Analyst, Derivatives Operations - Extended Hours

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 Analyst, Derivatives Operations - Extended-Hours is accountable for ensuring complete and timely processing as well as support for CDCC Clearing Members in areas such as:

• Post-Trade Derivatives Clearing and Settlement Services, Reporting, and Analysis;
• Margin and collateral processing (cash and securities);
• Banking & Settlement, including End-of-Day final settlements with payment processing;
• Customer Support during the overnight clearing cycles.

Reports to: Manager, Business Operations - Extended Hours

Job Location: This position is 100% remote.

Shift Schedule: Must be available to work a 7.5-hour rotating shift to be performed between 8 p.m. and 8 a.m. from Sunday night to Friday morning.

Key Accountabilities:

• Client Support & Advisory: Act as the primary point of contact for matters related to Collateral, Clearing, and Banking & Settlements to ensure effective, timely, and efficient client support is provided to all Clearing Members.
• Collateral & Margin Monitoring: Monitor collateral requirements, including the collection of intra-night margin calls via cash or securities pledges, to ensure obligations are met in a timely manner.
• Settlement & Payment Processing: Monitor payment processing and ensure the successful completion of end-of-day settlement processing so that Clearing Members' settlement obligations are met on time.
• Reconciliation & Analysis: Perform daily reconciliations and detailed analysis of collateral Cash accounts with CDCC Settlement Banks.
• Operational Execution: Support Business Operations processing for all products and services made available to Clearing Members.
• Exchange Support: Assist the Montreal Exchange with trade and position management needs.
• Risk & Business Continuity: Support the Business Continuity Program, Disaster Recovery Program, Default Simulation, and other operational testing exercises.
• Cross-Functional Collaboration: Interact regularly with IT, Client Services, Risk, Market Operations, and other internal departments.
• Compliance & Control: Adhere strictly to internal procedures, rules, audit requirements, and internal controls verification processes.
• Continuous Improvement: Recommend impactful changes to existing operational processes, services, and procedures to ensure excellent customer service within an efficient and effective environment.
• Special Projects: Assist with various team projects and special assignments as required.

Must Have(s):

• Education: Post-Secondary education in Commerce, Business Administration, Finance, and/or Accounting is preferred.
• Industry Experience: Minimum of 2+ years of experience in the Securities Financial Industry.
• Operational Knowledge: Solid experience and knowledge in Operations processes or Securities Accounting within the Securities Financial Industry.
• Domain Expertise: Solid level of technical and analytical knowledge regarding Collateral, Clearing, Banking, and Settlements processes, systems, and capabilities.
• Communication: Effective listening, written, and verbal communication skills.
• Problem-Solving: Solid technical and analytical skills with the ability to propose operational solutions and solve moderately complex problems specific to a project or assignment.
• Organization & Autonomy: Solid interpersonal and organization skills with a demonstrated ability to plan, prioritize, and work with minimum supervision as an adaptable team player.
• Detail Orientation: Oriented to deliver work with high accuracy and clear, concise details in a time-sensitive environment.
• Technical Proficiency: Strongly proficient with Google Suite, Excel, and other desktop applications.
• Adaptability: Flexibility required to perform successfully in a fast-paced, time-sensitive environment with tight deadlines.

Nice to Have(s):

• 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 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 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.

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.