Assistant Manager, Mcm - 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. 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 in New York 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:- Allocate Agency MBS trades across GNMA, FNMA, & FHLMC 15yr/30yr coupons
- Trade Capture of Agency MBS TBA's, RMBS, CMBS, underwriting and secondary trading
- Facilitate RTTM trade matching, netting, and reporting to FINRATrace Assist the Fixed Income Middle Office team with trade input and capture of Rates, Repo, Corporates, Lat-Am, DCM New Issue Syndicate, CLO & ABS securities.
- Assist the FI Middle Office team to 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.
- Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursue 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.
Champion a high-performance environment and contributes to an inclusive work environment.
What You'll Bring:- College degree required: Bachelor's Degree 2-3 Year minimum of MBS TBA Allocations/specified pools
- Excellent communication and interpersonal skills, including strong written skillsFINRA NASD S99 License or ability to obtain
- Proficiency in MBSE (MBS Expert), Broadridge Impact
- Location(s): United States : New York : New York City
