Derivative Ops Analyst, Fall 2026 (Co-op/Internship) - 4 months

BMO•Toronto, ON

1d•CA$45,500 - CA$84,500•Onsite

About The Position

The Derivative Operations Analyst (Intern/Co-op) supports the end-to-end lifecycle of OTC derivative transactions within Global Markets. This role provides exposure to trade processing, confirmations, settlements, and reconciliation activities, working closely with Front Office, Operations, and external counterparties. The position offers hands-on experience in a fast-paced capital markets environment, with a strong focus on data accuracy, process discipline, and risk awareness.

Requirements

Currently pursuing a degree in Finance, Economics, Business, Mathematics, or a related field
Strong attention to detail and accuracy
Analytical and problem solving skills – In-depth
Strong verbal & written communication skills – In-depth
Collaboration & team skills – In-depth
Ability to manage multiple tasks in a fast-paced environment
Proficiency in Excel; familiarity with financial markets is an asset

Responsibilities

Assist in validating trade bookings to ensure accuracy and completeness
Support reconciliations across systems to identify and investigate discrepancies
Help ensure trades are correctly captured for downstream processing
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
Assist with drafting and tracking OTC derivative confirmations
Monitor outstanding confirmations and support follow-up with counterparties
Maintain accurate records of trade status and documentation
Support settlement affirmation activities with counterparties
Assist in verifying cash flows and ensuring transactions are processed accurately
Help investigate and resolve basic settlement breaks and exceptions
Support daily reconciliation processes to identify unmatched trades or discrepancies
Assist in investigating and resolving breaks with guidance from senior team members
Help prepare operational and management reporting
Work with Front Office, Operations, and internal teams to support issue resolution
Communicate clearly on trade status, exceptions, and outstanding items
Build relationships across teams to support effective trade lifecycle management
Participate in process improvement and automation initiatives
Identify opportunities to streamline tasks or improve data quality
Learn core derivatives lifecycle processes and control frameworks