Market Supervisor

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Reporting to the Senior Manager, Derivatives Market Operations, the Market Supervisor is responsible for ensuring the continuous operational integrity of all products listed on the Montreal Exchange’s (“Bourse”) SOLA Trading System throughout the entire trading session. The Market Supervisor proactively identifies, analyzes, and strategically resolves complex daily operational problems that could significantly impact the transparency, accessibility, liquidity, or efficiency of the market. He/she is required to accomplish all duties that facilitate optimal market access for participants and contributes to the strategic evolution of market operations. The Market Supervisor takes the lead in identifying and promptly reporting any trading infractions (real time) to the Bourse’s Regulatory Division for further investigation. The market supervisor also plays a pivotal role in day-to-day product management and contributes to product development initiatives.

This role is hybrid (2 - 3 days/week in the office) - based in Montreal, QC.

Key Accountabilities:

• Trading Operations: Oversee the operational readiness of the electronic trading system for the opening and closing of all derivative instruments listed, including the verification of expiration, creation, and addition of trading instruments managed by referential administration personnel. Identify and analyze highly unusual behavior during the session, conducting comprehensive preliminary investigations and recommending appropriate actions. Strategically verify and manage product parameters (tick rules, schedules, etc.), proposing and implementing adjustments as needed to optimize market performance.
• Regulatory: Interpret and apply Bourse trading rules and procedures, acting as a key reference point to ensure the consistent and proper conduct of daily trading across all products by market participants.
• Problem Solving: Exercise expert judgment to facilitate the validation for suitability of any manual transaction and to promptly and accurately enter those transactions into the electronic trading engine, often resolving unusual or complex scenarios.
• Client-Facing: Provide timely and accurate responses to client inquiries, whether they be by phone or email

Must Have(s):

Experience & Education

• 3 to 5+ years of experience in Derivatives Markets (trading desk, back-office, or compliance).
• Education: Bachelor’s degree in Finance, Economics, or a related field.
• Accreditation: CSI Futures and Options accreditation is a plus.
• Technical: Deep knowledge of automated trading environments (SOLA experience preferred) and Google Suite.
• Excellent communication in French and in English required (contacts and collaboration with clients and colleagues English only might be needed)

Key Competencies

• Decisiveness: Proven ability to make high-stakes decisions under pressure. Resistance to stress. Ability to act autonomously. 
• Political Acumen: Skill in navigating complex regulatory and institutional relationships.
• Analytical Rigor: Ability to translate complex trading data into clear executive reports.
• Client-Service Oriented:  Ability to assist clients with a wide variety of complex issues

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! 

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.