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Our client, a leading global financial institution, is seeking an Operations Analyst to join their Global Operations team on a long-term contract. This role supports Fixed Income trading activities, with a focus on collateral and cash settlements within a fast-paced capital markets environment. The successful candidate will play a key role in ensuring accurate and timely settlement processing, reconciliation, and exception management while collaborating closely with internal stakeholders and external partners. This is an excellent opportunity for early-career professionals to deepen their expertise in Fixed Income operations and transaction lifecycle management. This is a hybrid position based at Toronto, with onsite requirements currently set at three days per week (Monday to Wednesday), with potential to increase.
Job Responsibility:
Execute key operational processes supporting collateral settlements for Fixed Income trading
Process principal and interest settlements using Loan IQ for CSA agreements
Perform cash settlements via SWIFT messages (MT202, MT103) for margin and repo activities
Reconcile internal accounts, depository balances, and investigate discrepancies
Identify, analyze, and resolve settlement and reconciliation exceptions
Manage breaks related to trade discrepancies, system feeds, and trade vs. transfer reports
Collaborate with internal teams, custodians, and external partners to resolve issues efficiently
Support ongoing process improvements, testing, and implementation initiatives
Maintain and update procedural documentation in line with operational changes
Ensure compliance with internal policies, controls, and escalation procedures
Deliver high-quality service to stakeholders while meeting defined SLAs
Requirements:
1–2 years of experience in Capital Markets operations
Strong knowledge of Canadian and U.S. Fixed Income settlements
Experience with settlements, payments, and reconciliation processes
Understanding of transaction lifecycle for Fixed Income products (e.g., Repo, Securities Lending)
Advanced proficiency in Microsoft Office (Excel, VBA preferred)
Strong analytical, organizational, and time management skills
Ability to interpret and make decisions within defined operational guidelines
Post-secondary degree in Finance, Business, or a related field
Canadian Securities Course (CSC) or other relevant financial certification (preferred/required)
Nice to have:
Experience with SWIFT messaging (MT202, MT103)
Familiarity with Loan IQ or similar settlement systems
What we offer:
Opportunity to gain hands-on experience within a top-tier capital markets environment
Exposure to Fixed Income products, collateral management, and global settlement processes
Long-term contract with potential for extension and conversion
Collaborative team environment with strong learning and development opportunities
Involvement in process improvement initiatives and operational projects