Assistant Manager, Trade Support Fixed Income Middle OfficeJoin 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 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. 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 Middle Office 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. The incumbent will be responsible for a broad array of operational duties including, but not limited to, trade life cycle support trade processing, monitoring, reconciliation, and business line client service tasks.
What You'll Do:
Responsible for the trade input and capture of Fixed Income Rates, Repo, Corporates, Lat-Am, EM, 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.
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 Trading Desk and communicate results.
Distribute fail reports and ensure the 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 the trade allocations of block transactions and submit the allocated trades accordingly into the front-end risk capture systems.
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.
Part of a customer focused culture to deepen business line relationships and leverage broader bank relationships, systems and knowledge.
Performing daily operational activities in support of business lines with a focus on trade life cycle management, trade processing and trading desk support.
Deliver on goals of the Middle Office Strategy as it relates to a Performance Culture. Operates 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.
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.
What You'll Bring:- 1-3 years post-graduate experience in industry or academia in 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-motivatedFINRA NASD S99 or other local licensing may be required
- Trade processing, settlement knowledge and client confirmation experience
- Ability to handle fast pace, high pressure environment
Interested? If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
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.
