Fixed Income Middle Office Specialist

Scotiabank; New York (NY); On-site; USD 69,000 - 129,000; Full time

Job summary

Scotiabank is seeking an experienced Fixed Income Middle Office professional in New York to support agency MBS allocations and trade capture. You will help coordinate settlements, reconcile front-to-back office processes, and liaise with clients to ensure accurate trade allocations and reporting.

The role emphasizes compliance with regulations and internal controls while contributing to a high-performance, inclusive team culture in a global bank with a strong US presence.

Qualifications

• 2-3 year minimum of MBS TBA allocations/specified pools.
• FINRA NASD S99 license or ability to obtain.
• Proficiency in MBSE (MBS Expert) and Broadridge Impact.

Responsibilities

• Allocate Agency MBS trades across GNMA, FNMA, & FHLMC 15yr/30yr coupons.
• Trade capture of Agency MBS TBA’s, RMBS, CMBS, underwriting and secondary trading.
• Facilitate RTTM trade matching, netting, and reporting to FINRA Trace.
• Submit Treasury bids to the Federal Reserve TAAPS system per desk instructions.
• Coordinate with external clients to retrieve trade allocations and input into front-end risk systems.
• Perform FOBO reconciliations to ensure trades flow to back-office systems.
• Support timely settlement by resolving allocation and instruction discrepancies with clients.

Skills

Excellent communication

Strong written skills

Interpersonal skills

Tools

MBSE (MBS Expert)

Broadridge Impact

Job description

Scotiabank is seeking an experienced Fixed Income Middle Office professional in New York to support agency MBS allocations and trade capture. You will help coordinate settlements, reconcile front-to-back office processes, and liaise with clients to ensure accurate trade allocations and reporting.

The role emphasizes compliance with regulations and internal controls while contributing to a high-performance, inclusive team culture in a global bank with a strong US presence.