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Senior Analyst, Asset Finance Support

National Bank of Canada
Montreal, CAN
Full Time
Senior
2 weeks ago
OTC DerivativesMortgage Backed SecuritiesSecuritizationMurexSwiftBloomberg
Free

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OTC DerivativesMortgage Backed SecuritiesSecuritization
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Overview

  • A career as a Senior Analyst in the Asset Finance Support team at National Bank Capital Markets, means you’ll be an OTC operations specialist. With your knowledge of the OTC products (mortgage backed securities, securitization, asset acquisition and financing), your will to contribute to the transfo

Front Office Support

  • Assist traders with the entry and validation of OTC transactions (mortgage backed securities, securitizations, etc.).
  • Ensure accurate representation of the various financial transactions executed by our traders across different systems.
  • Act as a key point of contact for traders to support time sensitive requests and ensure timely execution of transactions
  • Perform funding activities, including coordination of cash movements, ensuring timely and accurate funding of trades, and resolving any discrepancies impacting settlement.
  • Perform reconciliation of payments, ensuring alignment between systems, and proactively investigate and resolve discrepancies impacting settlement and funding flows.
  • Perform the pooling process, including validation of loan data, creation of pools, and reconciliation of loan balances to ensure accuracy and completeness prior to issuance and settlement.
  • Perform reinvestment of MBS cash flows, ensuring accurate allocation of principal and interest proceeds in line with trading strategies and settlement timelines

Control and Validation

  • Verify deal consistency (pricing, counterparty, dates, terms and conditions).
  • Ensure compliance with internal policies and regulatory requirements.
  • Perform validation of pooling activities, ensuring accuracy of loan data, pool balances, and settlement readiness
  • Conduct payment and cash reconciliations, ensuring alignment between Murex records, Swift messages, and cash received
  • Validate funding activities, ensuring trades are properly funded and aligned with settlement timelines
  • Perform reconciliation of Murex trades against downstream systems, identifying and resolving discrepancies
  • Ensure completeness and accuracy of trade booking and lifecycle events across all systems
  • Investigate and resolve breaks and exceptions, escalating issues where required
  • Perform daily controls on positions, cash balances, and transaction activity
  • Validate data integrity across systems, including trade attributes, settlement instructions, and counterparty details

Trade Flow Management

  • Coordinate with Middle Office, Back Office, and Risk Management teams.

Issue Resolution

  • Identify and correct system or data anomalies.
  • Communicate with IT teams to resolve technical issues.

Reporting and Documentation

  • Maintain clear and up to date procedural documentation.

Your team

  • As part of the Capital Markets Operations sector, you’ll be part of a team of 140 colleagues. Our team stands out for expertise in OTC products, by our active and passionate employees and by our contribution to the profitability of the financial markets.

Prerequisites

  • Completed bachelor's degree related to the industry, or any relevant experience OR any other combination of education and experience considered equivalent
  • Experience in Financial Markets Operations
  • Knowledge of different systems (Murex, Swift, ISM, Bloomberg or Reuters)
  • Good knowledge of Microsoft and Excel software (VBA, Macros, pivot tables, dynamic tables, etc.)
  • Good knowledge of derivative products in general, mortgage backed securities and asset lending
  • Experience in resolving issues on complex financial transactions
  • Must have the capacity to work under pressure, versatility, resourcefulness, proactive and curious
  • Flexibility to work overtime based on business needs and market activity

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