Senior Analyst, Group Treasury Product Control

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

Benefits offered by this job

Annual bonus

Flexible vacation

Comprehensive benefits

Diversity, Equity, Inclusion & Allyshp

Job summary

Scotiabank in Toronto is seeking a Senior Analyst in Group Treasury Product Control to deliver timely P&L and balance sheet reporting across portfolios. You will enforce accounting policies, support month-end close, and collaborate with Front Office and control partners to strengthen governance.

The role requires 1–3 years in Product Control or related finance areas, strong knowledge of fixed income products, and advanced Excel; VBA/SQL/Python are assets. CPA/CFA desirable.

Qualifications

• 1–3 years of experience in Product Control or related area such as Middle Office, Finance, Risk Management, or Operations.
• Strong knowledge of fixed income products including ABS, MBS, CMO, Covered Bonds, and CMB.
• Understanding of Treasury functions and related accounting treatments (FVOCI, FVTPL, Amortized Cost).
• Advanced Microsoft Excel skills and data analysis capabilities.
• Excellent verbal and written communication with Front Office stakeholders.
• Self-driven, accountable, and able to thrive in a fast-paced environment.
• Experience in P&L reporting, validation, and risk attribution is a strong asset.
• Knowledge of VBA/SQL/Python is a plus.

Responsibilities

• Ensure compliance with accounting policies and valuation methodologies across products.
• Deliver daily P&L and Balance Sheet reporting for the assigned Treasury portfolio.
• Perform P&L analysis, attribution, and validation with stakeholders.
• Reconcile daily P&L to GL and sub-ledgers, addressing exceptions promptly.
• Manage balance sheet substantiation and support month-end close activities.
• Prepare IPV, valuation reserves, and fair value adjustments according to policies.
• Support internal and regulatory reporting as required.
• Collaborate with business partners to implement new products and initiatives with strong governance.

Skills

Analytical thinking

Communication skills

Self-driven

Cross-functional collaboration

Education

Bachelor's degree in Finance or Accounting

CPA or CFA desirable

Tools

Excel

VBA

SQL

Python

Job description

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Title: Senior Analyst, Group Treasury Product Control

Requisition ID: 274685

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

The Senior Analyst – Group Treasury Product Control is a key member of the Product Control team, responsible for delivering timely and accurate P&L and accounting execution support across multiple Group Treasury portfolios or strategies. The Senior Analyst will be responsible for championing high standards of control, analytical insight, and continuous improvement through a proactive and strategic approach.

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

• Ensure compliance with approved accounting policies and valuation methodologies by maintaining accurate accounting treatment across assigned products and portfolios.
• Deliver timely and accurate daily Profit & Loss (P&L) and Balance Sheet reporting for the assigned Treasury portfolio.
• Perform detailed P&L analysis, attribution, and validation to ensure reporting integrity, identifying and resolving discrepancies in partnership with key stakeholders.
• Reconcile daily P&L results to the General Ledger and supporting sub-ledgers, escalating and addressing exceptions in a timely manner.
• Manage balance sheet substantiation and support month-end close activities, including account sign-offs, reconciliations, and management reporting.
• Prepare, review, and analyze Independent Price Verification (IPV), valuation reserves, and fair value adjustments in accordance with Risk Management standards and internal policies.
• Support internal financial reporting and regulatory reporting requirements as required.
• Collaborate with business partners, management, and cross-functional stakeholders to facilitate new product implementations and business initiatives while ensuring a strong control and governance framework.

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

• 1–3 years of experience in Product Control or a related area such as Middle Office, Finance, Risk Management, or Operations, supporting trading desks or banking portfolios.
• Solid knowledge of fixed income products, including securitized instruments such as Asset-Backed Securities (ABS), Mortgage-Backed Securities (MBS), Collateralized Mortgage Obligations (CMO), Covered Bonds, and Canada Mortgage Bonds (CMB), as well as derivatives and equity products.
• Understanding of Treasury functions, including funding and hedging activities, with familiarity in related accounting treatments such as Amortized Cost, Fair Value Through Other Comprehensive Income (FVOCI), Fair Value Through Profit or Loss (FVTPL), and hedge accounting methodologies.
• Strong analytical and problem-solving abilities, complemented by advanced Microsoft Excel skills.
• Excellent verbal and written communication skills, with the ability to build effective relationships and confidently interact with Front Office stakeholders.
• Self-driven and highly accountable professional with a proactive mindset and the ability to succeed in a fast-paced, dynamic environment.
• Experience in P&L reporting, validation, and risk attribution, including the ability to explain key performance and risk drivers, is considered a strong asset.
• Working knowledge of VBA, SQL, and/or Python is an asset.
• Bachelor’s degree in Finance, Accounting, or a related discipline is required.
• Professional accounting or finance designation, such as CPA (preferred) or CFA, is highly desirable.
• Must be available to work overtime during month-end and quarter-end periods, as required to support business needs.

What’s in it for you?

• 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 includes annual 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. 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.