Specialist, Derivatives Operations

TMX GROUP; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial services organization in Canada is seeking a candidate for a role focusing on banking and clearing processes. Responsibilities include cash reconciliation, customer support, and compliance with internal controls. Candidates should have at least 5 years of experience in the Securities Financial Industry and possess strong analytical and interpersonal skills. This position offers a hybrid working arrangement and opportunities for career growth.

Benefits

Generous time-off and leaves

Flexible and balanced work culture

Career growth opportunities

Qualifications

• Minimum of 5+ years’ experience in the Securities Financial Industry.
• Solid experience in Operations processes or Securities Accounting.
• Experience in Collateral, Banking, and Clearing processes.

Responsibilities

• Act as point of contact for Collateral, Banking, Clearing, and Settlements.
• Maintain Collateral and Concentration Requirements.
• Perform daily Cash Reconciliation of various currency accounts.

Skills

Advanced technical and analytical skills

Interpersonal skills

Organizational skills

Self-motivated

Effective communication skills

Education

Post-Secondary education in Commerce, Business Administration, Finance, or Accounting

Tools

Google Suite

Excel

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, you are accountable for ensuring complete and timely processing of all workflows, 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);

Banking and Settlement including Payment Exchange, End of day final settlements with payment processing;

Customer Support throughout the various clearing cycles.

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

Woking schedule : 7.5-hour rotating shift performed between 5 a.m. and 7 p.m. from Monday to Thursday and until 11 p.m. on Fridays.

Key Accountabilities :

Act as the point of contact for matters related to Collateral / Banking / Clearing / Settlements to ensure effective and efficient client support is provided to all Members;

Maintain Collateral and Concentration Requirements including collecting Collateral to satisfy the margin calls via securities pledge or cash, managing customers’ timely flow of funds to / from CDCC;

Facilitate clearing CDCC member transactions for Montreal Exchange listed derivatives products.

Perform a daily Cash Reconciliation of the various currency accounts with CDCC Settlement Banks;

Ensure timely completion of the daily netting cycles, payment processing and settlements including Payment Exchange and End of Day obligations;

Ensure participants / members meet their trade settlement obligations;

Support the Montreal Exchange with client trade adjustments and new products / listings;

Provide guidance and solutions to internal teams and external clients;

Support the Business Continuity Program, Disaster Recovery Program, Default Simulation and other testing exercises;

Interact with Internal and External Audit, Regulators, Technology, Client Services, Risk, as well as internal departments;

Adhere strictly to internal procedures, rules, audit requirements and internal controls verification processes;

Recommend changes to existing processes, services and procedures to ensure excellent customer service, and that we operate in an efficient and effective environment;

Lead and assist with projects and special assignments including system configuration as required.

Must haves :

Post-Secondary education in Commerce, Business Administration, Finance, and / or Accounting is preferred

Minimum of 5+ years’ experience in the Securities Financial Industry

Solid experience / knowledge in Operations processes or Securities Accounting in the Securities Financial Industry

Advanced technical and analytical skills and ability to propose operational solutions and solve moderately complex problems specific to a project or assignment

Solid interpersonal and organization skills with the demonstrated ability to plan and prioritize

Self-motivated and able to work with minimum supervision, as well as a team player

Oriented to deliver with accuracy and clear & concise details in a time sensitive environment

Advanced level of technical and analytical knowledge regarding Collateral, Banking and Clearing / Settlements processes, systems and capabilities

Effective listening, written and verbal communication skills

Flexibility required to work in a time sensitive environment with tight deadlines

Nice to haves :

Strongly proficient with Google Suite, Excel and other desktop applications

In the market for…

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 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 ? Apply now.