Assistant Manager, Trade Support Fixed Income Middle Office

Join a purpose-driven, winning team committed to results in an inclusive and high-performing culture within Global Banking and Markets (GBM). 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 clients an important bridge to this key global market for trade and investment flows across the Americas. GBM offers a full range of investment banking, credit, and risk management products and services, including 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.

About the role

Contributes to the overall success of the Middle Office by executing individual goals, plans, and initiatives in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies, and procedures. The role involves a broad array of operational duties, including trade life cycle support, trade processing, monitoring, reconciliation, and business line client service tasks.

Responsibilities

• Responsible for the trade input and capture of Fixed Income Rates, Repo, Corporates, Lat-Am, EM, and Structured Notes.
• Work with trading and sales staff to ensure all trades executed daily are accurately entered, confirmed with counterparties, and flow to the firm’s books and records.
• Monitor Treasury announcements and auctions daily and set up the respective securities accordingly.
• Submit Treasury bids to the Federal Reserve TAAPS system per instructions from the Trading Desk and communicate results.
• Distribute fail reports and ensure front office sales and trading teams are aware of all fail positions; follow up on aged items to promote settlement.
• Coordinate with external clients to retrieve trade allocations of block transactions and submit the allocated trades into front-end risk capture systems.
• Perform front-office to back-office system (FOBO) reconciliations to ensure all trades flow correctly.
• Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
• Support a customer-focused culture to deepen business line relationships and leverage broader bank relationships, systems, and knowledge.
• Perform daily operational activities in support of business lines, focusing on trade life cycle management, trade processing, and trading desk support.
• Deliver on Middle Office Strategy goals related to a Performance Culture.
• Operate within a high-performance environment, fostering an inclusive work culture, communicating vision/values/business strategy, and managing succession and development planning.
• Work with direct managers on continuous operational improvement, resolving highly complex, multi-faceted problems to meet business needs and create measurable operational efficiencies.
• Understand the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Actively pursue effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, ensuring adherence to operational, compliance, AML/ATF/sanctions, and conduct risk obligations.

Requirements

• 1-3 years of post-graduate experience in capital markets, finance, banking, process improvement, business analysis, or solution implementation is preferred.
• Knowledge/experience in banking or capital markets operations.
• Excellent verbal and written communication skills.
• Technical abilities including knowledge of basic software principles and experience with MS Access and Excel.
• Understanding of operational processes.
• Result-oriented, deadline-driven, and self-motivated.
• FINRA NASD S99 or other local licensing may be required.
• Trade processing, settlement knowledge, and client confirmation experience.
• Ability to handle a fast-paced, high-pressure environment.

Benefits

Scotiabank offers flexible benefit programs designed to support holistic well-being, addressing unique family, financial, physical, mental, and social health needs.

Location: Dallas, Texas, United States