Test Lead - U.S. Treasury Cash and Repo Clearing

Contract Details

• Position Type: Contract
• Contract Duration: 1 year (extension possible — at least 6 months, up to another year; conversion to permanent possible)
• Start: June 5, 2026
• Pay Rate: C$95.00–C$115.00 / Hour (CAD)
• Shift / Schedule: Monday to Friday — core business hours
• Travel Requirements: Not required

Location: Toronto, ON

Onsite Flexibility: Hybrid — 2 days per week (Monday and Thursday; subject to change up to 3 days per week)

Job Summary

This is a Test Lead role supporting the U.S. Treasury Cash and Repo Clearing program. The position is embedded within a team of 10 people and is responsible for owning end-to-end test strategy across a large-scale capital markets and regulatory change initiative.

Key Responsibilities

• Own end-to-end test strategy, including UAT and E2E scope, planning, execution, and defect governance across the program.
• Lead and coordinate testing across cross-functional internal teams (Front Office, Operations, Risk, Finance, Technology) and external counterparties (e.g., FICC, BNY, Client).
• Manage testing pre-requisites and dependencies, including:
  • Test data and reference data setup
  • File and message readiness
  • Environment and resource alignment
• Review, challenge, and refine business-defined test scenarios to ensure adequate coverage of regulatory, operational, and risk requirements.
• Run daily testing calls, track progress, unblock issues, and actively troubleshoot defects with internal and external stakeholders.
• Maintain complete testing artifacts, ensuring traceability from regulatory requirements - test cases - execution - evidence, supporting audit and regulatory exam readiness.
• Provide clear, concise test status reporting to senior stakeholders, including risks, key defects, and go/no-go recommendations for release decisions.

Required Skills

• 5 years of experience leading testing efforts on large-scale capital markets and/or regulatory change initiatives, including UAT and end-to-end testing.
• Demonstrated ability to take ownership of testing outcomes, proactively identifying gaps, risks, and dependencies.
• Strong learning agility with the willingness and ability to ramp up quickly on regulations, trade flows, and technology infrastructure.
• Proven capability to perform under pressure, navigate ambiguity, and drive progress in fast-moving, multi-stakeholder environments.
• Understanding of end-to-end dealer operating models, including trade booking, margin, settlements, risk management, and finance/accounting functions.

Preferred Skills

• Capital markets experience
• U.S. Treasury Repo experience

Required Experience

• 10 years of relevant overall experience
• 5 years leading testing efforts on large-scale capital markets and/or regulatory change initiatives

Education Requirements

• Undergraduate degree required

Important Notes

• Interview process: 1 to 2 rounds of interviews