Business Analyst - Fixed Income Middle Office
About the role
Business Analyst - Fixed Income Middle Office Location: Toronto, ON
Onsite Flexibility: Hybrid – 3 days on-site
Contract Details Position Type: Contract Contract Duration: 8 months Pay Rate: C$55.00–C$62.00 / Hour (CAD) Shift / Schedule: Monday–Friday, core business hours; overtime as needed Travel Requirements: Not required
Job Summary The Compression and Derivative Support team (CMPIRD) is part of a leading financial institution's Fixed Income Middle Office (FIMO). The team supports post-trade activity across Interest Rate Derivatives, including portfolio compressions, brokerage and fee processing, and ad hoc lifecycle events that may impact funding, risk, or P&L. CMPIRD works closely with other FIMO teams and global stakeholders to ensure accurate processing and effective controls. FIMO is a strategic growth area, offering strong development opportunities for individuals looking to build a career in Fixed Income operations.
Key Responsibilities Support daily CMPIRD activities during Toronto business hours Assist with Global CCP Portfolio Compression processes and reporting Support reconciliation, validation, and payment of Interest Rate Derivative brokerage and fees Investigate and help resolve trade-level cash breaks and discrepancies Perform ad hoc bulk lifecycle actions and support corporate action postings Respond to queries relating to Risk, P&L, and Funding differences Work closely with global FIMO teams to support post-trade lifecycle maintenance Assist with updating procedures and supporting control and audit requirements Participate in process improvement and change initiatives
Required Skills Middle office experience Fixed income experience Product experience (interest rate products, brokerage, rate cards, or similar) Strong communication skills
Preferred Skills Excel / VBA / formulas Compression experience AI assistant experience
Required Experience 5 years of Business Analysis experience 5 years of Capital Markets (Fixed Income) experience 5 years of Interest Rate Derivatives experience 5 years of Middle Office experience
Nice-to-Have Experience 1 year of Artificial Intelligence experience 1 year of Compression experience 1 year of Excel VBA experience Working in a middle office environment with interest rate products, brokerage, rate cards, or similar
Work Environment / Physical Requirements Hybrid work model – 3 days on-site per week Approximately 3 hours per week in meetings Primarily internal team interactions Contractor will have access to customer data No rotation requirement Training period of approximately 1 month
About the Client This financial services organization is one of North America's largest financial institutions and the sixth-largest bank on the continent by branches, serving approximately 22 million customers across Canada, the United States, Europe, and the Asia-Pacific region and headquartered in Toronto, Ontario. The institution operates a full-service financial platform spanning personal and commercial banking, wealth management, insurance, and payment solutions, delivered through a team of over 85,000 employees worldwide. Teams span retail banking advisors, commercial lenders, wealth management professionals, risk analysts, and technology specialists — making it an exceptional environment for professionals in fixed income operations, business analysis, and capital markets.
About GTT GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. We highly value diverse and inclusive workplaces and support Fortune 500 organizations across banking, financial services, technology, life sciences, biotech, utilities, and retail sectors throughout the U.S. and Canada.
Job Number: 26-08437 Industry: Operations & Management
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