, North and South America and Asia, CACES offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing and issuer services. CACEIS is a consolidator in the European asset servicing market and posts sustained growth in its business activities. The group holds €5.3 trillion in assets under custody and €3.4 trillion in assets under administration (figures as of 31 December 2024) By working every day in the interest of society, we are a Group committed to diversity and inclusion and place people at the heart of all our transformations. All our job offers are open to persons with disabilities.

The activities associated with this Team are Middle Office Servicing, Derivatives Clearing as well as OTC Derivatives processing and reconciliation.

Must have skills:

• Ideally 6+ months of financial services experience within [middle office / trade management/ trade clearing/ working with OTC derivatives, etc.]
• Securities knowledge (Could be from CSC and or banking industry experience)

Role Responsibilities:

• Understanding of OTC products and integration of transactions in the Middle Office application
• Reconcile OTC cleared transactions with Clearing brokers
• Handle the reconciliation of Middle Office positions
• Monitor the clearing and posting to Clients’ accounts of the derivatives transactions booked with the dealing room in our Paris Office.
• Monitor the sending of the relevant confirmations and reports to Clients.
• Trigger the sending of instructions to Custodians.

Middle Office trade matching and flow monitoring

• Monitor and whenever necessary repair or release flows transiting through our dedicated acquisition tool
• Match and reconcile trades with broker/dealer
• Follow up pending instructions with back office and custodians

What We Offer:

• Bonuses are available, amounts are discretionary and performance based

Benefits Package:

• Health Benefits which include Extended Health Benefits, Dental Plan, Vision Care, Paramedical Services Coverage
• Life Insurance
• Long Term Disability
• Maternity and paternity benefits (Top Up)
• Registered Retirement Savings Plan (RRSP)
• Subsidised public transportation
• Annual Learning and Training Subsidy paid by employer
• Professional development opportunities and training

A collaborative and supportive team environment

Exposure to the asset management industry with opportunities for growth