Analyst – Derivatives Administration and Settlement
PSP Investments
Analyst – Derivatives Administration and Settlement
PSP Investments
Long-term institutional asset manager for pensions
We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026.
We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.
Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.
The Derivatives Administration and Settlement team is responsible for the administrative and operational processing of listed and over-the-counter (OTC) derivative instruments, as well as foreign exchange transactions. The team serves as a key control function between portfolio managers, counterparties, clearing brokers, custodians and investment systems to ensure transaction accuracy, integrity and timely settlement.
Reporting to the Senior Manager, Derivatives Administration and Settlement, you will contribute to the effective execution of daily activities and the management of operational risks associated with derivative transactions. You will collaborate with a variety of internal teams and external partners to ensure efficient, accurate and compliant transaction processing.
As an Analyst, Derivatives Administration and Settlement, you’ll:
Confirm listed and OTC derivative transactions with counterparties and clearing brokers and monitor them through final settlement
Monitor and settle OTC derivative transactions while ensuring compliance with operational deadlines and requirements
Ensure funds are available and transmit transfer instructions related to margin calls
Monitor and settle derivative-related market events, including assignments, exercises, expiries, early terminations and other contractual events
Perform daily reconciliations of margin balances, transactions and positions with counterparties and clearing brokers, and investigate and resolve discrepancies
Enter or validate transactions in order management and investment accounting systems and ensure the accuracy of associated financial parameters
Monitor interfaces and dashboards between order management systems, investment accounting systems and data warehouses to ensure complete and timely transaction processing
Submit settlement instructions related to OTC payments to the custodian and maintain counterparty settlement instructions and contact records
Conduct research, analysis and follow-up activities related to the team’s responsibilities and provide required information to portfolio managers and stakeholders
Participate in continuous improvement initiatives, operational process enhancements and departmental procedure updates
Contribute to special projects and provide support during peak periods to ensure continuity of operations
Bachelor’s degree in Finance, Business Administration, Accounting or a related field
Minimum of two (2) years of experience in derivatives administration, investment operations or an equivalent combination of education and relevant experience
Strong understanding of settlement, reconciliation and operational control processes related to financial instruments
Knowledge of listed and over-the-counter (OTC) derivatives
Good understanding of the securities industry, financial markets and financial instruments
Advanced proficiency in Microsoft Excel and the Microsoft Office suite
Strong analytical, problem-solving and process improvement skills
High attention to detail and the ability to produce high-quality work in a deadline-driven environment.
Specialized training or coursework in derivatives is considered an asset
Experience with SimCorp Dimension or a similar investment accounting platform is considered an asset
Bilingualism: English and French (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)
We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:
*Benefits package may vary based on your employee type.
At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
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Long-term institutional asset manager for pensions
PSP Investments is the government-backed investment arm that manages Canada’s public sector pension funds, including the federal public service, the armed forces, and related police services. It invests contributions to earn sustainable returns over the long term, balancing growth with the need to avoid undue risk. The company runs a diversified portfolio across public and private markets—private equity, private credit, infrastructure, real estate, natural resources, and equities and fixed income—through direct investments and co-investments, while applying ESG factors to decision-making. Its goal is to ensure the long-term funding of Canada’s public sector pension plans by generating returns that meet current and future obligations for beneficiaries.
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