Assistant Manager, Trade Support Middle Office

Scotiabank; Dallas (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

Scotiabank in Dallas is seeking a Middle Office Operations Analyst to support the trade life cycle, including processing, monitoring, and reconciliation tasks across fixed income instruments. You will work with underwriting, trading, and legal teams to ensure timely settlement, accurate trade capture, and robust controls in a global capital markets environment.

This role requires 1-3 years post-graduate experience and a foundation in capital markets operations, with strong communication and

Qualifications

• 1-3 years post-graduate experience in industry or academia in the areas of capital markets, finance and banking and/or process improvement is preferred.
• Knowledge/experience in banking/capital markets operations.
• Excellent verbal and written communication skills
• Technical abilities including knowledge of basic software principles and experience in (MS Access, Excel preferred), and an understanding of operational processes
• FINRA NASD S99 or other local licensing may be required

Responsibilities

• Part of a customer focused culture to deepen business line relationships and leverage broader bank relationships, systems and knowledge.
• Responsible for the trade input and capture of Fixed Income DCM across IG/HY, Lat-AM, & European issuances and booking UST hedges. Trade capture booking of CLO, ABS, CMBS and RMBS products
• Submit new issue cusips to various depos for eligibility, coordinate wires, funding, Finra Trace setup, due diligence DTCC closing call and takedown
• Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
• Support Debt Capital Markets Syndicate desk, and develop strong working relationships with the underwriting, trading, and legal teams
• Work with the trading and sales staff to ensure that all trades executed daily are accurately entered, confirmed with counterparties, and flow to the firm’s books and records.
• Perform front-office to back-office system (FOBO) reconciliations to ensure that all trades entered flow to the back-office system.
• Support Syndicate/deal coordination, trade processing & allocations, trade monitoring, reconciliations, deal closings, and 30 -90 final settlement accounting cycles. Support client service middle office queries such as fail management, regulatory compliance reporting, and trade exceptions management.
• Performing daily operational activities in support of business lines with a focus on trade life cycle management, trade processing and trading desk support.
• Deliver on goals of the Middle Office Strategy as it relates to a Performance Culture. Operates within a high performance environment and team which fosters an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.
• Work with their direct manager on continuous operational improvement and being a part of a team tasked with resolving highly complex, multi-faced problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and cooperation from users and senior management.
• Understand 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 of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence, and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Skills

Communication skills

Tools

MS Access

Excel

Job description

Requisition ID: 278188

Salary Range: -

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 Middle Office ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The incumbent will be responsible for a broad array of operational duties including, but not limited to, trade life cycle support trade processing, monitoring, reconciliation, and business line client service tasks.

What You’ll Do

• Part of a customer focused culture to deepen business line relationships and leverage broader bank relationships, systems and knowledge.
• Responsible for the trade input and capture of Fixed Income DCM across IG/HY, Lat-AM, & European issuances and booking UST hedges. Trade capture booking of CLO, ABS, CMBS and RMBS products
• Submit new issue cusips to various depos for eligibility, coordinate wires, funding, Finra Trace setup, due diligence DTCC closing call and takedown
• Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
• Support Debt Capital Markets Syndicate desk, and develop strong working relationships with the underwriting, trading, and legal teams
• Work with the trading and sales staff to ensure that all trades executed daily are accurately entered, confirmed with counterparties, and flow to the firm’s books and records.
• Perform front-office to back-office system (FOBO) reconciliations to ensure that all trades entered flow to the back-office system.
• Support Syndicate/deal coordination, trade processing & allocations, trade monitoring, reconciliations, deal closings, and 30 -90 final settlement accounting cycles. Support client service middle office queries such as fail management, regulatory compliance reporting, and trade exceptions management.
• Performing daily operational activities in support of business lines with a focus on trade life cycle management, trade processing and trading desk support.
• Deliver on goals of the Middle Office Strategy as it relates to a Performance Culture. Operates within a high performance environment and team which fosters an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.
• Work with their direct manager on continuous operational improvement and being a part of a team tasked with resolving highly complex, multi-faced problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and cooperation from users and senior management.
• Understand 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 of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence, and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

What You’ll Bring

• 1-3 years post-graduate experience in industry or academia in the areas of capital markets, finance and banking and/or process improvement, business analysis and solution implementation is preferred.
• Knowledge/experience in banking/capital markets operations.
• Excellent verbal and written communication skills
• Technical abilities including knowledge of basic software principles and experience in (MS Access, Excel preferred), and an understanding of operational processes
• Result oriented, deadline driven, self-motivated
• FINRA NASD S99 or other local licensing may be required

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.

Location(s): United States : Texas : Dallas

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.

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.