Operations Officer M/F

CACEIS; United States; On-site; USD 40,000 - 54,000; Full time

Job summary

CACEIS in Montreal seeks an MKS Operations Officer to support day-to-day Market Solutions Operations. You will handle derivative transactions, reconciliations, and cash movements to ensure accurate liquidity management and risk controls.

Ideal candidates have 0-2 years in investment operations, with strong Excel/SQL skills and attention to detail. This is a full-time on-site role in Canada from Montreal.

Qualifications

• Experience in investment operations or financial services is an asset.
• Knowledge of OTC/listed derivatives, FX, settlements and reconciliations is a plus.
• Understanding of trade lifecycle and operational risk in finance.

Responsibilities

• Upload derivative transactions (IRS, CDS, OTC options, etc.) into internal systems.
• Reconcile positions with portfolio managers and counterparties; resolve differences.
• Validate cash movements; reconcile balances and perform controls.
• Monitor trade feeds from exchanges and reconcile positions regularly.
• Track lifecycle events (exercises, expiries, settlements) with stakeholders.
• Confirm FX transaction details per client instructions and procedures.
• Identify liquidity issues and report operational risks promptly.

Skills

Prioritization

Issue investigation

Communication

Collaboration

Attention to detail

Risk awareness

Analytical thinking

Ownership

Initiative

Education

High school diploma

Tools

Excel

SQL

VBA

Job description

CACEISis the asset servicing bankinggroup of Credit Agricolededicated 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 people with disabilities.

Position Summary

The MKS Operations Officer supports the day-to-day activities of the Market Solutions Operations team. The team operates under a transversal model coveringfour core activities:

• Liquidity management

Key Responsibilities

• Ensure the timely automatic upload and/or manual input of derivative transactions (IRS, CDS, OTC options, inflation swaps, etc.) into internal systems, in line with market and client cut-off times.
• Reconcile positions with Portfolio Managers and counterparties, investigate reconciliation breaks and booking discrepancies, and ensure prompt resolution.
• Validate cash movements on internal accounts, reconcile cash balances, investigate differences and perform the necessary controls to support accurate day‑to‑day liquidity management.
• Identify and elevate potential liquidity issues, unusual balances or operational risks in a timely and structured manner.
• Monitor trade feeds from exchanges (e.g. CME, ICE, Eurex) and perform regular position reconciliations to ensure data integrity.
• Track and manage lifecycle events (expiries, exercises, assignments, maturities) and resolve rejected, missing or unmatched transactions in coordination with markets, clearing houses and internal stakeholders.
• Confirm the economic details of foreign exchange transactions in accordance with client instructions and internal procedures (currencies, amounts, value dates, counterparties, settlement instructions).
• Monitor contract expirations and other key lifecycle events across derivatives, ensuring accurate reflection in systems and reports.
• Confirm transaction details with counterparties and clients, maintaining high standards of accuracy and operational risk control.

Supplementary Information

The successful candidate will process, monitor, reconcile and control financial transactions while ensuring compliance with operational procedures, client instructions and market cut-off times. The officer will collaborate closely with Traders, counterparties, clearing brokers, custodians and internal departments to ensure the accurate and timely completion of operations.

As part of the team’s cross-training model, the officer will progressively develop the knowledge and autonomy required to provide coverage across multiple MKS activities.

Geographical area

America, Canada

City

Montreal

High school / Secondary school / A levels / AS levels / IB

Level of minimal experience

0-2 years

Experience

• Experience in investment operations, derivatives, clearing, custody, fund administration or another financial-services environment is an asset.
• Knowledge of OTC derivatives, listed derivatives, foreign exchange, settlements, reconciliations or cash management is an asset.
• Understanding of the trade lifecycle and the operational risks associated with financial transactions.

Required skills

• Ability to manage several priorities and work effectively under strict deadlines.
• Ability to investigate issues independently and elevate them appropriately.
• Strong written and verbal communication skills.
• Ability to work collaboratively while progressively developing autonomy across multiple activities.
• Operational discipline and risk awareness
• Accuracy and attention to detail
• Accountability and ownership
• Analytical thinking and problem-solving
• Initiative and continuous improvement

  Technical skills required

  • Proficiency with Microsoft Excel; knowledge of VBA, Access, SQL or financial operating systems is an asset.

  Entity

  CACEIS is the asset servicing banking group of Crédit 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 people with disabilities.