Middle-Office OTC Derivatives Analyst

Procom


Date: 1 week ago
City: Toronto, ON
Contract type: Contractor
On behalf of our client in the Banking Sector, Procom is looking for a Middle-Office OTC Derivatives Analyst
Middle-Office OTC Derivatives Analyst – Job Description

  • An over-the-counter (OTC) derivative is a financial contract that does not trade on an asset exchange, and which can be tailored to each party's needs
  • A derivative is a security with a price that is dependent upon or derived from one or more underlying assets
  • Role: The Derivative Valuation Analyst is responsible for the timely and accurate analysis, valuation, validation and reconciliation of Listed, OTC (Over the Counter) Bilateral and OTC Cleared Derivatives, as well as of alternative investment products, impacting key lines of business including fund services, pension reporting, insurance reporting, custody reporting and all value-added services
  • Perform the daily routine tasks such as setup of Listed Derivatives and OTC Derivatives, in Valuation systems (OTC Over the Counter)
  • Perform tasks for listed Derivatives pricing and analyzing price movements
  • OTC/alternative instruments valuation and measure impact of the daily changes in market data inputs to value of the instrument
  • Reconciliation against third party statements
  • Act as the main liaison with Investment Managers and the internal Trades processing team on new deals and supports the communication of deal price variances that exceed tolerances to the Investment Managers and obtain confirmation
  • Participate in research of appropriate valuation methodology for new complex OTC products traded by clients
  • Participate in the execution around key project deliverables and identify opportunities to streamline processes and increase productivity
  • Ensure compliance with all policies, procedures and standards for all aspects of the business as defined through Risk, Compliance, Operational reviews and audits
  • Cover early/late shifts to support the business within global operating model


Middle-Office OTC Derivatives Analyst – Mandatory Skills

  • Undergraduate Degree in Finance, Math or Engineering (Enrolment in CSC/CGA/CMA/CFA or another recognized accredited program is desirable)
  • 2+ years of solid experience with Derivatives in a middle or back-office environment
  • Experience with OTC Derivatives valuation systems and Workflows
  • Strong understanding of Reuters, Bloomberg and other financial data providers
  • MS Excel (VBA/Macro)


Middle-Office OTC Derivatives Analyst – Assignment Start Date ASAP – 12 months to start
Middle-Office OTC Derivatives Analyst – Assignment Location Toronto, ON – Work Onsite

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