Operations Analyst - OTC Derivatives: On behalf of our Banking client, Procom is searching for an Operations Analyst - OTC Derivatives for a 12 month contract role. This position is a hybrid position with 2 days onsite at our client’s Toronto office.

Operations Analyst - OTC Derivatives - Job Description: We are seeking a detail-oriented and proactive OTC Confirmations Analyst to join our Operations team. The successful candidate will be responsible for ensuring the accurate and timely generation, review, and execution of trade confirmations for Over-the-Counter (OTC) derivatives. This role involves close coordination with front office, legal, counterparties, and other internal teams.

Operations Analyst - OTC Derivatives - Responsibilities:

• Draft, review, and dispatch trade confirmations for a broad range of OTC derivative products (e.g., equity derivatives, credit derivatives, interest rate swaps).
• Ensure timely affirmation and matching of trades in accordance with regulatory timelines and internal SLAs.
• Investigate and resolve discrepancies between internal trade records and counterparty details.
• Work closely with traders, legal, and external counterparties to resolve confirmation breaks or disputes.
• Maintain knowledge and application of ISDA Master Agreements and Confirmation templates.
• Reconcile trade bookings and ensure alignment across trading, middle office, and confirmation systems.
• Utilize Python or similar programming skills to support automation initiatives, enhance reconciliation processes and optimize data workflows.

Operations Analyst - OTC Derivatives - Mandatory Skills:

• 3+ years of experience in an operations or middle office role, with direct exposure to OTC derivatives.
• Strong knowledge of the full trade lifecycle, from trade execution to settlement.
• Solid understanding of ISDA Master Agreements, and product-specific confirmation language.
• Hands-on experience with confirmation platforms (e.g., MarkitWire, DTCC, or similar).
• Familiarity with regulatory requirements (e.g., EMIR, Dodd-Frank) affecting OTC derivatives.
• Excellent analytical, problem-solving, and communication skills.
• Proficient in Microsoft Excel and other MS Office applications.

Operations Analyst - OTC Derivatives – Nice-to-Have Skills:

• Related certifications (e.g., CSC, CHS, CFA).
• Experience with trade capture systems.
• Experience in process automation and control enhancements.

Operations Analyst - OTC Derivatives – Assignment Length: This is a 12 month contract position.

Operations Analyst - OTC Derivatives - Start Date: ASAP.

Operations Analyst - OTC Derivatives - Assignment Location: Toronto, Ontario, Canada. This is a hybrid position requiring 2 days onsite and 3 days working from home.