OTC Collateral Management Senior Analyst

A career as an OTC Collateral Management Senior
Analyst within the Financial Market Operations team at the National Bank of
Canada, you will contribute to the effective management of OTC derivatives
operations. By combining your expertise in financial instruments with strong
collateral management knowledge, you will support initiatives that improve
operational efficiency, ensure regulatory compliance, and strengthen the bank’s
competitive position.

Your Role

• Execute margin calls for OTC derivatives under ISDA collateral
  agreements with accuracy and in full compliance with regulatory
  requirements.


• Reconcile and analyze mark-to-market (MTM) discrepancies,
  collaborating with counterparties and internal teams to resolve
  differences.


• Develop and implement process improvement strategies to enhance
  operational workflows.


• Manage escalations related to counterparty disputes and
  defaults, providing actionable recommendations to senior leadership.


• Act as a liaison for internal and external audits, maintaining
  proper documentation and ensuring adherence to compliance standards.


• Design and apply analytical frameworks to enhance risk
  management and operational efficiency.


• Support the integration of new financial products and services
  through detailed operational and technical assessments.

Your Team

You will join a team of professionals
within Financial Market Operations, reporting directly to the Director of
Collateral Management and Portfolio Reconciliation. This team is recognized for
its strong expertise in OTC products and its commitment to operational
excellence and continuous improvement.

As a key partner to various departments,
including Operations, Credit, Legal, Front Office, Market Risk, Compliance, and
Treasury, you will collaborate closely with stakeholders to uphold quality
standards and contribute to technological and procedural advancements.

Our training programs use on-the-job learning to help you
master your role. You can access personalized training content to support your
ongoing learning.  You’ll also have access to colleagues with a wide range
of expertise, experience, and backgrounds to enrich all aspects of your
development. This is an evolving position and is part of a clear and determined
development path that can allow you to evolve in your role and thus to access different
levels of function and propel your career.

Prerequisites

• Bachelor’s degree in Finance, Economics, Mathematics, or a
  related field.


• 1+ years of relevant experience in derivatives operations


• Advanced knowledge of derivative instruments and risk
  management principles.


• Proficiency in Microsoft Excel, including advanced
  functionalities such as pivot tables, dynamic analysis, and financial
  modeling.


• Familiarity with market regulations and compliance
  requirements.


• Programming skills in Python, VBA, or equivalent languages are
  highly valued for process automation and innovation.


• Proven ability to deliver accurate work under tight deadlines
  with great attention to detail.


• Strong interpersonal and communication skills, fostering
  effective collaboration across teams.


• Attention to detail & results oriented 


• Strong ability to multi-task and be proactive. Must be a
  self-starter 

Your benefits

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family. 
 
* Health and wellness program, including many options
* Flexible group insurance
* Generous pension plan
* Employee Share Ownership Plan
* Employee and Family Assistance Program
* Preferential banking services
* Opportunities to get involved in community initiatives
* Telemedicine service
* Virtual sleep clinic 
 
These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family. 
 
Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.
 
We're putting people first
We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.   Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.  
 
We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team? 
 
Come live your ambitions with us!