Analyst, Collateral & Banking Operations

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?

CDS is Canada’s national securities depository, clearing and settlement hub for domestic and cross-border depository-eligible securities. We support Canada’s equity, fixed income, and money markets by ensuring the safe custody of securities, processing post-trade transactions, and managing entitlement distributions.

In this pivotal role, you will execute time-sensitive, risk-critical processes that underpin the stability of Canada’s financial markets. You will manage the accuracy and integrity of collateral, cash, and settlement flows across multiple payment systems, including the Bank of Canada’s Lynx system and U.S. Fedwire, operating with precision in a high-paced environment.

• This role reports to: Manager, Collateral/Banking, CDS
• Job Location: Hybrid (2-3 days in office) - we are open to candidates being located in one of our Canadian office locations: Toronto or Montreal.

Key Accountabilities

Collateral & Liquidity Operations

• Collateral Monitoring: Serve as the primary contact for participants, monitoring the sufficiency, eligibility, and timely fulfillment of collateral requirements.
• Risk & Valuation: Execute daily collateral processes supporting CDS’s risk-management framework, validate issuer credit ratings, and ensure accurate application of valuation rules.

High-Value Payments & Reconciliations

• Cash Reconciliation: Perform end-to-end cash reconciliation with CAD and USD bank accounts across all CDS banking partners to ensure exception-free reporting.
• Payment Flow Execution: Execute and monitor high-risk, high-value payment flows through the Bank of Canada Lynx system and U.S. Fedwire.
• End-of-Day Settlement: Ensure the timely completion of end-of-day payment exchanges and liquidity-related processes.

Market Settlement & Compliance

• Critical Processing: Execute CNS Buy-ins and other time-sensitive settlement activities within strict regulatory and operational deadlines.
• Audit & Controls: Maintain strict adherence to internal controls, procedures, and PFMI-aligned operational standards during internal/external audits and regulatory testing.
• Documentation & Backup: Build and maintain detailed operational procedures, propose process improvements, and provide backup support for the Banking Analyst.
• Operational Flexibility: Support operations on Canadian holidays when U.S. markets remain open

Must Have(s)

• Education: Post‑secondary education in Business Administration, Finance, Accounting, or a related field.
• Experience: Minimum 2 years of experience in securities operations or financial‑market operations.
• Industry Knowledge: Solid understanding of settlement processes or securities accounting.
• Payment Workflows: Experience with domestic and cross‑border wire payments, including initiation and approval workflows.
• Analytical Skills: Strong analytical and technical skills with the ability to interpret financial data and resolve operational issues.
• Communication: Effective written and verbal communication skills, with confidence engaging participants and internal stakeholders.
• Execution & Detail: Proven ability to prioritize and manage time‑sensitive tasks with exceptional attention to detail.
• Collaboration: Strong interpersonal skills and the ability to collaborate in a fast‑paced, team‑oriented environment.
• Autonomy: Self‑motivated, proactive, and capable of working independently.
• Technical Tools: Proficiency in Microsoft Excel, Google Workspace, and operational banking platforms.

Nice to Have(s)

• Familiarity with collateral management, liquidity operations, or clearing/settlement processes.

Salary Range: $60,000/year - $65,000/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position.

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 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.