Analyst, Derivative Settlement Operations (GWO)

Requisition ID: 232112

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

Purpose:

Contributes to the overall success of Derivative Settlements Operations / Settlements & Clearing Canada ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are compliant with governing regulations internal controls and procedures.

Is this role right for you In this role you will:

Champions a client focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.

Responsible for day-to-day operational activities. This includes but is not limited to completing daily settlements and investigation/resolution of settlement disputes with clients/counterparties. Assisting with post-settlement reconciliation of cash and accounting breaks Rate reset notifications and MTM reporting distribution involvement with projects as they relate to the team and other ad hoc responsibilities

Effectively supporting communicating with and maintaining excellent working relations with all stakeholders: Front Office Product Control IT ensuring that related procedures take place in an accurate and timely manner and that any discrepancies are resolved with urgency

Responsible for providing accurate and informative analysis to senior management as requested.

First point of contact for all clients supported. Effecting insightful feedback and accurate analysis in a timely manner on all customer requests as they relate to settlements Rate reset notices and MTM reporting

Develop a sound understanding of the products supported/settled. (Cross Currency Swap Single Currency Swap Credit Default Swap Inflation Swap Total Return Swap Forward Rate Agreement Forex FX Options FX Commodity Options Equity Options Loans Deposits Swaption Single Currency Extend Single Currency Call Cap Floor FX Strip).

Identifying and mitigating any inherent operational risks as they relate to overall team and teams processes. This includes but is not limited to cross-training and providing coverage on other settlement desks for absence management; review evaluate implement and document new and existing procedures (SOPs).

Will consistently look for process improvements opportunities to maximize efficiencies.

Understand how the Banks 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 while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and the Guidelines for Business Conduct.

Champions a high performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have:

University Bachelors Degree
Good / Solid understanding of the Derivative products
1 Year of experience in Capital Markets Operations

Work Arrangement:

Core operational hours are between 8:30 am - 6:00 pm
Extended hours are a common occurrence during peak periods occasional weekend support for testing
Required rotational coverage on Statutory holidays

Interested

At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats 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.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.

At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however only those candidates who are selected for an interview will be contacted.