Manager, Fixed Income/Syndicate New Issue- Structured Notes Middle Office

Scotiabank; Dallas, Northern (TX, KY); Hybrid; USD 90,000 - 120,000; Full time

Job summary

Scotiabank in Dallas seeks a Manager for Fixed Income/Syndicate New Issue- Structured Notes Middle Office to ensure accurate trade input, settlement, and risk capture. You will collaborate with traders, syndicate desks, and operations to optimize front-to-back processes.

Role requires attention to detail, strong communication, and familiarity with fixed income products and post-trade systems. Opportunities for growth in a global bank environment.

Qualifications

• College degree required: Bachelor’s Degree.
• Experience with institutional trading systems such as Bloomberg, ION MMI, IPREO, TradeWeb, Market Axess.
• Familiarity with post-trade systems incl. DTCC, EuroClear/Clearstream, ALERT, CTM.
• Experience in syndicate trade processing, deal accounting and expense tracking.
• Strong written and verbal communication skills.
• FINRA NASD S99 license or ability to obtain.
• Proficiency in MS Excel and FINRA Trace.

Responsibilities

• Input and capture Fixed Income cash securities trades (Rates, Corporates, Lat-Am Emerging, Structured Notes).
• Work with trading and sales to ensure daily trades are entered, confirmed, and recorded.
• Support Debt Capital Markets Syndicate and Equity Derivative Structured Notes desks with strong relationships.
• Ensure accurate recording of all deal transactions and prepare settlement letters and deal expenses.
• Coordinate with external clients to retrieve trade allocations and submit into risk capture systems.
• Submit new issue structured notes cusips to depos for eligibility and coordinate wires.
• Perform FOBO reconciliations to ensure trades flow to back-office systems.
• Facilitate timely settlement by resolving allocation and instruction discrepancies.
• Understand risk appetite and culture in day-to-day activities.
• Maintain day-to-day controls per Scotiabank values and conduct standards.
• Champion a high-performance, inclusive work environment.

Skills

Bloomberg TOMS

ION MMI

IPREO

TradeWeb

Market Axess

Broadridge BPS & Impact

DTCC

EuroClear & Clearstream

ALERT

CTM

MS Excel

FINRA Trace

Education

Bachelor’s Degree

Tools

MS Excel

FINRA Trace

Job description

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Title: Manager, Fixed Income/Syndicate New Issue- Structured Notes Middle Office

Requisition ID: 270679

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 Fixed Income Middle Office and globally 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.

What You'll Do

• Responsible for the trade input and capture of Fixed Income cash securities (Rates, Corporates, Lat-Am Emerging markets, Structured Notes).
• 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.
• Support Debt Capital Markets Syndicate desk & Equity Derivative Structured Notes desk, develop strong working relationships with the underwriting, trading, and legal teams
• Ensure accurate and detailed recording of all deal transactions, preparation of final settlement letters for underwriters or the trading desk, and collection of deal expenses including the wiring of monies for settlement and fees
• Coordinate with external clients to retrieve the trade allocations of block transactions and submit the allocated trades accordingly into the front-end risk capture systems.
• Submit new issue structured notes cusips to various depos for eligibility, coordinate wires, funding, Finra Trace setup, due diligence DTCC closing call and takedown
• Perform front-office to back-office system (FOBO) reconciliations to ensure that all trades entered flow to the back-office system.
• Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
• 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 to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.

What You'll Bring

• College degree required: Bachelor’s Degree
• Bloomberg TOMS, ION MMI, IPREO, TradeWeb, Market Axess,
• Broadridge BPS & Impact, DTCC. EuroClear & Clearstream, ALERT, CTM
• Syndicate trade processing, deal accounting and expense tracking
• Excellent communication and interpersonal skills, including strong written skills
• FINRA NASD S99 License or ability to obtain
• Proficiency in MS Excel
• FINRA Trace

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.
#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.

Nearest Major Market: Dallas

Nearest Secondary Market: Fort Worth

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