Analyst, Investments

Scotiabank; Toronto; On-site; CAD 60,000 - 95,000; Full time

Job summary

Join a purpose-driven team at a leading bank in the Americas, where you will play a crucial role as an Investment Analyst. This dynamic position involves overseeing the Bank's Tier 1 investments, maintaining accurate accounting records, and executing settlements for Canadian branches. You will conduct P&L analysis and retained earnings reconciliation, ensuring the financial integrity of the Bank's operations. This innovative institution values creativity and collaboration, offering a competitive rewards package, including performance bonuses and health benefits from day one. If you are detail-oriented and thrive in a fast-paced environment, this opportunity is perfect for you!

Benefits

Performance Bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career Development Opportunities

Qualifications

• Undergraduate degree in Business, Economics, or Accounting required.
• Strong Excel skills and analytical abilities are essential.

Responsibilities

• Lead and oversee the Bank’s Tier 1 investments and settlements.
• Prepare detailed Year-End P&L analysis for all Canadian branches.

Skills

Excel Skills

Analytical Skills

Critical Thinking

Organizational Skills

Detail-oriented Mindset

Education

Undergraduate degree in Business

Undergraduate degree in Economics

Undergraduate degree in Accounting

Tools

Peoplesoft EGL

OBI

Smartview add-in

Job description

Requisition ID: 215462

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

The Investment Analyst is responsible for all assigned tasks of the investment desk within the FAR Specialized Accounting group. The primary responsibilities include but are 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 the 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 the Bank’s monthly Canadian and Foreign Branch Retained Earnings 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 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.

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. 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.