Middle-office OTC Derivatives Analyst - Proficient 184475

Our client, a premier financial institution, is seeking a Middle-Office OTC Derivatives Analyst (Operations Analyst – Collateral Controls) to join their Capital Markets Operations team. This is a 12-month contract opportunity located in Downtown Toronto, operating on a hybrid schedule (4 days in-office per week).

Positioned within the COO division under Liquidity, Funding & Payments Operations, you will play a critical role in ensuring the accuracy, timeliness, and risk mitigation of collateral movements and OTC derivatives processing. This role is ideal for a detail-oriented operations professional who thrives in a fast-paced capital markets environment and possesses a strong understanding of financial markets, SWIFT messaging, and collateral controls.

Advantages
Top-Tier Financial Client: Gain valuable experience with a leading institutional employer in the Canadian financial sector.
Prime Location: Work in the heart of Downtown Toronto with easy access to transit and amenities.
Impactful Team: Join a specialized, collaborative unit within Capital Markets COO operations.
Skill Development: Deepen your technical knowledge of collateral management systems, SWIFT protocols, and regulatory compliance.

Responsibilities
As an Operations Analyst in Collateral Controls, your core responsibilities will include:

Collateral & Interest Management: Ensure daily collateral movements are captured accurately and on time. Confirm and process all month-end interest items in accordance with counterparty guidelines, completing reconciliations and escalating discrepancies as required.
System & Accounting Maintenance: Set up new accounts and Standard Settlement Instructions (SSIs) following Standing Orders (SO) and Global Payments Policy. Maintain accurate, up-to-date interest rates in internal systems and assist with monthly GL Attestation.
Risk Mitigation & Compliance: Adhere strictly to procedures and Standing Orders to eliminate errors. Escalate policy non-adherence immediately, and perform dedicated functions for IS Trust to ensure complete compliance with CASS rules for client money.
Continuous Improvement & Projects: Proactively identify opportunities to streamline processes and boost productivity. Provide input and testing assistance on system and operational projects as required, and help update internal procedures.
Team Support: Act as a reliable backup to the Team Lead and other team members to support operational continuity.

Qualifications
Must-Have Skills:
Industry Knowledge: Solid understanding of financial markets, banking operations, or financial accounting.
Technical Banking Knowledge: Proven expertise in SWIFT payment types, specifically MT103, MT202, MT202COV, and MT599.
Advanced Excel: Strong proficiency with data analysis tools, specifically VLOOKUPs and Pivot Tables.
Professional Soft Skills: Highly accurate with an exceptional eye for detail. Proactive problem solver and effective communicator who builds strong, collaborative working relationships.

Nice-to-Have Skills:
Industry Systems: Prior experience with specialized capital markets platforms such as RIMMS, iMatch, Acadia, or Colline, alongside standard confirmation and settlement processes.
Certifications: Completion of the Canadian Securities Course (CSC) and/or progress toward the CFA designation is a strong asset.

Summary
If you are a proactive Middle-Office Analyst with a strong grasp of SWIFT payments, collateral management, and standard settlement instructions, this is an excellent opportunity to elevate your career within Capital Markets operations. Apply today to connect with our recruiting team and learn more about this downtown Toronto role!

Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.

Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.