About the role#
The Derivative Operations team manages middle office functions for investment products, including trade capture, validation, and settlement. As a student in this role, you will support the book of record for derivative transactions and engage in the full life cycle of OTC, cleared swaps, and exchange-traded derivatives.
What you'll do#
- Maintain the book of record for derivative investment transactions to ensure accurate settlement, cash forecasting, and reporting.
- Confirm and settle transactions while resolving discrepancies with traders and brokers.
- Perform daily verifications between the book of record and trading systems.
- Manage portfolio and market opening requests and ongoing maintenance requirements.
- Ensure trade activity complies with regulatory requirements and ISDA/CSA agreements.
- Execute control checks between internal records and counterparty data regarding holdings and valuations.
- Coordinate margin movements and prepare management reports on cash flows, transaction costs, and compliance.
- Identify and implement process improvements or automation, including developing supporting documentation.
- Maintain knowledge of internal policies and update desk procedures.
- Assist with audit requests and build relationships with internal teams, custodians, and auditors.
What you'll need#
- Current enrollment in an undergraduate Business Administration or Commerce program.
- Demonstrated interest in derivative operations and investment accounting.
- Experience with investment operations, including knowledge of hedge funds and derivative instruments.
- Proficiency in Excel and Word, with experience in investment accounting systems.
- Exposure to Bloomberg or Charles River Development is an asset.
- Strong analytical and problem-solving skills with attention to detail.
- Ability to prioritize tasks in a deadline-driven environment.
- Effective interpersonal skills to communicate across the organization.
- Ability to work independently as a self-starter.
Location & details#
- Location: Toronto, Ontario, Canada.
- Term: Winter 2027 (4 months).
- Modality: On-site.
- Compensation: This is a paid position with an expected salary range of $44,850 to $56,550 per year, prorated for the contract term.
About OMERS
OMERS is a defined benefit pension plan based in Toronto. It manages assets for over half a million active and retired employees of Ontario municipalities, police, and fire departments. The organization operates globally with offices in cities including London, New York, and Singapore. It was founded in 1962 and employs nearly 1,700 people.
How to get in at OMERS
Applying early to OMERS gives you a distinct advantage because recruiters review applications before the volume becomes unmanageable. Intern Insider sends an instant alert the moment a role matching your target is published, so you can submit your materials among the first applicants. This helps you avoid the frustration of getting lost in a massive pile of resumes later in the cycle. You can also improve your response rates by reaching out to the recruiters behind the company roles directly. Intern Insider surfaces these specific contacts for you, allowing you to ask informed questions about the position or request a referral. This direct approach often yields better results than relying solely on a standard application queue.
