Money Market Settlements & Confirmations Analyst
Contract Duration: 12 months, with potential extension to 18 months
Location: Downtown Toronto, Ontario
Work Arrangement: Hybrid - currently 2 days onsite and 3 days remote per week, with the possibility of increasing to 4 onsite days in the future
Hourly Rate: $20-29/h (INC)
Schedule: Rotating weekly shifts, Monday to Friday:
- Early shift: 9:00 a.m. - 5:30 p.m. EST
- Late shift: 10:30 a.m. - 7:00 p.m. EST
Occasional work on Canadian statutory holidays is required, with holiday coverage shared on a rotating basis.
Position Overview: We are seeking a detail-oriented, customer-focused Money Market Settlements & Confirmations Officer to join a financial services operations team. This individual will be responsible for the accurate and timely processing, confirmation, settlement, and reconciliation of money market transactions, including term deposits and term loans. The successful candidate will work in a fast-paced, high-volume environment, managing transaction exceptions, resolving discrepancies, and coordinating with internal teams and external counterparties to ensure all settlements are completed accurately and within established deadlines.
Key Responsibilities
- Process and monitor money market transactions, ensuring accurate trade processing, confirmation, and timely settlement.
- Verify and confirm transaction details with counterparties to ensure accuracy and compliance with established procedures.
- Manage settlement and clearing activities, ensuring transactions are completed within applicable currency-specific deadlines.
- Investigate and resolve transaction discrepancies, settlement breaks, rejected trades, and other exceptions.
- Liaise with front-office teams, reconciliation teams, cash management, clients, and external counterparties to resolve outstanding issues.
- Monitor reports, review transaction records, and follow up on pending items to prevent settlement delays and failed transactions.
- Respond to client, trader, and internal stakeholder inquiries via email, providing timely updates and effective issue resolution.
- Maintain accurate confirmation, settlement, and reconciliation records for audit and reporting purposes.
- Ensure compliance with regulatory requirements, internal controls, and established operational procedures.
- Identify opportunities to improve processes, operational efficiency, and accuracy.
Work Environment and Transaction Volumes
- Supports approximately 1,500 transactions daily across multiple international markets, including North America and Europe.
- Works with different currency-specific settlement deadlines and time-sensitive processing requirements.
- Requires strong prioritization, multitasking, and attention to detail in a deadline-driven environment.
- Works independently while collaborating with a team to ensure daily processing targets and settlement deadlines are met.
- Required equipment will be provided.
Required Qualifications and Experience
- Approximately 2–3 years of experience in banking back-office operations, settlements, clearing, or a similar financial services operations role. Candidates with at least 1–2 years of relevant experience may also be considered.
- Bachelor's degree in Finance or a related field of study.
- Experience with transaction processing, trade settlements, reconciliation, exception management, or discrepancy resolution.
- Strong attention to detail and the ability to manage multiple priorities under pressure.
- Excellent written and verbal communication skills.
- Strong customer service and stakeholder management skills.
- Ability to work independently and collaborate effectively with internal and external teams.
- Fluency in English.
Preferred Qualifications
- Experience in Canadian banking or financial services, particularly within settlements or operations.
- Exposure to money market products, term deposits, term loans, treasury operations, or capital markets.
- Experience handling trade confirmations, settlement monitoring, cash reconciliations, or failed transactions.
- Proficiency in Microsoft Excel.
- Experience working in a high-volume transaction processing environment.
Note: We use AI tools to: obtain basic information, detect plagiarism, false employment history or references, categorize your skills, and do an initial match with job posting.
