Middle-office OTC Derivatives Analyst
Location: Bedford, NS - Hybrid - (4 days in office, 1 day work from home)
Pay Rate: $29.01/hr
Contract Length: 6 Months
We at Raise are hiring a Middle-office OTC Derivatives Analyst for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand. We’re hiring right now; if you’re interested,
Responsibilities: Draft and review ISDA confirmations covering plain vanilla and structured OTC derivative transactions initially covering the equity asset classes and thereafter supporting other asset classes, as necessary, and directly negotiate terms of the confirmation with counterparties
Escalate any unusual behavior as well as any processing issues to the Team Manager in a timely manner following the BCS Escalation Policy
Assist the Team Manager / Department Head on projects, process improvements or current business initiatives as requested
Ensure that all documentation comply with jurisdictional regulations, ISDA and current market practice, or where there are variations, that they are acknowledged and understood by the appropriate individuals and teams
Daily chase and follow up on all outstanding (unsigned) confirmations
Eliminate lengthy delays in confirmation execution and accelerate inevitable delays promptly and appropriately
Be an information conduit between London, Toronto & New York Derivative Confirmations teams
Take on ad hoc projects related to cost reduction and efficiency enhancement goals
Participate in regular team meetings which also includes but is not limited to knowledge sharing on a specific derivative product
Regulatory initiatives – assist Regional Management to pre-emptively adapt to evolving regulatory requirements, stay abreast of the latest developments (e.g. DFA, Clearing) and their implications to make recommendations.
Track and govern self-identified gaps and audit comments
Continue to develop product / market knowledge to ensure daily processes effectively mitigate operational risks
Support colleagues during busy periods by sharing workload as applicable.This includes cross-training on other desks within the department to provide relief during absences and high volume periods
Must-Have Skills: Experience drafting, reviewing, and negotiating OTC derivative confirmations. (Open for any derivatives experience)
Knowledge of equity derivative products (swaps, options, exotics)
Strong attention to detail and ability to manage high volumes with accuracy
Excellent written and verbal communication skills with a client-service orientation
Nice-to-Have Skills: CFA or relevant financial certification
Microsoft Office Suite/Sophis/Actiflow/Nemo (They can be trained from scratch, not must)
Knowledge with AI
Python/VBA skills (for process automation or efficiency projects)
Familiarity with regulatory frameworks such as Dodd-Frank, EMIR, or clearing requirements
Cross-asset class confirmations experience (rates, credit, FX)
Looking for meaningful work? We can help! Raise is an established hiring firm with over 65 years of experience. We believe strongly in making the world a better place through work, which is why we’re a certified B Corporation and donate 10% of our profits to charity.
We strive to build teams that reflect the diversity of the communities we work in. We encourage all qualified applicants to apply, including people from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as LGBTQ2SI, veterans, and people with visible/nonvisible disabilities.
We have a dedicated webpage for accommodations where you can learn more about what we offer and request accommodation: https://raise.jobs/accommodations/
In order to submit candidates for roles, our clients will sometimes require personal information to confirm the identity of applicants and their legal status to work. Raise will never ask you for personal or banking information unless you have been selected for a job. If you are ever unsure about the legitimacy of this or another job posting by Raise (or have any other questions), please contact us at +1 (phone hidden) or
[email protected]
#FIN24
#LI-VM1
#J-18808-Ljbffr
📌 Middle-office OTC Derivatives Analyst (Nova Scotia)
🏢 Raise
📍 Nova Scotia