We are seeking a Derivative Analyst for a global financial institution for their downtown Toronto office.
As a part of the alternative investment services group the Derivatives Analyst will be responsible for analyzing and reconciling Listed and OTC Cleared Derivatives.
The position requires thorough understanding of listed & complex OTC instruments, close attention to detail and the ability to coordinate with multiple internal and external stakeholders, timely and efficiently.
Primary Responsibilities:
· Perform day to day processing and analysis of equity/credit derivative products, alternative products and term loans;
· Successful delivery of assigned accounting, finance and reporting functions adhering to multiple daily deadlines, while ensuring accuracy of performance and exposure analysis;
· Calculating and posting MTM for all open positions to applicable reporting systems;
· Clear breaks identified in the reconciliation process through GL adjustments and verify resulting P&L impact;
· Monitor net cash flows for the various products;
· Produce daily valuation reports and P&L impact reports, including backdated impacts;
· Reconcile positions and P&L against third parties;
· Strict adherence to all policies and procedures as defined in the risk and compliance protocols.
Requirements:
· Bachelor degree in Finance/Accounting/Math or equivalent
· Intermediate proficiency in MS Excel
· Strong analytical skills and basic knowledge of financial instruments
· Strong adaptability and learning capability
· Excellent oral and written communication skills
Preferred:
· Prior industry experience
· Completion or candidacy in CFA, CPA or similar designation
· Experience with OTC Derivative systems and Workflows
Job Types: Full-time, Permanent
Pay: $50,000.00 per year
Education:
- Bachelor's Degree (required)
Work Location: Hybrid remote in Toronto, ON M5J 2W4