Middle Office Manager

Description:

IFG – International Financial Group is seeking a highly experienced Middle Office Manager to join a large financial institution on a 12-month contract. This interim leadership role is critical to maintaining operational excellence while senior management focuses on a major reporting modernization initiative.

The successful candidate will oversee key middle office functions, including collateral operations, trade processing, reconciliations, and exception management. This role requires a seasoned leader who can ensure control, compliance, and operational stability in a high-paced, high-volume environment.

Key Responsibilities:

• Provide day-to-day leadership and oversight for a team of 10+ middle office professionals.

• Manage core functions such as collateral operations, trade processing, daily reconciliations, and control management.

• Act as the primary escalation point for operational issues, ensuring timely resolution in collaboration with stakeholders (Front Office, Risk, Finance, Compliance).

• Monitor KPIs, coach team members, and ensure targets are met during a critical transformation period.

• Partner with cross-functional teams to implement process efficiencies, improve reporting accuracy, and adopt best practices.

• Maintain strong risk and control awareness in line with internal policies and regulatory standards.

• Act as the operational bridge between Middle Office and Collateral Management during remediation initiatives.

Required Qualifications:

• 8+ years of progressive experience in Middle Office or related areas.

• Proven people management experience, ideally leading teams of 7 or more.

• Strong expertise in OTC derivatives, including trade lifecycle management and collateral processes.

• Excellent communication and escalation handling skills with senior stakeholders.

• Bachelor’s degree in Finance, Accounting, or related discipline (CFA, CPA, FRM preferred).

• Hands-on experience in large financial institutions or capital markets environments is highly desirable.

What’s in it for You:

• Competitive hourly compensation: CA$48 – CA$58 per hour (CA$8,320 – CA$10,053/month).

• Opportunity to lead during a high-impact transformation project.

• Hybrid work environment (Toronto/GTA).

• Immediate start with a 12-month contract and potential for extension.