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The Funding and Collateral Operations team is responsible for supporting the investment groups in transacting in multiple products and operating across various global markets and jurisdictions. The team operates and manages investment middle office functions critical to the life cycle events of various investment products resident in the portfolio.
The Analyst plays a key role in operating and managing middle office workflows as it relates to OTC and prime broker collateral, fundings and distributions between multiple OMERS entities and external parties, cash forecasting and administration, financing administration and on-boarding and managing various counterparties associated with investment transactions. The products operated in this role include cash, collateral, commercial paper, short term securities and term deposits, repos, fixed income with additional exposure to equities, private investments, derivatives and foreign exchange.
RESPONSIBILITIES
The Analyst will undertake a combination of the below activities as required:
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Responsible for the book of record for cash, collateral and financing transactions to ensure settlement, income entitlements and forecasting, valuation, asset exposure reporting, reconciliations and the sub ledger are complete and accurate.
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Perform control checks between OMERS and counterparty records for the OTC derivatives and prime brokerage programs for collateral management purposes. Manage applicable collateral transaction activity to ensure timely and accurate settlement, and adherence to internal policies and regulatory requirements including OTC margin clearing requirements.
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Coordinate funding requests and distributions between various OMERS entities, external parties and custodians, and fulfill cash forecasting reporting requirements with the investment liquidity team. Responsible for accurate and timely confirmation and settlement of cash transactions by identifying and resolving trade details with internal and external parties.
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Responsible for accurate and timely forecasts of cash activity and balances on a daily basis to the investment liquidity team, management and OMERS entities, and monitoring and confirming cash settlements for all products. Provide value added client servicing on a consistent basis to internal and external clients.
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Coordinate external party on-boarding requirements and oversee all the ongoing counterparty maintenance requirements for the products invested in including monitoring counterparty ratings, interest and overdraft rates.
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Service and maintain bank accounts across OMERS entities, including opening and closing accounts. Ensure banking documentation is kept current and complete KYC requests as directed.
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Prepare management reports on a variety of subject matters including trade limit monitoring, compliance reporting, cash forecasting, asset exposures and trade settlements. Highlight and explain any outliers and provide commentary as needed.
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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.
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Identify, recommend and assist in implementing processes/controls/productivity improvements including automation of current processes. Responsible for developing documentation to support changes proposed.
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Maintain up to date knowledge of OMERS policies regarding sub delegation of investment authority, signing authorities, valuations and third-party agreements (GMRAs, Prime Broker Agreements, ISDA/CSA, Private Investment Agreements) and apply to daily activities to ensure compliance.
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Enhance and update existing desk documentation of policy and procedures as it relates to areas of responsibility. Assist in developing new documentation as required.
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Maintain strong understanding of investment products and customer needs in order to respond quickly and accurately to questions and problems that arise.
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Provide inputs and information associated for audits and ensure completeness and accuracy.
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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.
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Participate in special projects as required.
QUALIFICATIONS
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University degree in finance or other applicable discipline. Completed or working towards a professional designation including CFA and CPA.
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Minimum 5 years of experience in investment operations with comprehensive operational knowledge of public market instruments, cash and collateral management. Exposure to private markets will be an asset.
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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.
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Ability to prioritize multiple responsibilities to meet deadlines. Needs to be flexible.
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Detail oriented and demonstrated aptitude for quantitative and qualitative analysis and problem solving.
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Exposure to investment accounting, reporting and audit control practices.
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Proficient in Excel and Word. Investment accounting systems experience is required. Exposure to Calypso, TriMargin, Charles River Development (CRD) and Bloomberg would be an asset.
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Self-starter able to work independently with minimal supervision. Keen to learn and continuously improve processes and reports.
As one of Canada’s largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work — and the members we proudly serve.
From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.
