Student, Derivative Operations (Winter 2027, 4 Months)

OMERS; Toronto; On-site; CAD 45,000 - 57,000; Full time

Benefits offered by this job

Group benefits

Retirement plans

Annual Incentive plan

Job summary

OMERS in Toronto is seeking an Analyst for Derivative Operations to support middle office workflows across OTC and listed derivatives, FX contracts, and cleared swaps. You will handle trade capture, confirmations, settlements and lifecycle events, coordinating with traders, brokers and auditors to ensure accuracy.

The role requires strong Excel and derivative operations knowledge; CRD/Bloomberg experience is a plus.

Qualifications

• Enrolled in an undergraduate Business Administration/Commerce program.
• Exposure to derivatives instruments and hedge funds is desirable.
• Proficient in Excel and Word; experience with CRD and Bloomberg is a plus.

Responsibilities

• Maintain the book of record for derivative transactions, ensuring accurate settlements and reporting.
• Confirmations and settlements with traders and brokers, resolving discrepancies.
• Prepare management reports on derivative investments, including assets and cash flows.
• Support audits and maintain documentation of controls and processes.
• Foster cross-team collaboration with CMF, investment division, custodians and auditors.

Skills

Derivative operations

Interpersonal skills

Communication skills

Quantitative analysis

Education

Undergraduate Business Administration/Commerce

Tools

Excel

Word

Charles River Development (CRD)

Bloomberg

Job description

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be - and deliver - your best.

We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 665,000 members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities where we live and work.

Don’t just work anywhere - come build tomorrow together with us.

The Investment Operations team is responsible for supporting the investment groups in transacting in multiple products and operating across various global markets and jurisdictions. The team operates and manages investment middle office functions critical to the life cycle events of various investment products resident in the portfolio.

The Analyst within the Derivative Operations team plays a key role in middle office workflows including analyzing derivative product requirements across various markets, on-boarding and managing counterparties, vendors and new products as well as life cycle events as it relates to OTC and Listed derivative investments. Product life cycle events include trade capture and validation, contract settlements, income entitlement, credit events, valuation practices and fee and margin calculation requirements. Product types include exchange traded derivatives, OTC derivatives, FX contracts, and cleared swaps.

You Will Be Responsible For

• Responsible for the book of record for derivative investment transactions to ensure trade settlement, cash entitlements and forecasting, asset exposure reporting, performance measurement, reconciliations and general ledger purposes are complete and accurate.
• Accountable for accurate and timely confirmation and settlement of derivatives investment transactions by identifying and resolving discrepancies with the traders and brokers.
• Review daily verifications between book of record and trading system for positions and transactions. Analyze and resolve all issues on a timely basis. Assist other employees in Financial Services in the research and explanation of external party reconciliation discrepancies.
• Complete all portfolio and market opening requests including external party on-boarding requirements. Oversee all the ongoing market maintenance requirements for the products invested in.
• Manage applicable trade activity to ensure adherence to regulatory requirements as stipulated by the ISDA/CSA agreements.
• Perform a variety of control checks between OMERS and counterparty records as it relates to holdings, transactions and valuations for the OTC, CCP and ETD derivatives. Co-ordinate variation and initial margin movements and ensure timely and accurate settlement.
• Prepare management reports on subject matters relating to derivative investments including assets, income, cash flows, transaction costs and compliance monitoring. Highlight and explain any outliers and provide explanations as needed.
• Identify, recommend and assist in implementing processes/controls/productivity improvements including automation of current processes. Responsible for developing documentation to support changes proposed.
• Maintain up to date knowledge of OMERS policies regarding sub delegation of investment authority, signing authorities, valuations and third party agreements (ISDA/CSA, Clearing Broker, Trading Agreements and Fund Agreements) and apply to daily activities to ensure compliance.
• Enhance and update existing desk documentation of policy and procedures as it relates to areas of responsibility. Assist in developing new documentation as required.
• Maintain strong understanding of investment products and customer needs in order to respond quickly and accurately to questions and problems that arise.
• Provide inputs and information associated for audits and ensure completeness and accuracy.
• Foster effective working relationships inclusive of the other teams within CMF, the investment division, OMERS investment entities, counterparties, swap providers, custodian and auditors as appropriate.
• Participate in special projects as required.

Preferred Skills & Experience

• Current enrollment in an undergraduate Business Administration/Commerce and a demonstrated passion and capability in Derivative Operations.
• Pursuit or completion of relevant industry courses will be an asset.
• Exposure to investment operations with operational knowledge of derivatives instruments and hedge funds.
• Excellent interpersonal and communication skills are essential to deal with all levels within the organization and external contacts. Ability to build strong relationships with both internal and external stakeholders.
• Ability to prioritize multiple responsibilities to meet deadlines. Needs to be flexible.
• Detail oriented and demonstrated aptitude for quantitative and qualitative analysis and problem solving.
• Exposure to investment accounting, reporting and audit control practices.
• Proficient in Excel and Word. Investment accounting systems experience is required. Exposure to Charles River Development (CRD) and Bloomberg would be an asset.
• Self-starter able to work independently with minimal supervision. Keen to learn and continuously improve processes and reports.

This posting is for an existing vacancy.

The expected salary range for this position is $44,850.00 - $56,550.00 per year, prorated based on the term of the contract.

You may also be eligible to receive an annual Incentive Award pursuant to our Short-term Incentive plan and our Long-Term Incentive plan (if applicable), and to participate in our group benefits and retirement plans - details on these elements of compensation are included within OMERS & Oxford offer letters.

As one of Canada's largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work - and the members we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.

Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.