Analyst II, Capital Markets

We are hiring an Analyst II, Capital Markets! Reporting To: Director, Capital Markets Full-Time/Part- Time: Full-time Posting Date: June 12, 2026 Closing Date: June 26, 2026 Hours of Work: 8:30 a.m. – 5:00 p.m. Salary Range: $75,000 - $100,000 (flexible based on qualifications) Grade 12.1 (flexible based on qualifications) Office Location:      Toronto, ON Great location! Steps away from the main public transit station What we offer: Highly competitive compensation package which includes, base salary, bonus, benefits, and career advancement opportunities! *Eligibility for benefits is dependent on the terms of employment   The Opportunity     The Capital Markets department manages interest rate risk and funding for one of Canada's largest mortgage finance companies. The team is responsible for fixed income trading; securitization; whole loan sales; aggregation; and investor relations. This is a critical function that provides support for the mortgage business, and there is a high degree of interaction across functional areas both within the firm and at our trusted partners and counterparties. This is an opportunity to join a high performing multi-disciplinary, collaborative team, and the successful candidate will be directly responsible for a broad range of duties, ensuring flawless day-to-day execution, and for developing strong internal and external relationships.                                                                                                                                                                                                                 How you will contribute:     Duties primarily consist of tasks related to hedging of multi-family residential loans and supporting the CMHC aggregation business, including but not limited to:   Multi-family hedging (70%): Execution of interest rate hedging transactions (e.g. bonds, repos, forwards) Trade Booking Settlement Loan sale execution models Responding to ad hoc requests for market data and/or commentary Internal request fulfillment and general database management   CMHC Aggregation (20%): Support single- and multi-family lender onboarding, including legal agreements, hedging strategies, and balancing volume with return targets Monitor commitment pipeline activity to ensure optimal hedge positioning, appropriate rate locking, and effective mortgage rate setting Participate in securitization pooling and execution of MBS sales, managing documentation requirements and meeting tight deadlines Coordinate and set market rate coupons, execute rate locks, and ensure all funding conditions are satisfied with timely settlements Leverage experience in commercial underwriting or financial analysis to assess credit risk, evaluate various deal structures   Mortgage Valuations (10%): Supporting the Finance/Accounting teams with mortgage valuation   The experience you need:   Understanding of fixed income trading (bonds, repo, forwards, NHA MBS, CMB) Understanding of the mortgage industry, especially mortgage finance companies Understanding of mortgage securitization Very thorough and strong attention to detail Ability to self-motivate, prioritize and to meet all deadlines Strong team player Strong verbal and written communication skills Strong problem solving skills Builds trusting relationships with all stakeholders Experience with treasury functions or mortgages a plus   Education/Certification/Experience Requirements:   2-5 years of experience in a trading, treasury or capital markets role  Completed University degree in finance, economics, business, math, computer science, engineering or related field Completed or working toward professional designation (CFA) Strong knowledge of PC applications, particularly Excel Spreadsheets required Knowledge of Bloomberg, SQL, Access, and PowerBI   Working Environment and Physical Demands Analysis:   Office environment Periods of high volume with tight timelines Long periods of stationary position/sitting Prolonged periods of repetitive movement (i.e. using a keyboard and mouse) Long periods of time in viewing a computer screen Multi-tasking may include speaking to customers on a telephone call while looking up information on a computer program.   Why join First National?   Competitive Compensation  Comprehensive benefits program (i.e., Health Spending Account, Maternity and Parental Leave Top Up) Extensive training programs to set our employees up for success Modern office environment conducive to collaboration Supportive teamwork culture Opportunities to give back to the communities and work through events focused on a variety of charities Ongoing social events throughout the year   The team you’ll join: Founded in 1988, First National is one of Canada’s largest non-bank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canada’s largest commercial mortgage lender. First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.     We would like to thank all applications for their interest in this existing vacancy, but only candidates selected for an interview will be contacted.   Artificial Intelligence is not used in our recruitment or hiring process for this role.     First National is proud to be an equal opportunity employer and is committed to diversity and inclusion regardless of race, color, religion, national origin, age, gender identity, physical or mental disability, sexual orientation and any other category protected by law.   First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at accessibility@firstnational.ca should you need an accommodation at any point in the recruitment process.   #FNLOON