Senior Analyst, Securitization

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Analyst to manage mortgage securitization activities in Toronto. Key responsibilities include overseeing the issuance of mortgage-backed securities, ensuring compliance with guidelines, and preparing financial reports. The ideal candidate will have a strong analytical background, proficiency in Excel, and relevant experience in securitization or mortgage funding.

Benefits

Diversity, Equity and Inclusion initiatives

Upskilling through online courses

Competitive rewards program with bonus

Flexible vacation and personal days

Community engagement opportunities

Qualifications

• 3–5 years of relevant experience in securitization/treasury operations or mortgage underwriting/funding.
• Experience in executing complex financial reporting requirements related to securitization.

Responsibilities

• Manage issuance and settlement of new NHA MBS and CMB pools.
• Handle monthly investor reporting for the NHA MBS program.
• Create and execute pools for mortgage sales.
• Prepare and validate monthly and quarterly securitization reports.
• Support securitization-related projects and initiatives.

Skills

Strong analytical skills

Proficiency in Excel (including Macro and VBA)

Ability to work independently

Knowledge of CMHC NHA MBS and Covered Bond

Education

Post‑secondary education preferred in finance, accounting or business

Job description

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Requisition ID: 241050

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

What you will be doing

As the Senior Analyst, you will report to the Manager of Securitization, and perform the day-to-day operations of residential mortgage securitization activities for RESL, supporting the Bank’s capital and liquidity needs.

You will be responsible for the accurate setup, maintenance, and reporting of financial data related to the Mortgage-Backed Securities (MBS) program and the Covered Bond Program (CB). You will prepare and execute sales and purchases of mortgages between bank entities as requested, reconcile balances between GL accounts, and prepare internal accounting reports.

In this role, you will

• Manage the issuance and settlement of new NHA MBS and CMB pools under the Canada Mortgage and Housing Corporation (CMHC) NHA MBS Program, and oversee the ongoing administration of securitized loans to ensure compliance with NHA MBS and CMB Guidelines.
• Handle monthly investor reporting for the NHA MBS program, ensuring timely payment of monthly remittances and fees to the Central Payor and Transfer Agent (CPTA) and CMHC.
• Create and execute pools for all mortgage sales – NHA MBS and – while performing clean‑up and remittance processes to meet CMHC requirements and bank policy.
• Prepare and validate monthly and quarterly securitization reports, including Investor Remittance Reports and Valuation Reports for Covered Bonds, Mutual Funds, and RRSPs. Investigate and resolve accounting balance discrepancies related to investor loans.
• Support securitization‑related projects and initiatives, including data analysis, audit activities, and ad hoc reporting to inform management decisions.
• Assist with regression testing, troubleshoot system issues, identify opportunities for process improvement, and support the implementation of recommended changes.

Do you have the skills that will enable you to succeed in this role?

• Post‑secondary education preferred, with a major in finance, accounting, business, or equivalent industry experience.
• 3–5 years of relevant experience in securitization/treasury operations or mortgage underwriting/funding.
• Strong analytical skills, along with proficiency in Excel (including Macro and VBA) and reporting.
• Proven ability to work independently and collaborate across the organization.
• Knowledge of CMHC NHA MBS, Covered Bond, and other funding programs is preferred.
• Experience in executing complex financial reporting requirements, preferably related to securitization.

What's in it for you?

• 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 each 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.
• Upskilling through online courses, cross‑functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, cooking with friends, Humans of Digital and much more!

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. 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.