Venture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team. Reporting to the President, CDCC, this role is a critical strategic resource focused on accelerating Post Trade's strategy and objectives.

The Managing

Director will drive the execution of complex, high-impact market modernization initiatives, providing dedicated delivery leadership to Post-Trade Innovations and CDCC. Success hinges on a proven capital markets expert with deep knowledge of the Canadian capital markets, with an emphasis on fixed income, derivatives and repo markets knowledge, established relationships with key industry stakeholders. This expertise is vital in driving strategic development and managing complex alignment across TMX and core industry partners, including the Bank of Canada (BoC) and CIMPA participants, optimizing and aligning the Post Trade delivery strategy, with special initial focus on delivering and establishing the Canadian Collateral Management Service (CCMS) and Repo 2.0.

Reports To: President, CDCC and Co-Head, Post-Trade Services Job Location: This role is hybrid (2-3 days/week in the office) - we are open to candidates being located in one of our Canadian office locations: Partner deeply with the Product Teams across Post Trade to translate product visions, commercial goals, and market requirements into robust, executable program delivery roadmaps.

Strategic Initiative Leadership: Provide strategic support for the execution and alignment of major market modernization initiatives, specifically the Canadian Collateral Management Service (CCMS) and the Repo program. Serve as the primary liaison to ensure strategic and operational alignment required for the Bank of Canada's (BoC) integration into the Post Trade framework, including the implementation of the CCP tri-party repo platform.

Market and Client Engagement: Help cultivate and maintain relationships with key stakeholders (e.g., Serve as the primary coordinator for external representation with Clearstream. Design and implement a mandatory,



structured knowledge-transfer and cross-training program to decentralize business and product expertise.

Operational Accountability & Resource Management: Enforce mandatory participation of all dedicated resources in CCMS squad meetings and planning sessions. Provide formal performance evaluation input to the functional leaders of dedicated resources.

Leadership and Guidance: Manage hiring, training and development of team members; set comprehensive objectives for individual and organizational performance and growth, enforcing accountability at all levels. Instill a culture of extreme ownership, high psychological safety, and continuous improvement. Collaborate with other senior resources to ensure that objectives are aligned across all functions and business units, and create a culture of change and continuous improvement.

Serve as a trusted adviser to provide support and strategic guidance, or take on time critical tasks with minimal prep time.

Experience: Minimum of 15+ years of progressive leadership experience in fixed income markets, both in Canada and internationally, with a specific focus on the repo market and clearing markets, alongside a proven track record of delivering enterprise-scale market infrastructure programs.

Market Knowledge: Deep expertise in the Canadian fixed income and repo markets, combined with strong analytical skills to inform and execute strategic direction. Proven experience working on complex fixed income products and market structures, including repo clearing.

Commercial Engagement: Demonstrated commercial success and hands-on experience in engaging with buy-side and sell-side firms across Canadian and US markets to address complex operational and regulatory needs.

People Leadership: Exceptional track record of managing and transforming complex teams, developing future leaders, and driving high employee engagement scores in a fast-paced workplace.

Matrix Leadership: Proven experience leading cross-functional teams in a complex environment (solid-line/matrix reporting) where resources must balance functional standards with strict program delivery timelines. Bachelor’s degree in Business, Finance,



Economics, or a related technical discipline.

Regulatory Experience: Demonstrated experience in engaging with central banks or other regulatory bodies on market initiatives is highly desirable. An MBA, CFA, or advanced degree in project/program management is highly desirable.

Governance Frameworks: Direct experience designing and executing formal project governance models, including RACI frameworks, cross-organizational risk management, and formal steering committee reporting is highly desirable.

Language Skills: Fluency in English and French is an asset, given regular communications with internal teams and external stakeholders. In the market for… Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets!

Experience the movement of the market while grounded in the stability of close to 200 years of success. Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work. Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth.

As well, our employee-led Team Impact spreads social good via our giving strategy. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate.

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation Trayport and VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

Job Compliance

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. #

📌 Managing Director, Commercial Initiatives (Toronto)
🏢 TMX Group
📍 Toronto