Manager, GFI Product Control

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Scotiabank seeks a Manager for GFI Product Control in Toronto. This role entails overseeing P&L reporting and ensuring compliance with regulatory requirements in a dynamic financial environment. Ideal candidates have relevant degrees and experience, fostering a customer-focused culture within a high-performing team. Competitive compensation and continuous professional development are offered.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Work-life balance initiatives

Career development opportunities

Qualifications

• Experience with CMHC program and securitization process are crucial.
• Strong understanding of financial reporting and risk analysis.
• Accountability for P&L reporting and reconciliation.

Responsibilities

• Oversee day-to-day operations and processing within Product Control.
• Ensure P&L integrity and completeness through established processes.
• Coordinate resolutions for discrepancies between Front Office and Product Control.

Skills

Analytical skills

Customer focus

Proactive approach

Risk assessment

Education

Degree in Accounting, Finance, Economics, or a quantitative discipline

Professional accounting designation (CPA, CFA, etc.)

Job description

Join to apply for the Manager, GFI Product Control role at Scotiabank

19 hours ago Be among the first 25 applicants

Join to apply for the Manager, GFI Product Control role at Scotiabank

Get AI-powered advice on this job and more exclusive features.

Requisition ID: 227430

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

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

The Manager is responsible for the oversight of the day-to-day operations, processing and assigned book level analysis within the Product Control group for the Global Fixed Income Securitization business. They will provide a proactive and dynamic approach to the management of the business and ensure all controls are adhered to. They must be able to understand, analyse and comment on the drivers of P&L and Balance Sheet and all associated financial note disclosure to communicate effectively with management and our finance counterparts.

Within the Mortgage aggregation space this business is mainly driven by the CHMC program. Understanding of the program and the associated securitization process is imperative.

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

• Assist management in being a part of a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Assist management in the maintenance of an efficient and risk effective control environment for Global Fixed Income business.
• Ensure established process flows are completed to produce and report daily P&L. Confirmation of P&L integrity/ validation through risk-based attribution.
• Provide reconciliation of daily P&L to FO expectations with corresponding P&L explanatory 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 associated source system sub ledgers.
• Adopt a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established workflows.
• Ensure balance sheet accounts are substantiated and that all accounting issues are resolved on a timely basis.
• Orchestrate and complete the Month-End Close Sign-off and MIS Package.
• Be accountable for providing P&L relates supporting information to trading desk, Risk Management and Finance including full decomposition of P&L by risk factors to ensure business partners have a clear understanding of the underlying drivers of the P&L.
• Confirm and reconcile closing market risk positions Source system to traders estimate.
• Require strong understanding of risk analytics to develop and implement infrastructure processes aimed at effectively capturing and reflecting risk profile of the business.
• Produce, Review and Analysis of IPV, Reserves and Fair Value Adjustments as may be required in agreement with Risk Management and as required by Bank Guidelines.
• Provide the coordination and timely resolution of Issues with the Front and Back Offices, and Risk Management.
• Assist management in the coordination of resolution of reporting issues and ensure accuracy of reporting.
• Summarize issues and put forth recommendations to management in a clear and concise manner.
• Suggest resolution to rectify and deficiencies.
• Maintain the various organizational controls and processes and ensure adherence to all regulatory requirements.
• Support the Senior Manager and the Director 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 the Front Office, Risk Management, Operations, Finance, Audit and Regulators.
  
  

Skills

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Degree in Accounting, Finance, Economics, or a quantitative discipline including Mathematics, Science, Computer Science, and Engineering or Financial Engineering.
• Professional accounting designation is desirable. An FRM/PRM, CPA or CFA would be an asset.
• Understanding of the CMHC program and the associated securitization process is imperative.
  
  

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• 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. 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

• Industries

  Banking

Referrals increase your chances of interviewing at Scotiabank by 2x

Sign in to set job alerts for “Product Control Manager” roles.

Manager/Senior Manager, Quantitative Market Risk Models - Financial Engineering and Modeling

Markham, Ontario, Canada CA$55,000.00-CA$65,000.00 3 weeks ago

Greater Toronto Area, Canada $50.00-$60.00 1 day ago

Business Analyst (New or Recent Graduate)

Business Analyst (Intermediate) 8366-1612

Business Analyst (Intermediate) 8733-0611

Business Analyst (Intermediate) 8472-1612

Director Product Management - Protection & Control (m/f)

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.