Are you passionate about reaching new heights, teamwork and making a meaningful contribution? Do you picture yourself as a valued member of an industry-leading organization? If you answered yes to these questions, Air Canada is seeking enthusiastic individuals to join the diverse and vibrant team working together to lead the growth and expansion of Canada’s flag carrier.
Air Canada sponsors 8 defined benefit pension plans. The plans' assets are managed by a wholly owned subsidiary of Air Canada and are held in a diversified portfolio of traditional asset classes (bonds and stocks), alternative investments (derivatives, infrastructure, private equity and real estate) and portable alpha strategies (hedge funds and tactical asset allocation) worth over $19B. The assets are invested by internal and external managers. The Investment’s team of 60 professionals is located in downtown Montreal.
Reporting to the Assistant Manager Financial Operations, the Analyst – Financial Operations will be responsible for collateral management processes and controls as well as settlement of foreign exchange transactions. The ideal candidate will be rigorous, have developed his/her sense of priorities and will be able to work efficiently under pressure. He/She will be curious, motivated by continuous improvements and willing to use different tools and systems.
The candidate will choose Air Canada Investment subsidiary because of its collaborative work environment, the sophistication and diversification of the financial products traded, the tight-knit relationship amongst the investment teams and the competitiveness of its total compensation package.
Manage daily collateral calls with our different counterparties and brokers;
Confirm foreign exchange transactions (FX) with counterparties;
Validate foreign exchange legal terms governed by ISDA agreements;
Handle and communicate transactions (collateral and FX) to the custodian with respect to different cut-off times;
Act proactively to ensure settlement of transactions (collateral and FX) in a timely manner by coordinating with the custodian and various counterparties.
Ensure all transactions are properly reflected in the systems and perform end-of-day reconciliation to ensure system integrity;
Investigate and correct any discrepancies between systems with the collaboration of senior team members;
Support the traders by answering accurately and in a timely manner their requests.
Bachelor’s degree in finance, administration or relevant discipline;
Experience in financial operations and knowledge of financial instruments and their operational workflows;
A minimum of 2 years of pertinent experience.
Excellent knowledge of Microsoft Office (Excel)
Knowledge of programming languages such as VBA, SQL, Python, an asset
Knowledge of various financial systems: Eagle Star, Bloomberg AIM, MGPS (SWIFT), desirable
Genuine interest in both complex and simple financial products
Strong knowledge of listed financial product and borrow lending activities, an asset
Well-organized and ability to perform various tasks at once
Rigor, prudence and vigilance
Pro-active and strong sense of initiative
Ability to work efficiently under pressure
Autonomy, analytical skills and critical thinking
Strong learning capabilities, versatility and adaptability
Ability to communicate and interact in a team
The position is based in downtown Montreal
Bilingual (English and French)
Diversity and Inclusion
Air Canada is strongly committed to Diversity and Inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success.
As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve.
Air Canada thanks all candidates for their interest; however only those selected to continue in the process will be contacted.