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Senior Specialist, Derivatives Operations

  • Toronto, ON, Canada

The salary band for this position ranges between $52,800 - $79,200 · Contract

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Job details

Pay
The salary band for this position ranges between $52,800 - $79,200
Job type
Contract
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Posting language
English
Posted

Original job description

Job Number: J1026-0206

Category: Fund Services

Employment Type: Contract

City: Toronto/Mississauga

Posting Date: October 28, 2026

Closing Date: November 11, 2026

Company Information

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

Position Overview

A leading operations role in executing critical daily processes to support derivative investments by mutual funds, ETFs and separately managed accounts. The Senior Specialist, Derivative Operations ensures that all derivative transactions that are incoming from various sources are processed into Back office and Middle office applications.

Responsibilities

  • Execute critical daily processes to provide essential inputs of derivatives (futures, options, swaps, etc.)
  • Ensure derivative trades flow to accounting system, custody system along with settlement instructions
  • Working with traders/investment managers, and custodians/prime brokers to identify, investigate and resolve portfolio discrepancies, overdrafts and money market trade settlement problems;
  • Perform collateral management and administration; instruction of margin and securities movement
  • Ensure highest level of accuracy in processing to avoid and mitigate risk of all sensitive transaction
  • Perform daily recon with counterparties on all assets
  • Updating Investment Book of Record (IBOR) with trades and corporate action events
  • Researching and creating securities investment profiles, valuation models; operating and supporting specialist systems
  • Ensuring correct and timely post-execution reporting of trade activities, for example portfolio cash management blotters, projections, security trades, margin, and derivative transactions;
  • Price and evaluate derivatives (futures, options, and swaps) using appropriate valuation models and market inputs.
  • Collect and synthesize financial and market data from internal and external sources (prices, yields, trading volumes, economic forecasts, company financial statements) to support investment and derivatives analysis.
  • Examine and analyze the collected investment information, including company profiles, stock and derivatives prices, volatility, and trends.
  • Develop, implement, and use tools for managing and analyzing financial portfolios and derivative exposures; maintain models and dashboards to ensure accuracy and timeliness.
  • Perform scenario and stress testing on derivative positions and related exposures; assess hedge effectiveness and key risk sensitivities.
  • Produce analytical reports on derivatives and related investments, summarizing findings and methodologies for stakeholders.

Qualifications

Education/Experience

  • One to three years experience in an accounting/operations related position (experience with mutual funds, securities/investments, cash management and reconciliation is preferred) or middle office (prime brokerage, broker/dealer, bank);
  • Experience with processing various securities (fixed income and equities), term loans and/or derivatives instruments (futures, options, swaps, etc.)
  • Post-secondary degree in accounting/finance/business/commerce or equivalent;
  • Successful completion of the Canadian Securities Course and Derivative Fundaments is preferred; CFA candidate would be an asset

Specific Knowledge & Skills

  • Familiarity with Fund Accounting system and Bloomberg,
  • Proficiency in PC software such as MS Excel ;
  • Programming/development and data management skills, including experience with VBA, SQL and macros, would be considered an asset;
  • Strong attention to detail coupled with proven research and problem-solving skills;
  • Ability to work independently in a time sensitive environment and deal with fluctuating work volumes;
  • Strong communication skills, both written and verbal;
  • Knowledge of applicable policies and procedures.

CIBC Mellon's Values

Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards

Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward

Be One Family: Challenge, empower and recognize your colleagues

Take Ownership: Speak up, speak out, and make things better

Job Specific Competencies

  • The salary band for this position ranges between $52,800 - $79,200
  • Individual pay is determined by factors such as job-related skills, market conditions, relevant experience, education, training, and internal equity.
  • Please note, our recruitment process may include the use of AI-assisted tools.
  • This posting is for an existing vacancy.

CIBC Mellon is committed to taking all reasonable steps to accommodate the needs of all individuals. Should you require any accommodations during the recruitment and selection process, please speak with your Recruitment Consultant.
More about this job

Responsibilities

Process derivative transactions and ensure accurate flow of trades, settlement instructions, and reporting across back-office and middle-office systems. Manage collateral, reconciliations, valuations, portfolio data, and risk analysis, while investigating and resolving discrepancies with investment managers, custodians, and counterparties.

Requirements

The role seeks one to three years of accounting, operations, or middle-office experience, preferably involving funds, securities, cash management, reconciliations, or derivatives. A post-secondary degree in accounting, finance, business, or commerce is required; knowledge of fund accounting systems, Bloomberg, Excel, and strong research, problem-solving, communication, and attention-to-detail skills are expected, while securities and derivatives courses, CFA candidacy, VBA, and SQL are assets.

Skills

  • Derivatives Operations
  • Trade Processing
  • Fund Accounting
  • Reconciliation
  • Collateral Management
  • Margin and Securities Movement
  • Investment Book of Record (IBOR)
  • Derivative Valuation
  • Financial Analysis
  • Portfolio Management
  • Scenario and Stress Testing
  • Risk Analysis
  • Bloomberg
  • Microsoft Excel
  • VBA
  • SQL

Visa sponsorship

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Categories

  • Finance & Accounting
  • Data & Analytics

Keywords

  • Derivatives
  • Futures
  • Options
  • Swaps
  • Mutual Funds
  • Exchange-Traded Funds
  • Separately Managed Accounts
  • Fund Accounting
  • Back-Office Systems
  • Middle-Office Systems
  • Trade Processing
  • Settlement Instructions
  • Collateral Management
  • Margin Management
  • Reconciliation
  • Investment Book of Record (IBOR)
  • Derivative Valuation
  • Valuation Models
  • Market Data
  • Portfolio Management
  • Scenario Testing
  • Stress Testing
  • Hedge Effectiveness
  • Bloomberg
  • Microsoft Excel
  • VBA
  • SQL
  • Canadian Securities Course
  • Derivatives Fundamentals
  • CFA

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