Business Analyst - Fixed Income Middle Office

Position Overview

We are seeking a Business Analyst specialized in Fixed Income Middle Office to join the Compression and Derivative Support team (CMPIRD) at a leading financial institution based in Toronto, ON. The role operates on a hybrid schedule requiring 3 days on-site presence and involves supporting post-trade processes related to Interest Rate Derivatives, including portfolio compression, brokerage and fee processing, and lifecycle events impacting funding, risk, or profit and loss.

Contract Details

• Contract length: 8 months
• Work days: Monday to Friday during core business hours, with occasional overtime
• Hourly pay range: CAD $55 to $62
• No travel involved
• Approximately 3 hours per week spent in meetings

Key Responsibilities

• Manage daily CMPIRD functions aligned with Toronto business hours
• Support global portfolio compression processes and reporting
• Oversee reconciliation, validation, and payment processing of Interest Rate Derivative brokerages and fees
• Analyze and resolve discrepancies and cash breaks at trade level
• Conduct bulk lifecycle actions and manage corporate action postings
• Address inquiries related to risk, P&L, and funding variances
• Collaborate with global Fixed Income Middle Office teams to maintain post-trade lifecycle accuracy
• Update processes while ensuring compliance with control and audit standards
• Contribute to continual process improvement and implementation of changes

Qualifications and Skills

• Minimum 5 years of experience as a Business Analyst
• At least 5 years working in Capital Markets with a focus on Fixed Income and Interest Rate Derivatives
• Middle Office operations experience is essential
• Strong communication abilities
• Preferred knowledge includes Excel VBA, portfolio compression techniques, and use of AI assistants

Work Environment

• Hybrid work model requiring on-site presence 3 days weekly
• Team-oriented with mainly internal collaboration
• Access to sensitive customer data under strict guidelines
• Initial training duration around 1 month
• No job rotation required

About the Client

The client is among North America's largest financial institutions, ranking sixth by branch network size and serving approximately 22 million customers across Canada, the US, Europe, and Asia-Pacific. With over 85,000 employees worldwide, the institution delivers a wide range of financial services across various sectors including personal, commercial banking, and wealth management.

About the Staffing Partner

GTT is a minority-owned staffing company and a subsidiary of Chenega Corporation, which is Native American-owned. GTT prides itself on fostering diverse and inclusive workplaces while serving leading companies in the banking, financial services, technology, life sciences, biotech, utilities, and retail industries across North America.