Requisition ID: 207381
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose:
The incumbent is part of the Confirmations & Settlements Operations (CSO) team, which is responsible for servicing the Bank's Capital markets. The team services the Bank's clients in Canada, the US, the UK, SIDAC, APAC and Latin America. The incumbent will be responsible for Brokerage Invoice processing related functions within Sustainment & Control team of CSO by working with our team members and stakeholder groups.
The incumbent will be:
• Accountable for reconciliation, trader approvals and payments for all the brokerage invoices received by CSO covering Derivatives, Futures, FX, Money Market, Cash Equity, Energy and Precious Metals.
• Accountable to streamline and enhance brokerage invoice processing within CSO teams.
• Accountable to ensure payments are made on time to various brokerages.
• Accountable to ensure metrics are published in a centralized way around brokerage invoice processing.
• Assist with audit requests.
• Escalate as required.
Is this role right for you? In this role, you will:
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Reconcile payments and accounting entries for Brokerage Invoices covering Derivatives, Futures, FX, Money Market, Cash Equity, Energy and Precious Metals.
• Responsible for managing and addressing day-to-day discrepancies in a timely manner.
• Identifying and Implementing changes to operating procedures to increase efficiency and minimize inherent risk to the bank.
• Streamline and enhance brokerage invoice processing within CSO teams.
• Solving problems of an unusual nature including identifying the cause and what is required to prevent recurrence.
• Ability to analyze cross departmental processes which may have created the exception and understand action required to resolve.
• Drive a culture of ongoing process improvements through team collaboration, innovation, and transformation.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.
Do you have the skills that will enable you to succeed in this role? – We'd love to work with you if you have:
• Strong knowledge and understanding of capital markets products and operations.
• Experience in capital markets.
• Excellent communication skills, with strong negotiation and strategic influencing skills.
• Expert knowledge of Bank's products, policies, and services.
• Good understanding and awareness of strategic and tactical business planning and executional issues/processes.
• Experienced in how reconciliations work and driven operational efficiency.
• Able to deliver results on time.
• Adaptability to operate in a rapidly changing environment regarding policies, procedures, automation, and client needs.
• Very good analytical & problem-solving skills and sound judgment needed to critically examine reconciliations, their operations & processes including in depth knowledge of the settlement department processes and inputs from up and downstream systems.
• Undergraduate degree in Business
Work Arrangement:
• Standard office-based environment or hybrid of in-office and remote
• Non-standard hours are a common occurrence.
• The securities industry is a complex business and operates within a quasi-structured but rapidly changing environment with very tight deadlines where errors can result in substantial losses.
Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
