Senior Analyst, Capital Markets & Financial Operations

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The Senior Analyst, Capital Markets & Financial Operations is a key member of the Accounting and Finance team. Reporting to the Senior Manager, Hedge Accounting & Financial Operations, the role will be responsible for providing operational support for financial instruments, confirmations, settlements, hedge accounting and fair valuations. The role works closely with various departments including Treasury, Capital Markets, and Securitization operations, and is responsible for providing middle-office and back-office functions for securities trading including settlements, reporting and valuations. The role will also provide support to the banking operations, procurement, and accounts payable functions within the Financial operations team.

Middle Office Operations

• Manage settlements for security transactions, including swap payments and receipts. 
• Coordinate with traders in Treasury/Capital Markets, custodians, and counterparties to resolve any settlement issues. 
• Manage the trade upload process to CDS custodian portal, reconcile external and internal trade confirmations, and ensure accurate settlement uploads into the Treasury duration reporting system. 
• Review and verify daily trades by maintaining the daily trade blotter featuring all trades and bond price details, raising and flagging any unmatched transactions to enhance transparency and facilitate timely observability.
• Review and verify payment settlements for accuracy and compliance with established procedures. 
• Investigate and resolve discrepancies in payment instructions and liaise with relevant stakeholders to ensure timely resolution. 
• Track payment wires for FX forwards and interest rate swap transactions in accordance with trade agreements and market conventions. 
• Validate data input in the system against contractual terms for various derivatives, including FX forwards and interest rate swaps. 
• Conduct regular investigations to ensure data accuracy and identify and rectify any discrepancies. 
• Prepare and maintain accurate reports related to daily trades, payment settlements, wire creations, and data input validation. 
• Manage significant business growth, implementing measures to ensure transparent and observable trades while aligning with governance standards.
• Ensure appropriate controls exist over securities and derivative valuations, and hedge accounting transactions.

Let's Talk About You!

• University/Post-graduation education in Accounting, Commerce, or Business.
• 2-3 years of prior experience in a financial institution’s middle office for financial operations. 
• Ability to clearly communicate technical, analytical, quantitative or conceptual information and ideas using language that is appropriate to the target audience. 
• Basic understanding of financial instruments, especially FX forwards and interest rate swaps. 
• Familiarity with banking systems and payment processing platforms. 
• Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word). 
• Advanced Microsoft Excel skills, including developing/running macros using VBA would be an asset. 
• Understanding of regulatory frameworks related to financial transactions. 
• Ability to work extensively with formulas, data and spreadsheets. 
• Knowledge of Microsoft SQL Server Management Studio would be an asset. 
• Experience in securitization would be an asset. 
• Possess strong problem-solving and analytical skills, attention to detail, and organization skills. 
• Ability to multi-task competing priorities. 
• Ability to work in both team and individual environments. 

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy, personal days and even a moving day 

🖥 Virtual events to connect with your fellow colleagues

🎓 Annual professional development allowance and a comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!