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 Specialist, OTC Derivatives, Business Operations will be accountable for complete and timely processing of all Total Return Swap (TRS) workflows. This role also supports CDCC Clearing Members in areas such as:

• Post-trade TRS and settlement activities, 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
• Providing expert customer support, resolving inquiries, and guiding clients through various TRS processes

We’re looking for a motivated and detail-oriented specialist to handle the Clearing and Settlement of Over the Counter Total Return Swaps and Corporate Actions. This role is critical for ensuring and improving client satisfaction during the CDCC North American Clearing Session.
This role is hybrid (2 - 3 days/week in the office) - based in Montreal, QC. 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.

KEY ACCOUNTABILITIES:

• Act as the primary point of contact for all Clearing Members regarding Collateral, Banking, Clearing, Settlements and Corporate Actions matters for TRS Transactions, ensuring effective and efficient client support;
• Maintain Collateral and Concentration Requirements including collecting Collateral to satisfy the Intra-day & End-of-day Margin calls; via securities pledge or cash, managing customers’ timely flow of funds to/from CDCC;
• Ensure timely completion of the payment processing and settlements including End of Day obligations to mitigate risk;
• Ensure TRS Clearing Members meet their trade settlement obligations;
• Perform a daily Cash Reconciliation of the various securities and cash accounts with CDCC Settlement Banks, Custodians and Triparties;
• Provide guidance and solutions to internal teams and TRS Clearing Members;
• Participate in team interactions with Regulators, Technology, Client Services, Risk, as well as internal departments on compliance and operational matters;
• Adhere strictly to internal procedures, rules, audit requirements and internal controls verification processes;
• Recommend changes to existing processes, services and procedures to ensure excellent customer service, and that we operate in an efficient and effective environment;
• Participate in the Business Continuity Program, Disaster Recovery Program, Default Simulation and other testing exercises to ensure operational resilience;
• Develop and maintain comprehensive procedural documentation;
• Assist with projects and special assignments including system configuration as required.

• Post-trade TRS and settlement activities, 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
• Providing expert customer support, resolving inquiries, and guiding clients through various TRS processe