Specialist, Derivatives Operations - Extended Hours

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

Job summary

A leading financial services company in Montreal is hiring for a role that focuses on managing collateral and supporting trading operations. The position requires 5+ years in the Securities Financial Industry and knowledge of operational processes. Candidates should have strong communication and analytical skills. This job offers an opportunity to engage in impactful work within a dynamic environment.

Benefits

Generous time-off and leaves

Cloud-first and hybrid workstyle

Empathetic leadership

Qualifications

• 5+ years' experience in the Securities Financial Industry.
• Solid experience in Operations processes or Securities Accounting.

Responsibilities

• Ensure timely processing of all workflows for CDCC Clearing Members.
• Perform daily reconciliations of collateral accounts.
• Support Montreal Exchange with participant trade corrections.

Skills

Effective listening

Written and verbal communication skills

Advanced technical and analytical skills

Interpersonal skills

Organizational skills

Self-motivated

Proficiency with Google Suite

Education

Post-secondary education in Commerce, Business Administration, Finance, and/or Accounting

Tools

Excel

Job description

Overview

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.

Responsibilities

• Reporting to the Manager, Business Operations, responsible for ensuring complete and timely processing of all workflows, and for supporting CDCC Clearing Members in areas including:
• Margin and collateral processing (cash and securities)
• Settlement & clearing including End of day final settlements with payment processing
• Main contact for Customer Support needs during the overnight clearing cycles
• IT processing

Working Schedule

7.5-hour rotating shift to be performed between 8 p.m. and 8 a.m. from Sunday night to Friday morning.

Key Accountabilities

• Maintain collateral requirements, collect collateral to satisfy margin calls via securities pledge or cash, and manage customers’ return of excess funds
• Perform daily reconciliations of collateral accounts (cash & non-cash) with CDCC Settlement Banks & Depositories
• Ensure successful completion of the end-of-day settlement process including payment processing
• Ensure participants/members meet their trade settlement obligations
• Support the Montreal Exchange with participant trade corrections or adjustments
• Act as the point of contact for matters related to collateral/banking/clearing/settlements to ensure effective client support for all Members
• 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, and other 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 an efficient, effective operating environment
• Lead and assist with projects and special assignments

Education / Experience

• 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

Skills

• Effective listening, written and verbal communication skills
• Advanced technical and analytical skills and the ability to propose operational solutions and solve moderately complex problems specific to a project or assignment
• Solid interpersonal and organizational skills with the 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
• Strong proficiency 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. 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 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.

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.