Assistant Manager, Trade Support Middle Office

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.

• 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 depos 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 counter parties, 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.
• Perform 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‑faced 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 their 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.

• 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.

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.

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Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.

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