Requisition ID: 215462
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Investment Analyst is responsible for all assigned tasks of the investment desk within FAR Specialized Accounting group. The primary responsibilities include but is not limited to supporting the Bank's capital investments and maintaining accurate accounting records of the Bank's Tier 1 investments, executing the settlements of Canadian branches' profit settlements, as well as funding hedges of the Bank's foreign investments. This role will also be responsible for performing P&L analysis and retained earnings reconciliation for the Bank's branches.

Is this role right for you? In this role, you will:

• Lead and oversee Bank's Tier 1 investments, Canadian branches settlements, process settlements with Group Treasury and GWO on Corporate and Structural positions related to funding hedges.
• Be responsible for maintaining accurate accounting records of the Bank's investments. Prepare journal entries and analyze investment activities and accounting issues.
• Prepare the investment carrying value reports and maintain the capital injection sheets.
• Prepare settlements with GWO and Group Treasury on the inception and maturity of corporate and structural positions relating to funding hedges of the Bank's foreign investments. Control and reconcile the balances of these positions with Group Treasury and Financial Review.
• Prepare detailed Year-End P&L analysis for all Canadian branches and assist in the settlement process.
• Prepare the Bank's monthly entries, which include entries on equity swaps, and net investment hedges.
• Prepare Bank's monthly Canadian and Foreign Branch Retained Earning reconciliation.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Undergraduate degree in Business, Economics, and/or an Accounting major.
• Strong Excel skills, including experience with the development of macros, is desirable.
• Familiarity with Peoplesoft EGL and OBI, including the Smartview add-in is an asset.
• Exceptional analytical and critical thinking skills.
• Must be organized, accurate and be able to meet tight deadlines.
• A committed and detail-oriented mindset, with the ability to work both independently and collaboratively within a team.

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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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.