Venture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team. Ready to be part of the action? Reporting to the Manager OTC Derivatives, Business Operations, the Senior Specialist, OTC Derivatives, will be accountable for ensuring complete and timely processing of all Total Return Swap (TRS) workflows. This role also supports CDCC Clearing Members in areas such as: ? Member Clearing Services including management of the CDCC Collateral Web Portal; ? Clearing & Settlement of TRS Transactions and Collateral Management; ? Corporate Actions event management & execution; ? Banking, Custodian and Third party settlement including end of day and final settlements with payment processing; This role is a subject matter expert in the Clearing & Settlement of Derivative products with emphasis on Total Return Swaps. Furthermore, the role is responsible for ensuring the continued and enhanced client satisfaction throughout the CDCC North American Clearing Session. Key Accountabilities : Act as the primary escalation point for all matters related to Collateral, Banking, Clearing, Settlements and Corporate Actions ensuring effective and efficient client support is provided to all Clearing Members for TRS Transactions; Manage and maintain Collateral and Concentration Requirements, including the collection of collateral to satisfy the Intra-day & End-of-day Margin calls via securities pledge or cash, and overseeing the timely flow of funds to/from CDCC; Ensure timely completion of the payment processing and settlements including end of Day obligations; Ensure TRS Clearing Members meet their trade settlement obligations; Verify daily Cash Reconciliation of the various securities and cash accounts with CDCC Settlement Banks, Custodians and Triparties; Collaborate and partner with internal and external auditors, regulators, technology teams, client services, and risk management to ensure compliance and effective issue resolution; Ensure strict adherence to internal procedures, rules, audit requirements and internal controls verification processes; Serve as the primary delegate for the Manager, OTC Derivatives, on the CDCC Corporate Actions Committee; Proactively identify and recommend changes to existing processes, services and procedures to enhance customer service, and operational efficiency; Support and participate in the Business Continuity Program, Disaster Recovery Program, Default Simulation and other testing exercises to ensure operational resilience; Contribute to strategic projects, including regulatory change implementation and system upgrades. Must haves: Post-Secondary education in Commerce, Business Administration, Finance, and/or Accounting is preferred Minimum of 8+ years’ experience in the Securities Financial Industry In-depth, expert-level knowledge of the end-to-end TRS trade lifecycle Advanced level of technical and analytical knowledge regarding Derivatives, Corporate Actions, Collateral, Banking and Clearing/Settlements processes, systems and capabilities Extensive experience with industry platforms such as CDS, DTCC, SWIFT, etc Solid interpersonal and organization skills with the demonstrated ability to plan and prioritize Ability to work independently with minimal supervision, as well as collaboratively within a team environment. Strong attention to detail with a proven ability to deliver accurate, clear, and concise information in a fast-paced, time-sensitive environment. Excellent interpersonal and communication skills, with the ability to confidently articulate complex issues to senior stakeholders. Flexibility required to work in a time sensitive environment with tight deadlines Nice to haves: Proficiency with S&P Corporate Actions system, Google Suite, Excel and other desktop applications Proven track record of successfully identifying and implementing process improvements Note: Hybrid role requiring in office presence 2-3 days/week The candidate must be available to work a 7.5-hour rotating shift performed between 8:00 a.m. and 6 p.m. from Monday to Friday. In the market for… Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success. Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work. Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy. Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth. Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now. Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 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. Our Culture: The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team. Ready to be part of the action? Our Business: TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation Trayport and VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
