manager, banking operations

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager for Network Management in Custody Services, focusing on global transaction banking. The role is full-time and permanent, offering an hourly wage of $35.90 to $86.54. Ideal candidates will have relevant management experience and a strong understanding of banking operations.

Job description

Manager, P&L

Requisition ID: 242358. Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Manager, Product Control is a member of the Product Control team, responsible for providing P&L and Accounting support for a number of books and/or strategies for the Global Equity business. The Product Control Department is the Profit & Loss control group providing support to Scotiabank Global Banking & Markets.

Product Control is responsible for P&L reporting, P&L and risk attribution and analysis, valuation & independent price verification (IPV), reconciliation of reported P&L to Front Office estimates and to the general ledger, substantiation of balance sheet accounts, issue identification and resolution, and maintenance of business performance and control MIS.

Key Responsibilities

• Produce and report daily P&L.
• Confirm P&L integrity and validation through risk‑based attribution.
• Reconcile daily P&L to FO expectations and provide explanatory notes to ensure P&L sign‑off by the Front Office.
• Coordinate and resolve P&L breaks between FO and Product Control through collaborative dialogue.
• Ensure daily reported P&L is reconciled to the Bank’s General Ledger and source system sub ledgers. Escalate and resolve breaks on a timely basis as required by established workflows.
• Substantiate balance sheet accounts and resolve all accounting issues on a timely basis.
• Orchestrate and complete the month‑end close, sign‑off and MIS package.
• Apply strong understanding of accounting and valuation of equity and derivative products to develop and implement infrastructure processes aimed at capturing the risk profile of the business.
• Produce, review and analyze IPV, reserves and fair‑value adjustments as required in agreement with Risk Management and Bank Guidelines.
• Coordinate and resolve issues with Front and Back Offices, and Risk Management.
• Support other financial reporting needs as required.
• Assist Manager and Senior Manager in establishing support for new products/business in a controlled manner and actively engage in requests for support, analysis and information from various constituents including Front Office, Risk Management, Operations, Finance, Audit and Regulators.

Qualifications

• Experience with valuation, risk analytics and accounting of equity and derivative products.
• Minimum 1–3 years of relevant hands‑on experience in financial analytics, risk management or accounting functions, ideally in a fund‑accounting firm or financial institution.
• Strong problem‑solving skills and proficiency with Excel.
• Knowledge of Python, VBA, SQL is an asset.
• Progress in CFA or CPA will also be an asset.
• Strong communication skills and the ability to learn fast.
• Solid understanding of bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all capital market products.

Benefits

• Inclusive and collaborative working environment that encourages creativity, curiosity and celebrates success.
• Competitive rewards package: performance bonus, employee share ownership program and pension plan matching.
• Health benefits from day one.
• Access to career development and progression opportunities.

Job Details

Location: Toronto, ON, Canada (On‑site). Salary: $35.90 to $86.54 per hour. Employment type: full‑time, permanent. Starts as soon as possible.