Regulatory Control Analyst — Settlements & Risk Insights

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

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.