OTC Collateral Management Senior Analyst

Attendance

Hybrid

Job number

23658

Category

Intermediate Professional

Status: Permanent

Type of Contract

Permanent

Schedule: Full-Time

Full Time / Part Time?

Full-Time

Posting date

02-Dec-2024

Location: Montreal, Quebec

City

Montreal

Province/State

Quebec

Area of Interest: Financial markets and treasury

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

Languages:

English, French

Reason to require this language: you will need to discuss frequently with our service providers or partners who speak a language other than French.

Skills

Collaboration Collateral Management Derivatives Detail-oriented Effective communication Initiative Interpersonal Skills Learning Agility Microsoft Excel Multitasking Python Programming Regulatory Compliance Resiliency Results oriented Teamwork

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!

Apply

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?