Why FirstOntario?

- Competitive compensation packages
- Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account
- Enhanced mental health perks through SunLife and TELUS Health
- Flex-work environment
- Company-wide Employee Volunteer program (Blue Wave Program)
- Employee and Family Assistance Program

Job Overview

The Senior Analyst, Treasury Settlement is a new position, created to strengthen FirstOntario's cash, settlement and collateral capability as the volume and complexity of Treasury activity continues to grow. The role is accountable for the integrity of cash and collateral once a transaction is done, confirming and controlling settlement across the fixed income, money market, repo and derivative books, managing collateral and counterparty exposure, and deploying structural liquidity into the investment and HQLA portfolios.

The role is also the Treasury business owner of FirstOntario's new cash management system. The Senior Analyst, from go-live, owns the system's configuration, controls and continued development.

Role

Cash Management System - Implementation & Ownership

- Act as Treasury's business owner for the new cash management system, supporting implementation activities led by the Manager, Capital Markets, - requirements definition, process design, configuration decisions, data migration and validation, user acceptance testing, parallel running and cutover and ownership of system operations, governance, data integrity, process optimization, and user support following go-live
- Translate current cash, settlement and collateral processes into system workflows,



using the implementation to remove manual reconciliation and spreadsheet dependency wherever the platform allows
- Design and document the control framework the system operates under: user roles and entitlements, approval limits, segregation of duties, audit trail and exception handling
- Own the system from go-live - configuration changes, static and counterparty data set-up, user access administration, release and upgrade testing, and issue escalation with the vendor
- Maintain the integrations between the cash management system, the general ledger, banking platforms and Treasury reporting, and own the reconciliation controls that prove them
- Train Treasury and Finance users, maintain procedure documentation, and act as first-line support for system questions

Settlement & Trade Control

- Confirm, affirm and control the settlement of capital markets and derivative transactions - fixed income, money market, repo, bond forwards and swaps - including trade capture accuracy and same-day matching to counterparty confirmations
- Identify, elevate and resolve trade failures, settlement exceptions and confirmation discrepancies; maintain the exception log and drive root‑cause follow‑up
- Reconcile investment and derivative positions to custodian, clearing agent and counterparty statements, and to the general ledger
- Provide settlement instructions,



amounts and value dates for capital markets activity, and confirm receipt of funds
- Coordinate with custodians, clearing agents, brokers and counterparties to resolve discrepancies and preserve operational integrity

Collateral & Counterparty Risk

- Manage collateral and margin across the repo and derivative books - collateral selection and substitution, CSA margin calls, eligibility and haircut monitoring, and daily collateral position reporting
- Monitor counterparty exposure, settlement risk and credit limit utilization daily against Board and ALCO limits, including concentration by counterparty, rating band and instrument type
- Escalate limit breaches and near‑breaches through the Manager, Capital Markets with documented remediation, and report exposure into ALCO
- Supply the operational and settlement requirements that support counterparty onboarding and ISDA, CSA and GMRA documentation

Cash & Liquidity

- Monitor HQLA composition, eligibility and levels against the Liquidity Risk Management Framework, and ensure accurate reporting and timely escalation of variances to internal LCR and NSFR operating targets.
- Deploy structural excess liquidity into the investment and HQLA portfolios, within ALCO-approved parameters and at the direction of the Manager, Capital Markets
- Manage the post‑trade lifecycle of repo transactions, including collateral settlement, monitoring, reconciliation, reporting, exception resolution, and maturity processing
- Supply confirmed capital markets and derivative cash flows into the daily cash position, and advise on deployment of the resulting surplus

Forecasting & Analysis

📌 Senior Analyst, Treasury Settlement (Canada)
🏢 Firstontario Credit Union
📍 Canada