Assistant Manager, Trade Support Middle Office

About the role

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture. 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 clients an important bridge to this key global market for trade and investment flows across the Americas and the world. GBM 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.

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 depositories 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.
• Deliver on goals of the Middle Office Strategy as it relates to a Performance Culture. Operate 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-faceted 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 co-operations 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 to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Requirements

• 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.

Qualifications

• Education: Bachelor's degree in Finance, Business Administration, Economics, or a related field.
• Experience: 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.
• Skills: 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.

Skills

• Technical Abilities: Knowledge of basic software principles and experience in (MS Access, Excel preferred).
• Operational Processes: Understanding of operational processes.
• Communication: Excellent verbal and written communication skills.
• Self-Motivation: Result oriented, deadline driven, self-motivated.
• FINRA NASD S99 or other local licensing: Required.

Benefits

At Scotiabank, we offer a comprehensive benefits package designed to support your unique family, financial, physical, mental, and social health needs. This includes, but is not limited to, a focus on holistic well-being, flexible benefit programs, and a commitment to creating and maintaining an inclusive and accessible environment for everyone.

Pay

Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Schedule

Not specified.