Assistant Manager, Middle Office

Scotiabank; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking an Assistant Manager to enhance the success of their Middle Office operations in Toronto. This role involves managing a Credit TRS portfolio, executing swap settlements, and championing operational improvements. The ideal candidate has a strong background in capital markets and finance with excellent communication and problem-solving skills. The position emphasizes individual performance and supports the manager in achieving operational excellence while ensuring compliance with regulations. Flexibility in working hours may be required.

Benefits

Flexible benefits programs to support well-being

Qualifications

• Experience in banking/capital markets operations.
• Ability to negotiate and interact with diverse groups.
• Solid understanding of operational processes.

Responsibilities

• Administer Credit TRS portfolio while meeting tight deadlines.
• Execute monthly Credit TRS swap settlements and provide reports.
• Resolve complex operational issues to improve efficiencies.
• Support Structured Products operations focused on trade management.
• Ensure adherence to operational and regulatory frameworks.

Skills

3 years post-graduate experience in capital markets

Knowledge of derivative products

Excellent verbal and written communication skills

Analytical problem solving

Technical abilities (SQL, VBA, Access, Excel)

Result oriented and self-motivated

Job description

Requisition ID: 247412

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

Purpose:

To contribute to the overall success of the Middle Office ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Assistant Manager will be responsible for a broad array of operational duties including, but not limited to, trade life cycle Management and Client Service related tasks.

Assistant Managers are expected to be individual performers, delivery top quality output, and supporting the Manager in daily activities and on any projects. Assistant Managers may be asked to instruct or guide junior members of the team and support the manager in performance management duties.

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

• Operating independently, administering assigned Credit TRS portfolio. Capable and comfortable operating within tight deadlines, able to make quick decisions, and able to quickly learn about the business/issues, without necessarily having any prior direct experience with the subject matter.
• Provided TRS reports, Collateral Calls and analysis of numerous compliance limits to clients daily. Execute monthly Credit TRS swap settlement. Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Champions a culture of continuous operational improvement by independently resolving highly complex, multi-faceted problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and co-operation from users and senior management.
• Performing daily operational activities in support of Structured Products e,g Credit TRS, CLO business lines with a focus on trade life cycle management, Trade Control, and Client Service.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

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

• 3 years post-graduate experience in industry in the areas of capital markets, finance and banking and/or process improvement, business analysis and solution implementation is preferred.
• Solid knowledge/experience in banking/capital markets operations. Knowledge of derivative products Preferably TRS/IRS workflow.
• Excellent verbal and written communication skills and the ability to negotiate, influence and interact professionally with a diverse group of Front Office Users, QAs, Developers, and SMEs
• Demonstrated knowledge of analytical problem solving and process engineering techniques (i.e. process mapping and analysis techniques)
• Strong technical abilities including knowledge of basic software engineering principles and experience in (SQL, VBA, Access, Excel preferred), and a sound understanding of operational processes
• Result oriented, deadline driven, self-motivated

Work Arrangement:

• Work in a standard office-based and/or remote environment; non-standard hours may be required depending on projects/initiatives in flight.

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.