Analyst, Regulatory Control

Scotiabank; Dallas (TX); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Flexible benefits

Inclusive culture

Performance-oriented environment

Job summary

Scotiabank in Dallas is seeking a Securities Settlements specialist to contribute to the daily regulatory control activities within Global Banking and Markets. You will ensure accuracy, timeliness, and compliance with policy, partnering with desks, operations, and risk teams.

Key responsibilities include strengthening client relationships, resolving settlements discrepancies, performing reconciliations, and supporting system enhancements to prevent future issues.

Qualifications

• Experience with securities settlements and reconciliation.
• Proficiency in Excel with strong attention to detail.
• Knowledge of Broadridge BPS, Postedge and DTC is preferred.

Responsibilities

• Champions a customer-focused culture to deepen client relationships.
• Researches and determines the type of segregation deficit and assigns daily items to the teams responsible for resolution.
• Evaluates and assigns aged segregation deficits to the teams responsible for resolution.
• Investigates each segregation deficit, determines the cause and updates the segregation system.
• Researches deficits to identify potential automated or processing solutions to prevent recurrence and support trend analysis.
• Monitors daily segregation deficit responses and confirms that resolution steps have been processed and deficits are resolved.
• Monitors aged segregation deficit responses and confirms that deficits are resolved and required documentation has been received, saved and reviewed for completeness.
• Performs manual reconciliation to confirm Operations Control approval for each DTC segregation release.
• Performs preventive settlement-date functions to determine whether shorts have been covered or re-hypothecation is required.
• Supports supervisor/four-eye approval of manual segregation releases at depositories.
• Confirms that BPS segregation positions match depository segregation positions and advises the settlement team of any out-of-balance items requiring adjustment.
• Prepares MIS reporting for segregation deficits and root-cause analysis to identify trends and support process improvements.
• Creates daily MIS reports.
• Maintains strong relationships with desks, operations teams and other support groups.
• Supports new business initiatives.
• Supports operational projects to enhance, modify or change departmental systems and processes.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct and Global Sales Principles, while supporting the effectiveness of day-to-day business controls.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Shares best practices and insights to support team members.
• Actively seeks coaching and constructive feedback to develop performance.
• Demonstrates willingness to address challenges and learn from them.

Skills

Series 99

Possession and Control

Securities settlements

Excel

Tools

Broadridge BPS

Postedge

DTC

Job description

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Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

Contributes to the overall success of the Securities Settlements team by supporting the execution of daily regulatory control activities in alignment with the team’s business strategies and objectives. Ensures assigned tasks are completed accurately, timely and in compliance with governing regulations, internal policies and procedures, escalating issues to management as appropriate.

What You'll Do

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Researches and determines the type of segregation deficit and assigns daily items to the teams responsible for resolution. Each team updates the system with the action used to correct the deficit.
• Evaluates and assigns aged segregation deficits to the teams responsible for resolution.
• Investigates each segregation deficit, determines the cause and updates the segregation system.
• Researches deficits to identify potential automated or processing solutions to prevent recurrence and support trend analysis.
• Monitors daily segregation deficit responses and confirms that resolution steps have been processed and deficits are resolved.
• Monitors aged segregation deficit responses and confirms that deficits are resolved and required documentation has been received, saved and reviewed for completeness.
• Performs manual reconciliation to confirm Operations Control approval for each DTC segregation release.
• Performs preventive settlement-date functions to determine whether shorts have been covered or re-hypothecation is required, working with Middle Office and the desk to prevent segregation deficits.
• Supports supervisor/four-eye approval of manual segregation releases at depositories.
• Confirms that BPS segregation positions match depository segregation positions and advises the settlement team of any out-of-balance items requiring adjustment.
• Prepares MIS reporting for segregation deficits and root-cause analysis to identify trends and support process improvements.
• Creates daily MIS reports.
• Maintains strong relationships with desks, operations teams and other support groups.
• Supports new business initiatives.
• Supports operational projects to enhance, modify or change departmental systems and processes.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct and Global Sales Principles, while supporting the effectiveness of day-to-day business controls.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Shares best practices and insights to support team members.
• Actively seeks coaching and constructive feedback to develop performance.
• Demonstrates willingness to address challenges and learn from them.

What You'll Bring

• Series 99 preferred or required based on role responsibilities
• 1–2+ years of Possession and Control, securities settlements, reconciliation or related financial services operations experience preferred.
• Working knowledge of Broadridge BPS, Postedge and DTC preferred; willingness and ability to develop system knowledge required.
• Proficient Microsoft Excel user with strong attention to detail and analytical skills.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.