associate - derivative reconciliations in toronto

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toronto, ontario
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Finance and Accounting
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job description

Are you a Business Analyst with an in-depth understanding of Capital Markets and Derivatives? Have you previously been responsible Reconciliations of Repo Margins? Are you looking for a new opportunity to continue to develop your skills? If so look no further, as we have an excellent opportunity for you!

We are currently looking for a Associate - Derivative Reconciliations to support our client, a leading Canadian bank, in their Downtown Toronto office. In this role you will work full time hours (M - F 8AM - 5PM) on a 6 month assignment, and earn a competitive rate of up to $33.30 per hour.

As an Associate - Derivatives Reconciliations your main responsibility will be to ensure that the terms of the collateral agreements that the Bank enters into, in connection with its over-the-counter derivatives business and with its Repo/ Reverse Repo business, are met, and that the Bank’s policies, procedures and guidelines, in connection with margin call dispute resolution and proactive reconciliation, are followed in an efficient and effective manner. This will include but not be limited to the following:

• Investigating, Resolving, and Escalating collateral disputes exceeding typical regulatory thresholds - including reconciling portfolio valuation discrepancies and reporting on the causes of these discrepancies
• Proactively reconciling portfolios based on Market Prices using established company protocols
• Investigating trades that have valuation differences exceeding standard tolerance levels
• Identifying potential risks within the scope of work, and making recommendations to ensure contingency plans are in place
• Collaborate with internal department to ensure regulatory compliance is being followed, and to provide insight and recommendations to maintain adherence to relevant legislation
• Act as SME and provide insight into the department business objectives to compliment change management & product support strategy initiatives
• As well as any additional related Business Analysis tasks

• Gain experience working with one of Canada's leading banks, handling portfolios of various sized and learning about various financial products in the market
• Work full time hours on a 6 month assignment (with potential for extension)
• Earn a competitive pay rate of up to $33.30 per hour
• Work in Downtown Toronto

• 3 to 5 years of related work experience in capital markets reconciliation
• Good knowledge of OTC derivatives and swaps is beneficial
• Experience with OTC derivatives products
• Strong or advanced level of knowledge in MS Excel (Macros, V-Lookup Function, VBA etc.) and MS Access is required.
• CFA and FRM designations are required for this role
• Familiar with established process analysis and improvement tools is an asset, i.e. Algo collateral system / Calypso collateral management database
• Experience with collateral management processes is beneficial but not required
• Market practices as relates to collateral management is an asset


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Randstad Professionals Canada
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Randstad Canada is also committed to developing an inclusive, barrier-free selection processes and work environments.If contacted in relation to a job opportunity, you should advise your Randstad Representative or your local Randstad branch in a timely fashion of the accommodation measures which must be taken to enable you to be assessed in a fair and equitable manner.Information received relating to accommodation measures will be addressed confidentially.

For all feedback on equity and accommodation needs, please contact your local Randstad Canada Branch.