Assistant Manager, Trade Support (GWO)

Scotiabank; Toronto; On-site; CAD 85,000 - 120,000; Full time

Benefits offered by this job

Bonus and rewards program

Flexible vacation and personal sick/p所

Comprehensive benefits

Inclusive culture and ERGs

Job summary

Scotiabank is seeking a Middle Office professional to support the full life cycle of trades, with a focus on fixed income derivatives, trade control, and client service. You will operate within a dynamic GBM environment, collaborating with Front Office users, QAs, and developers to ensure timely and accurate processing.

The role emphasizes regulatory compliance, risk controls, and continuous operational improvement, offering opportunities to grow within a global banking environment in Canada.

Qualifications

• 3 years post-graduate experience in capital markets, finance and/or process improvement and solution implementation is preferred.
• Solid knowledge/experience in capital markets operations with a focus on fixed income derivatives, interpretations of ISDA & confirmations, complex derivative calculations.
• Excellent verbal and written communication skills and the ability to negotiate, influence and interact professionally with a diverse group.
• Demonstrated knowledge of analytical problem solving, escalation management and settlement dispute resolution.
• Strong technical abilities including Excel, Power BI, Duco, VBA and a sound understanding of operational processes.

Responsibilities

• Support the full life cycle of trades from inception to termination, including settlements.
• Assist with trade life cycle management, Trade Control and Client Service tasks.
• Provide performance feedback and guidance to junior team members as needed.
• Ensure compliance with regulatory, AML/ATF, and internal risk controls.
• Collaborate across GBM business groups and with Front Office Users, QAs, Developers, and SMEs.

Skills

Capital markets operations

Fixed income derivatives

ISDA & confirmations

Analytical problem solving

Communication skills

Excel

Power BI

Duco

VBA

Team collaboration

Tools

Excel

Power BI

Duco

VBA

Job description

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Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance.

Requisition ID: 270729
Employee Referral Program – Potential Reward:$1,000.00

We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role

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 incumbent will be responsible for a broad array of operational duties including, but not limited to, trade life cycle Management, Trade Control 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. Incumbents 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, identifying and resolving issues with minimal oversight. 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.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Ensuring clear, timely and accurate communication to internal and external clients as well as cross-departmental collaboration to ensure customer needs are met in a seamless and compliant manner.
• 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-operations from users and senior management.
• Performing daily operational activities in support of GBM business lines with a focus on trade life cycle management, Trade Control, and Client Service. This support includes but is not limited to supporting the complete life cycle of a transaction from inception to termination, including settlements along the way. The trade support will span a number of specific functions from settlement and confirmation support, compression activities, trade novation, corrections and problem resolution.
• 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.
• Support fixed income derivative products across Banking/GCM globally. Monitoring multiple transaction interfaces and managing resolutions.
• The incumbent may be required to work independently or within a team.
• Negotiation with stakeholders to complete tasks within given deadlines.
• Speed and accuracy of support to the business.
• Data accuracy and completeness.
• Follow Scotia’s policies and procedures to mitigate risk.

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 or academia in in the areas of capital markets, finance and banking and/or process improvement and solution implementation is preferred.
• Solid knowledge/experience in capital markets operations with a focus on fixed income derivatives, interpretations of ISDA & confirmations, complex derivative calculations and the ability to research and stay up-to-date on market events.
• 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, escalation management and settlement dispute resolution.
• Strong technical abilities including knowledge of essential software and experience in Excel, Power BI, Duco, VBA, etc., and a sound understanding of operational processes.
• Result oriented, deadline driven, self-motivated.

Working Conditions

• Work in a standard office-based and/or remote environment; non-standard hours may be required depending on projects/initiatives in flight. No travel required.

What’s in it for you?

• Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
• Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
• Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
• Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.