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? Role Reporting to the Manager OTC Derivatives, Business Operations, the Specialist, OTC Derivatives, Business Operations will be accountable for complete and timely processing of all Total Return Swap (TRS) workflows. This role also supports CDCC Clearing Members in areas such as:

• Post-trade TRS and settlement activities, including management of the CDCC Collateral Web Portal
• Clearing & Settlement of TRS Transactions and Collateral Management
• Corporate Actions event management & execution
• Banking, Custodian and Third party settlement including end of day and final settlements with payment processing
• Providing expert customer support, resolving inquiries, and guiding clients through various TRS processes

We're looking for a motivated and detail-oriented specialist to handle the Clearing and Settlement of Over the Counter Total Return Swaps and Corporate Actions. This role is critical for ensuring and improving client satisfaction during the CDCC North American Clearing Session.

Key Accountabilities

• Act as the primary point of contact for all Clearing Members regarding Collateral, Banking, Clearing, Settlements and Corporate Actions matters for TRS Transactions, ensuring effective and efficient client support;
• Maintain Collateral and Concentration Requirements including collecting Collateral to satisfy the Intra-day & End-of-day Margin calls; via securities pledge or cash, managing customers’ timely flow of funds to/from CDCC;
• Ensure timely completion of the payment processing and settlements including End of Day obligations to mitigate risk;
• Ensure TRS Clearing Members meet their trade settlement obligations;
• Perform a daily Cash Reconciliation of the various securities and cash accounts with CDCC Settlement Banks, Custodians and Triparties;
• Provide guidance and solutions to internal teams and TRS Clearing Members;
• Participate in team interactions with Regulators, Technology, Client Services, Risk, as well as internal departments on compliance and operational matters;
• Adhere strictly to internal procedures, rules, audit requirements and internal controls verification processes;
• Recommend changes to existing processes, services and procedures to ensure excellent customer service, and that we operate in an efficient and effective environment;
• Participate in the Business Continuity Program, Disaster Recovery Program, Default Simulation and other testing exercises to ensure operational resilience;
• Develop and maintain comprehensive procedural documentation;
• Assist with projects and special assignments including system configuration as required.

Must Haves

• Post-Secondary education in Commerce, Business Administration, Finance, and/or Accounting is preferred
• Minimum of 5+ years’ experience in the Securities Financial Industry
• Advanced knowledge regarding Derivatives, Corporate Actions, Collateral, Banking and Clearing/Settlements processes, systems and capabilities
• Strongly proficient with industry platforms such as CDS, DTCC, SWIFT, Banking systems, etc
• Solid interpersonal and organization skills with the demonstrated ability to plan and prioritize
• Self-motivated and able to work with minimum supervision, as well as a team player
• Oriented to deliver with accuracy and clear & concise details in a time sensitive environment
• Effective listening, written and verbal communication skills
• Flexibility required to work in a time sensitive environment with tight deadlines

Nice To Haves

• Proficiency with S&P Corporate Actions system, Google Suite, Excel and other desktop applications
• Advanced technical and analytical skills and ability to propose operational solutions and solve moderately complex problems specific to a project or assignment

Note

• Hybrid role requiring in office presence 2-3 days/week
• The candidate must be available to work a 7.5-hour rotating shift performed between 8:00 a.m. and 6 p.m. from Monday to Friday.

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.