Derivatives Analyst

Role overview

This contract role is based in Toronto, Ontario and follows a hybrid work setup with 1-2 flexible days on site. The position focuses on improving collateral operations through automation, digitization, and AI-enabled process enhancement while staying aligned with policies, procedures, and regulatory obligations. The pay rate is $40 to $43 per hour.

What you will do

You will support the end-to-end handling of collateral-related operations, including automated safekeeping, system-based tracking and reporting, and digital perfection, continuation, and release activities. The role also involves advisory support, stakeholder coordination, issue resolution, change management, and process improvement work.

• Act as a dependable advisor to the assigned business group.
• Influence discussions and negotiate to help deliver business goals.
• Assess issues, draw conclusions, and recommend practical solutions.
• Spot emerging trends and operational risks that may affect decisions.
• Help define business priorities and the best order for execution.
• Support strategic initiatives with internal and external stakeholders.
• Communicate with business partners and customers on standard and complex queries.
• Build strong working relationships and ensure stakeholder alignment.
• Combine information from multiple sources to improve processes and reporting.
• Investigate issues, resolve them promptly, or escalate when needed.
• Contribute to change management planning, readiness, rollout, evaluation, and sustainment.
• Help develop and manage programs for the business group.
• Review program effectiveness and suggest improvements based on industry trends.
• Identify business needs and create tools or training materials, including delivery when required.
• Serve as a day-to-day contact for vendors where applicable.
• Support implementation, maintenance, and ongoing use of vendor solutions.
• Process transactions and activities accurately and on time while protecting regulatory and risk controls.
• Follow documented procedures to ensure SLA commitments are met.
• Handle specialized product or functional area responsibilities as assigned.
• Provide knowledgeable responses to internal and external stakeholder questions.
• Verify information and documentation for completeness and accuracy.
• Maintain awareness of regulatory requirements and operational risk, and act accordingly.
• Use sound judgment to diagnose and solve problems within defined rules.
• Work independently and manage non-routine situations effectively.
• Apply the bank’s Risk Management Framework in day-to-day execution.

Experience and knowledge needed

The role typically requires 3-5 years of relevant experience along with a post-secondary degree in finance, or an equivalent mix of education and experience. Strong knowledge of finance and accounting is essential, along with experience in counterparty credit risk, OTC derivatives, and repo products. A solid understanding of products, services, processes, testing, controls, and opportunities to redesign processes for automation is important.

Preferred background

Useful additional experience includes margin call work, digital AI tools such as MS Copilot, understanding of risk and regulatory requirements, AI governance, workflow automation tools like MS Power Automate, and reporting platforms such as Copilot for Finance and MS Power BI.

Skills and working style

The position calls for strong prioritization, execution, customer service, communication, analytical thinking, and collaboration skills. You should be comfortable balancing daily operations with transformation work, multitasking in a fast-paced setting, identifying automation opportunities, and explaining automation and AI concepts to non-technical audiences. Advanced PC skills in MS Word, Excel, and PowerPoint, along with prompt writing and data/automation/AI tool usage, are considered an advantage.

Compensation and work setup

Hourly pay is listed at $40 to $43. The role is hybrid, with 1-2 days on site each week on a flexible basis.

Additional notes

The role requires measured risk-taking aligned to approved risk appetite, policy documents, laws, and regulations, with a strong focus on protecting assets and supporting business strategy through risk-informed decisions.