Derivatives Analyst

2 months ago


Toronto, Canada Recrute Action Full time
Derivatives Analyst

Our client has a dynamic 1-year contract role in the insurance industry, with strong potential for conversion to a full-time position based on performance. This hybrid role combines in-office collaboration from Tuesday to Thursday with the flexibility of remote work on other days. You'll be part of a global team managing a significant portfolio of derivative products, supporting life insurance general accounts and asset management operations across multiple international offices.

What is in it for you:

• Hourly salary of $28.20 to $37.61, based on experience.
• 12-month contract with the potential for permanent employment.
• Full-time position: 37.50 hours per week.
• Weekday schedule from 9 am to 5 pm
• Hybrid work: 3 office days, from Tuesday to Thursday.
• Opportunity to work in a dynamic and professional environment.
• Join a passionate and inclusive team of professionals.

Responsibilities:

• Manage the onboarding of new derivatives accounts and brokers.
• Ensure operational readiness for derivatives trading, coordinating with middle office, operations, and collateral management teams.
• Collaborate with traders to ensure the availability of a full range of derivative brokers for best execution.
• Work closely with Legal Services to ensure proper legal agreements for trading.
• Maintain comprehensive records of accounts, legal agreements, authorized products, and active brokers.
• Provide ongoing support for external broker relationship management.
• Assist the Derivatives Solutions team in setting up technology for new derivative products.
• Contribute to process improvement, especially in coordination with the Asia team.
• Lead side projects to validate broker setups and clean up records.

What you will need to succeed:

• University degree in business or technology or equivalent experience.
• 3+ years of relevant industry experience, with at least 1 year of hands-on experience in derivative products.
• Familiarity with derivative instruments such as repos, TBAs, futures, FX, options, and swaps.
• Familiarity with derivatives trading and collateral agreements, including ISDA/CSAs, GMRAs, and MSFTAs.
• Knowledge of various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts, and life insurance general accounts.
• Proficiency in Microsoft Office suite.
• Excellent analytical and problem-solving skills, with the ability to evaluate multiple factors and recommend solutions.
• Strong interpersonal skills and ability to build and maintain good working relationships, both internally and externally.
• Ability to adapt to rapidly changing environments and manage competing priorities.
• High attention to detail, excellent verbal and written communication skills.
• Experience working in a global team and supporting remote collaboration via platforms like Microsoft Teams.

Why Recruit Action?

Recruit Action (agency permit: AP-2000003) provides recruitment services through quality support and a personalized approach to job seekers and businesses. Only candidates who match hiring criteria will be contacted.

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