Analyst, Derivatives Administration and Settlement (Temporary – 12 months)
PSP Investments · Montreal, Canada · 17d ago
ABOUT US
We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026.
We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.
Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.
ABOUT THE TEAM
The Derivatives Administration and Settlement team is responsible for the administrative and operational processing of listed and over-the-counter (OTC) derivative instruments, as well as foreign exchange transactions. The team serves as a key control function between portfolio managers, counterparties, clearing brokers, custodians and investment systems to ensure transaction accuracy, integrity and timely settlement.
Reporting to the Senior Manager, Derivatives Administration and Settlement, you will contribute to the effective execution of daily activities and the management of operational risks associated with derivative transactions. You will collaborate with a variety of internal teams and external partners to ensure efficient, accurate and compliant transaction processing.
ABOUT YOUR ROLE
As an Analyst, Derivatives Administration and Settlement, you’ll:
Confirm listed and OTC derivative transactions with counterparties and clearing brokers and monitor them through final settlement
Monitor and settle OTC derivative transactions while ensuring compliance with operational deadlines and requirements
Ensure funds are available and transmit transfer instructions related to margin calls
Monitor and settle derivative-related market events, including assignments, exercises, expiries, early terminations and other contractual events
Perform daily reconciliations of margin balances, transactions and positions with counterparties and clearing brokers, and investigate and resolve discrepancies
Enter or validate transactions in order management and investment accounting systems and ensure the accuracy of associated financial parameters
Monitor interfaces and dashboards between order management systems, investment accounting systems and data warehouses to ensure complete and timely transaction processing
Submit settlement instructions related to OTC payments to the custodian and maintain counterparty settlement instructions and contact records
Conduct research, analysis and follow-up activities related to the team’s responsibilities and provide required information to portfolio managers and stakeholders
Participate in continuous improvement initiatives, operational process enhancements and departmental procedure updates
Contribute to special projects and provide support during peak periods to ensure continuity of operations
WHAT YOU’LL NEED
Bachelor’s degree in Finance, Business Administration, Accounting or a related field
Minimum of two (2) years of experience in derivatives administration, investment operations or an equivalent combination of education and relevant experience
Strong understanding of settlement, reconciliation and operational control processes related to financial instruments
Knowledge of listed and over-the-counter (OTC) derivatives
Good understanding of the securities industry, financial markets and financial instruments
Advanced proficiency in Microsoft Excel and the Microsoft Office suite
Strong analytical, problem-solving and process improvement skills
High attention to detail and the ability to produce high-quality work in a deadline-driven environment.
Specialized training or coursework in derivatives is considered an asset
Experience with SimCorp Dimension or a similar investment accounting platform is considered an asset
Bilingualism: English and French (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)
We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:
- Investment in career development
- Comprehensive group insurance plans
- Competitive pension plans
- Unlimited access to virtual healthcare services and wellness programs
- Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
- A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
- Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
- A hybrid work model that includes four in-office days, Monday through Thursday
- The opportunity to work temporarily from another location in accordance with the applicable policy
*Benefits package may vary based on your employee type.
At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
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