Analyst, Funding and Collateral Operations

Role Overview

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 counter parties 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.

• 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.
• Perform control checks between OMERS and counter party 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.
• 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.
• 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.
• Coordinate external party on-boarding requirements and oversee all the ongoing counter party maintenance requirements for the products invested in including monitoring counter party ratings, interest and overdraft rates.
• 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.
• Prepare management reports on a variety of subject matters including trade limit monitoring, compliance reporting, cash forecasting, asset exposures and trade settlements; highlighting and explaining any outliers and providing commentary as needed.
• 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.
• 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.
• 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, counter parties, prime brokers, custodian and auditors as appropriate.
• Participate in special projects as required.

• University degree in finance or other applicable discipline.
• Completed or working towards a professional designation including CFA and CPA.
• Minimum 5 years of experience in investment operations with comprehensive operational knowledge of public market instruments, cash and collateral…