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Senior Analyst Commodity and Interest Rate Derivatives

Apply now Job ID 7276102768 Date posted 04/28/2021

Primary Locations: Montreal, Quebec

Employee Status: Regular

Schedule: Full-time


  • Are you known for your analytical mind and rigor? 
  • Want to work in a dynamic team? 
  • Do you like to improve processes? 

If the answer is yes to above, the position of Senior Analyst-Commodity & Interest Rate Derivatives is for you! 

National Bank provides you with a work environment that allows you to excel within Operations while creating strong working relationships with the Bank's sectors. Growing with us means evolving in a context of respect and transparency and having the opportunity to learn and grow within a team that values customer satisfaction, performance, collaboration, and innovation.  


The senior analyst-Commodity and IRD must mainly support the front office in day-to-day activities, initiate process improvement and be involved in their implementation. Selected candidate will be in charge of several projects and will have to provide operational support to other stakeholders, external and internal such as client transactions with the bank, the new product team, Market Risk Desk, accounting, reconciliation teams and legal confirmations. 


Being a senior commodity and IRD analyst means acting as a point of contact with internal and external clients, and ensuring an appropriate, fast, and efficient service. 


This position will be reporting to Manager, Commodity and IRD. 


Responsibilities: 


· Have a solid working knowledge of IRD and Commodity products 

· Conduct quality controls and tests to ensure that developed or modified systems are adequate. 

· To perform and validate the entry of over-the-counter derivatives transactions in the Murex system and to ensure that the financial parameters of each transaction are fair and consistent with the Front Office's strategy/guidelines (PnL, market value, payments, position). 

· Confirm and validate payments daily and follow up with the various departments involved when differences are detected in our accounts. 

· Perform complex calculations on Interest rate derivatives or commodity transactions 

· Enter rates, dividends and market values for certain financial instruments and control market transactions such as assignment, exercise, cash settlement and expiry. 

· Conduct monitoring activities on the integrity of information processed according to current standards and policies (acceptance, investigation, validation with the Front Office and the legal confirmation group, restrictions, and trading limits). 


  • Bachelor's degree related to the industry and four years of relevant experience OR Master's degree related to the industry and two years of relevant experience OR University certificate / PUB undergraduate and six years of relevant experience
  • Experience in the field of operations in a financial institution
  • Knowledge of Microsoft Office, Murex, Swift, ISM, Bloomberg, Accurate an asset system
  • Good knowledge of derivatives in general and cash products from institutional markets
  • Ability to work under pressure, strong communication skills and provides attention to detail
  • Bilingualism (spoken/written) French and English

Interested in the position? Apply Now! 

The Bank has innovated by modernizing its performance evaluation system to better meet our clients’ evolving needs. From now on, the corporate values (expected behaviours) of partnership, agility and empowerment count as much as the business objectives. 

Working at National Bank means having access to competitive working conditions, a wide range of employee benefits, a dynamic work environment and telemedicine services. 

 National Bank values all aspects of diversity and sees it as a tremendous source of wealth. We want to offer an open, respectful work environment where all employees can achieve their full potential. Senior management has made a concrete commitment to promote this value across all sectors of the organization.  We're committed to providing accommodations as needed and ensuring accessibility during the recruitment process and after hiring.  If you have any specific needs, please let us know during our initial conversation and we'll be happy to accommodate you. 

JobField: Operations

Unposting Date: 2021-05-11

Job Number: ANA000RK

Posting Date: 2021-04-27

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