Fee Based Trader, Centralized Investment Management - Global Investment Solutions - Toronto

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a Fee Based Trader in Centralized Investment Management, Toronto, to execute a range of equity, mutual fund, option and fixed income trades in alignment with portfolios, models and trading policies.

The role requires CIRO Investment Representative licensing, 2+ years in investment management, and strong knowledge of capital markets. Advanced Excel, Access, and Bloomberg/Reuters skills are preferred, with a university degree or diploma as a baseline.

Qualifications

• Licensed Investment Representative by CIRO is required.
• Minimum 2 years industry experience in investment management.
• University degree or college diploma or equivalent experience.
• Strong knowledge of capital markets and investing.
• CIM/CIF/CFA or in-progress accreditation is preferred.
• Proficiency with Access, Excel and portfolio accounting systems; Bloomberg/Reuters a plus.

Responsibilities

• Create and execute equity, mutual fund, option and fixed income orders using AOM, MPower, and Dataphile.
• Ensure orders comply with mandates, models, trading policy and regulations.
• Support portfolio management activities including onboarding, rebalancing, and cash management.
• Provide timely communication to the Portfolio Manager and monitor portfolios.
• Maintain awareness of bank risk appetite, culture, and day-to-day controls.
• Contribute to a high-performance, inclusive work environment.

Skills

Investment management knowledge

Capital markets understanding

Education

University degree or college diploma or equivalent

CIM/CIF/CFA in progress or equivalent accreditation

Tools

Access

Excel

Portfolio accounting systems

Bloomberg or Reuters

Job description

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Title: Fee Based Trader, Centralized Investment Management - Global Investment Solutions - Toronto

Requisition ID: 268961
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

Contributes to the overall success of the Centralized Investment Management/ Scotia Wealth Management in Canada by 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.

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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Create and execute equity, mutual fund, option and fixed income orders in a timely manner by using the various systems (AOM, MPower, Dataphile). All orders and trades should be assessed in accordance with the portfolios mandates, models and trading policy and regulatory requirements.
• Assist with the development and execution of the portfolio management activities will include onboarding, rebalancing requests, cash management and handling special situations, while conducting a strong due diligence before and after entering the orders.
• Provide timely communication and support to the program Portfolio Manager, regularly monitoring of portfolios, and making changes as deemed appropriate by the supervising program Portfolio Manager or Senior fee Based Trader.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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.
• Champion a high-performance environment and contribute to an inclusive work environment.

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

• Fully licensed as an Investment Representative by CIRO
• 2 years Industry experience
• University degree or college diploma or equivalent experience
• Strong investment management knowledge and experience as it relates to understanding economic and capital markets
• CIM, or its predecessor CIF, CFA or in process of attaining one of these accreditations
• Advanced knowledge of Access, Excel, Portfolio Accounting systems and Bloomberg or Reuters

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.

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.