Senior Derivatives Analyst

Job Title: Senior Derivatives Analyst
Job Duration: 8 months
Job Location: Edmonton, AB
Work Type: Remote

Position Overview:

• The Senior Derivatives Analyst will play a key role within the Derivatives Operations team, collaborating with internal and external stakeholders to develop processes and provide actionable recommendations.
• This individual will bring leadership in the development of business models, guide the implementation of projects, provide team training, and contribute to the creation and refinement of policies and procedures.
• Working closely with leadership, the Analyst will focus on process efficiency, ensuring seamless operations.
• As a subject matter expert, the Senior Derivatives Analyst will possess in-depth knowledge of current and emerging regulatory requirements related to derivatives, analyzing their impact on processing operations.
• This role will also involve interpreting derivative contracts to assess risk, profitability, and operational effectiveness and working with internal and external legal teams to draft or amend agreements.

Key Responsibilities:

• Partner with internal and external teams to design and recommend improvements to business processes.
• Lead operational support, maintenance, and training initiatives for newly implemented business models or processes.
• Analyze derivative contracts to evaluate their impact on our client's risk profile, profitability, and operational workflows.
• Collaborate with legal counsel to create or amend agreements as needed.
• Leverage expertise in over-the-counter and cleared derivatives to support operational processes and provide guidance.
• Identify inefficiencies in existing procedures and recommend improvements to streamline processes.
• Work closely with stakeholders to implement solutions that enhance operational efficiency while ensuring adherence to internal controls.
• Analyze legal documentation to confirm that derivative trade terms and obligations align with negotiated terms and ISDA standards.
• Ensure accurate trade confirmations and affirmations with dealers, ensuring both legal and economic agreement of executed trades.
• Interpret and apply ISDA documentation structure and definitions, ensuring compliance with legal and economic standards.
• Partner with the front office to ensure decisions align with business risk, contributing proactive research, data, and insights to drive informed decision-making.
• Ensure timely and accurate trade verifications to maintain operational integrity.

Mandatory Requirements:

• Proven experience in Derivatives Operations or a related field.
• Advanced knowledge of over-the-counter and cleared derivatives.
• Strong understanding of regulatory requirements and the ability to apply them effectively.
• Familiarity with various investment products, particularly complex derivatives.
• Strong multitasking abilities with a proven ability to manage multiple projects and priorities.

Desirable Skills and Attributes:

• Strong analytical and problem-solving abilities.
• Exceptional communication skills with a focus on clarity and collaboration.
• A proactive mindset with expertise in project management and process improvement.