Analyst, Collateral Operations

Requisition ID: 214581

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

Purpose:

Contributes to the overall success of the GWO Collateral Operations / Settlements & Clearing, GBM in Canada 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.

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

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

• Provide Global operational support for the Collateral Management team within the Global Wholesale Operations (GWO) division of the Bank. The Collateral Management Group is responsible for supporting and controlling the global business lines of the Bank by accounting for a broad range of complex, high value collateralized transactions. Accounting and risk management are considerable in this fast paced business and errors can incur significant costs

• The incumbent's primary role is to provide daily margining support for the group's OTC exposure management function, covering a wide variety of operational duties and functions on derivatives, Repos, Securities Lending and other forms of collateralized transactions.

• The incumbent must have an understanding of the Bank's accounting policies and procedures. In addition, the incumbent should be familiar with the Bank's trading policies, bond market practice, regulatory requirements and the inherent risks associated with all of the collateral products processed. Familiarity with settling securities across many clearing systems and the Bank's payment systems is beneficial, but not required.

• A working knowledge of the Vermeg Colline collateral system and Anvil software would also be beneficial.

• 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, 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? - We'd love to work with you if you have:

The incumbent must have a good understanding of collateral management and the Bank's policies and procedures. In addition, a sound understanding of its trading policies, market practices, regulatory requirements and the inherent risks associated with all of the products processed.

The incumbent must have excellent oral and written communication skills to deal with a wide variety of external and internal clients. An analytical mindset would be beneficial in order to effectively detect, escalate or resolve issues. The incumbent must maintain a high level of accuracy and must be able to prioritize and multi-task at all times. The incumbent must have strong PC skills (particularly Excel) in order to handle the daily workload. He/she must be able to work independently with minimum supervision.

Work Arrangement:

• Work in a standard office-based environment; non-standard hours are a common occurrence.

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.

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.

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.