Derivatives Clearing Officer

Is this role right for you?

In this role you will:

• Perform Canadian Derivatives Clearing Corporation (CDCC)/Option Clearing Corporation (OCC) reconciliation & process settlement
• Support the Institutional Equity Option Trading line to process give ups of CAD and US listed option trades
• Process option assignment/exercise and option transfer between brokers
• Monitor and facilitate pledged securities Escrow
• Monitor illogical & pair off report for CDCC items and take appropriate action
• Process CDCC series adjustments
• Take appropriate action for institutional execution and settlements
• Submit FIFO information on OCC & CDCC
• Report Options Positions to the TMX/CDCC regarding holdings over established regulatory thresholds
• Monitor corporate actions, ensuring special settlement instructions are reflected in the appropriate accounts
• Cross train and provide coverage on other areas of the department such as Trade correction, Canadian & US Clearing Desks, and any new desks as required
• Work with the team to complete requirements of Option weekly/monthly expiry
• Provide client service in accordance with Scotia Service Standards
• Acquire & maintain knowledge of all systems required to complete tasks in an efficient manner

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• A University Degree or College Diploma or equivalent
• Canadian Securities Course (CSC) or working towards is an asset
• A foundational knowledge of options, including concepts such as call and out options, long vs. short positions & option expiry
• Experience with or familiarity in using trade reporting systems such as Arrow, AS400, BPSA, Webpost, On Demand OAES and Broadridge products (pertaining to trade processing)
• Experience with CDCC and OCC derivatives clearing systems/platforms for clearing of options
• Solid working knowledge of Microsoft Office products, including Excel
• A focus on attention to detail, with a strong emphasis on accuracy in aspects of reconciliation
• Strong analytical skills to assess trade-related issues logically and resolve effectively
• An ability to multitask effectively and to complete tasks efficiently and accurately, often under time constraints
• Effective verbal and written communication skills, with the ability to remain calm, organized, and professional in high-pressure situations