Analyst, Investment Operations - Toronto, Canada - OMERS

OMERS

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

SCOPE OF POSITION

The Investment Operations team is responsible for supporting the investment groups in transacting in global markets and jurisdictions and managing the middle office functions critical to the life cycle events of various investment products resident in the portfolio.

The Analyst plays a key role in middle office workflows including analyzing derivative product requirements across various markets, on-boarding and managing counterparties, vendors and new products as well as life cycle events as it relates to alternative investments.

Product life cycle events include contract settlements, income entitlement, credit events, valuation practices and fee and margin calculation requirements.

Product types include exchange traded derivatives, OTC derivatives, and foreign exchange contracts, with additional exposure to external manager programs, funds and private loans.

RESPONSIBILITIES
The Analyst will be assigned a combination of the below activities as required:
Responsible for the book of record for alternative investment transactions to ensure trade settlement, cash entitlements and forecasting, asset exposure reporting, performance measurement, reconciliations and general ledger purposes are complete and accurate

Accountable for accurate and timely confirmation and settlement of derivatives investment transactions by identifying and resolving discrepancies with the traders and brokers.

Co-ordinate variation and initial margin movements and ensure timely and accurate settlement
Review daily verifications between book of record and trading system for positions and transactions.

Perform a variety of control checks between OMERS and counterparty records as it relates to holdings, transactions and valuations for ETD, OTC and CCP derivatives.

Analyze and resolve all issues on a timely basis
Complete all portfolio and market opening requests including external party on-boarding requirements. Oversee all the ongoing market maintenance requirements for the products invested in
Manage applicable trade activity to ensure adherence to regulatory requirements such as those stipulated by the ISDA/CSA agreements
Responsible for daily, monthly and annual cycles including internal trading, reporting and accounting requirements, as well as industry market timelines associated with products and jurisdictions
Identify, recommend and assist in implementing processes/controls/productivity improvements including automation of current processes. Responsible for developing documentation to support changes proposed
Enhance and update existing desk documentation of policy and procedures as it relates to areas of responsibility. Assist in developing new documentation as required
Maintain strong understanding of investment products and customer needs in order to respond quickly and accurately to questions and problems that arise
Provide inputs and information associated for audits and ensure completeness and accuracy
Foster effective working relationships inclusive of the other teams within IO&A, the investment division, OMERS investment entities, counterparties, prime brokers, custodian and auditors as appropriate
Participate in special projects as required

QUALIFICATIONS
University degree in finance or other applicable discipline. Working towards a professional designation including CFA, CGA and CMA. Relevant industry courses will be an asset
Minimum 5 years of experience in investment operations with comprehensive operational knowledge of derivatives instruments and hedge funds
Excellent interpersonal and communication skills are essential to deal with all levels within the organization and external contacts. Ability to build strong relationships with both internal and external stakeholders
Ability to prioritize multiple responsibilities to meet deadlines. Needs to be flexible
Detail oriented and demonstrated aptitude for quantitative and qualitative analysis and problem solving
Exposure to investment accounting, reporting and audit control practices
Proficient in Excel and Word. Investment accounting systems experience is required. Exposure to Calypso, Charles River Development (CRD) and Bloomberg would be an asset
Self-starter able to work independently with mínimal supervision. Keen to learn and continuously improve processes and reports

Our story:

Founded in 1962, OMERS is one of Canada's largest defined benefit pension plans, with $121 billion in net assets as at December 31, 2021.

OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members.

OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children's aid societies across Ontario.

Contributions to the Plan are funded equally by members and employers. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg,