Analyst, Derivatives

Role overview

This position sits within Brookfield Wealth Solutions at Brookfield Place, 181 Bay Street in Toronto. The role reports to the Director of Derivatives Operations and is responsible for supporting middle-office functions for derivative instruments across the business. The Analyst will work across global derivatives operations and collaborate with Finance, Legal, Compliance, Risk, Technology, front-office teams, counterparties, and external providers to keep trade activity accurate, well-controlled, and compliant.

About the business

Brookfield Wealth Solutions focuses on helping individuals and institutions secure their financial future through retirement services, wealth protection offerings, and tailored capital solutions. Through its operating subsidiaries, it provides insurance-related products and services, including annuities, personal and commercial property and casualty insurance, and life insurance.

Brookfield culture

The organization looks for people with a long-term mindset whose working style reflects the company’s leadership attributes: entrepreneurial, collaborative, and disciplined. Brookfield also emphasizes challenging assignments and exposure to a variety of businesses as part of employee development.

What you will do

• Manage the full middle-office workflow for derivatives, including trade confirmations, settlement details, exception handling, daily margin reconciliation, collateral administration, and related reporting.
• Ensure trades are entered accurately and promptly into order management and portfolio management systems.
• Work with front-office, finance, and counterparties to clear trade breaks and strengthen straight-through processing.
• Perform daily, weekly, and monthly reconciliation work across internal systems, brokers, and custodians.
• Check and validate independent valuations, sensitivities, and finance reporting inputs.
• Investigate differences in market values, cash movements, and collateral positions, then identify root causes and corrective actions.
• Handle variation margin and initial margin processes for both bilateral and cleared derivatives.
• Use collateral efficiently while staying aligned with CSA terms, regulatory obligations such as Uncleared Margin Rules, and insurer liquidity requirements.
• Track margin disputes, collateral calls, haircuts, and eligibility schedules.
• Support negotiation and upkeep of ISDA Master Agreements, CSAs, clearing documents, and other trading documentation.
• Coordinate with counterparties to resolve trade disputes and cash flow issues quickly.
• Partner with Legal, Compliance, and Risk to make sure documentation meets regulatory standards and internal risk expectations.
• Support counterparty onboarding, KYC checks, and continuing due diligence reviews.
• Maintain a strong control environment and follow SOX controls, model governance standards, investment policies, and derivatives usage policies.
• Help ensure compliance with reporting obligations tied to Dodd-Frank, EMIR, and applicable insurance rules such as NAIC, OSFI, and Solvency II.
• Create and maintain process documents, workflows, and internal service level agreements.
• Work with Technology teams to improve systems, data quality, reporting, and automation.
• Identify opportunities to streamline processes and reduce operational risk.
• Support or lead system migrations, vendor assessments, and integrations with trading platforms, clearing brokers, and custodians.

Requirements

• A bachelor’s degree in Finance, Economics, Mathematics, or a closely related discipline.
• Between 5 and 8 years of experience in derivatives middle office, trade support, or a similar investment operations role within an insurance company, asset manager, bank, or hedge fund.
• Hands-on familiarity with derivatives such as currency swaps, interest rate swaps, equity options, FX forwards, spot FX, and repurchase agreements, along with the related collateral settlement process.
• Solid understanding of ISDA and CSA documentation, lifecycle events, margining, and derivatives regulations.
• Experience using OMS and PMS platforms plus industry tools such as Bloomberg, Aladdin, Numerix, Markit, and TriOptima; advanced Excel capability is also needed.
• Strong written and verbal communication skills, including the ability to explain information clearly to internal stakeholders and external counterparties.
• Strong analytical thinking and problem-solving ability, especially in situations with multiple variables and limited standardization.
• Ability to work in a fast-moving, deadline-oriented setting while staying detail-focused and prioritizing competing tasks effectively.

Additional information

The stated salary range for this role is CAD 70,000 to CAD 100,000 per year. The opening is a backfill position. Brookfield states that it maintains a positive work environment and does not tolerate discrimination, violence, or harassment. The company also follows accessible hiring practices in line with the Accessibility for Ontarians with Disabilities Act and will provide accommodation for applicants with Human Rights Code-protected needs during the hiring process.

Work location

Brookfield Place, 181 Bay Street, Toronto, Ontario, Canada.