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Form of workVenture 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. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. 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.
Ready to be part of the action?
The Post Trade Risk Management team's mandate is to ensure that all required procedures, models, systems, reporting and governance are in place so that CDS and CDCC financial risks are managed according to TMX risk appetite and policy.TMX Post Trade's Risk Management Team applies a matrix management structure to conduct first and second line of defense Risk Management functions for both CDS and CDCC. The risk exposure types managed by the Post Trade Risk Team include credit risk, market risk, liquidity risk, model risk and operational risk. To carry out its mandate, the Risk Team employs sophisticated financial risk models, validation frameworks, risk measurement and reporting systems. The Risk Team collaborates with many internal and external partners including CDS Participants and CDCC Clearing Members, our regulators and our TMX Group partners.
Since CDS and CDCC were designated as systemically important by the Bank of Canada in 2012, TMX Post Trade's role is to ensure the integrity and stability of the markets that it supports. It further takes the necessary actions to help ensure that the Canadian financial markets meet the G20 commitments.
Reporting to the Manager, Risk Operation, your primary role is to support the day to day risk reporting and analysis, and to conduct studies, develop and implement Risk Management tools and contribute to the continuous improvement of Risk Management policies. You will also work closely with other teams within Risk Management.
Key Accountabilities :
Produce timely, accurate risk parameters and analysis related to exchange-traded derivative products and cleared OTC markets
Conduct qualitative and quantitative analysis on market, liquidity and credit risks and produce various risk reports for CDCC management and Board of Directors
Contribute to the risk analysis of new products or initiatives and assess the impact of these on CDCC's risk processes and measures
Develop new Risk Management processes and support the maintenance of related procedures to meet the business and regulatory requirements
Utilize programming skills to optimize current Risk Management processes with analytics tools ensuring that effective controls are in place
Provide assistance to identify the production related incidents, perform root cause analysis and present findings/solutions based on the understanding of the business
Proactively assist with ad-hoc request from external partners (Clearing Members, Regulators, etc) to provide insights and integrated data related to CDCC clearing service
Create the risk testing cases/strategies and support the risk validations in UAT to ensure the smooth implementation of business and IT delivery
Collaborate with multiple working groups (e.g., Information Technology, Risk Architecture, CDCC Operations, etc.) on projects that relate to Risk Management
Must haves:
A Master degree in finance, financial engineering or a Bachelor degree in finance, financial engineering with the equivalent with 1 to 3 years of relevant experience
Relevant Risk Management experience in fixed income or derivatives preferred
Knowledge of SQL language
Good analytical skills with strong attention to detail
Self-starter who is proactive and capable of working independently
Strong interpersonal skills and work well in a team environment
Ability to reflect, summarize, and present sophisticated ideas
Proficiency in both the French and English languages (oral and written) is essential for this role, as the employee will be engaging with both internal and external stakeholders who primarily communicate in English.
Nice to haves:
Matlab programming experience
VBA programming experience
Bloomberg experience
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.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.
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. We provide accommodations for applicants and employees who require it.
