Senior Analyst, Capital Markets & Financial Operations

EQ Bank | Equitable Bank • Toronto, ON

3d • Hybrid

About The Position

The Senior Analyst, Capital Markets & Financial Operations is a key member of the Accounting and Finance team. Reporting to the Senior Manager, Hedge Accounting & Financial Operations, the role will be responsible for providing operational support for financial instruments, confirmations, settlements, hedge accounting and fair valuations. The role works closely with various departments including Treasury, Capital Markets, and Securitization operations, and is responsible for providing middle-office and back-office functions for securities trading including settlements, reporting and valuations. The role will also provide support to the banking operations, procurement, and accounts payable functions within the Financial operations team.

Requirements

• University/Post-graduation education in Accounting, Commerce, or Business.
• 2-3 years of prior experience in a financial institution’s middle office for financial operations.
• Ability to clearly communicate technical, analytical, quantitative or conceptual information and ideas using language that is appropriate to the target audience.
• Basic understanding of financial instruments, especially FX forwards and interest rate swaps.
• Familiarity with banking systems and payment processing platforms.
• Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word).
• Understanding of regulatory frameworks related to financial transactions.
• Ability to work extensively with formulas, data and spreadsheets.
• Possess strong problem-solving and analytical skills, attention to detail, and organization skills.
• Ability to multi-task competing priorities.
• Ability to work in both team and individual environments.

Nice To Haves

• Advanced Microsoft Excel skills, including developing/running macros using VBA would be an asset.
• Knowledge of Microsoft SQL Server Management Studio would be an asset.
• Experience in securitization would be an asset.

Responsibilities

• Manage settlements for security transactions, including swap payments and receipts.
• Coordinate with traders in Treasury/Capital Markets, custodians, and counterparties to resolve any settlement issues.
• Manage the trade upload process to CDS custodian portal, reconcile external and internal trade confirmations, and ensure accurate settlement uploads into the Treasury duration reporting system.
• Review and verify daily trades by maintaining the daily trade blotter featuring all trades and bond price details, raising and flagging any unmatched transactions to enhance transparency and facilitate timely observability.
• Review and verify payment settlements for accuracy and compliance with established procedures.
• Investigate and resolve discrepancies in payment instructions and liaise with relevant stakeholders to ensure timely resolution.
• Track payment wires for FX forwards and interest rate swap transactions in accordance with trade agreements and market conventions.
• Validate data input in the system against contractual terms for various derivatives, including FX forwards and interest rate swaps.
• Conduct regular investigations to ensure data accuracy and identify and rectify any discrepancies.
• Prepare and maintain accurate reports related to daily trades, payment settlements, wire creations, and data input validation.
• Manage significant business growth, implementing measures to ensure transparent and observable trades while aligning with governance standards.
• Ensure appropriate controls exist over securities and derivative valuations, and hedge accounting transactions.
• Document new operational processes.
• Develop process improvement initiatives.
• Complete ad-hoc projects, as assigned.

Benefits

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

What This Job Offers

• Job Type: Full-time
• Career Level: Senior