As part of its efforts to globalize the Canadian derivatives marketplace, the Montréal Exchange has extended its trading hours in October 2018 for all interest rate derivatives and index futures. The extension of trading hours has helped accommodate trading and risk management needs globally, by allowing domestic and international clients to manage their exposure to Canadian markets and execute various strategies outside of regular Canadian business hours. The extension of trading hours also allows the MX to provide liquidity and transparency to the marketplace for a greater period of time.
Following the successful launch of its first phase of Extended Trading Hours (2:00 a.m. ET open) and in light of client demand, the Montréal Exchange is working on further extending its trading hours by opening the market at 8:00 p.m. ET (t-1). This additional six hours of trading will allow for even greater access to Canadian interest rate and index futures for global participants.
Reporting to the Senior Manager, Collateral and Relationship Management, the Senior Analyst, Collateral and Relationship Management is accountable for ensuring complete and timely processing as well support 30-40 CDCC participants/members in areas such as:
Margin and collateral processing of both cash and securities;
LVTS end of day final settlements, processing wire payments;
Settlement and clearing, exercise processing; and
The candidate must be available to work a 7,5-hour shift to be performed between 8 p.m.and 7 a.m from Sunday night to Friday morning. The exact schedule will be determined at a later date.
Maintain Collateral Requirements, collecting Collateral to satisfy the margin calls via securities pledge or cash, Managing customers’ return of excess funds.
Maintain a daily Cash Reconciliation with the Banks.
Ensure successful completion of end of day net settlement Payment Exchange process.
Ensure participants/members meet their trade settlement obligations.
Support in Exchange with trade corrections.
Update accuracy of Issuers’ Credit Rating.
Act as the point of contact for matters related to Collateral/Banking/Settlements to ensure effective and efficient client support is provided to all participants/members.
Provide guidance and solutions to internal teams and external clients.
Coordinate and support in the Business Continuity Program and Disaster Recovery Program testing.
Interact with Internal and External Audit, Regulators as well as internal departments;
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.
Lead and assist with projects and special assignments.
Education / Experience
Post-Secondary education in Business Administration and/or Accounting is preferred;
Minimum of 2 - 4 years’ experience in the Securities Financial Industry;
Solid knowledge in Operations or Securities Accounting in the Securities Financial Industry.
Effective listening, written and verbal communication skills;
Advanced technical and analytical skills and ability to propose operational solutions and solve moderately complex problems specific to a project or assignment;
Solid interpersonal skills;
Solid 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;
Detailed and results oriented;
Advanced level of technical and analytical knowledge regarding Collateral, Banking and Settlements processes, systems and capabilities.
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.