Funding Analyst, Funding Operations - Mortgage Capital Markets Operations

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Requisition : 275227

Salary Range: -

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join 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 100years. 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!

As the Funding Analyst for Mortgage Capital Markets Operations, the role contributes to the overall success of the Global Banking and Markets Mortgage Capital Markets business by providing operational support of the business and ensuring plans and initiatives are executed / delivered in support of the business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

• Manage day-to-day funding and paydown of loans against credit facility, including reconciling all client DDA funding and operating accounts intraday and at end of day
• Track status of underlying loan collateral via reporting provided by collateral custodians
• Provide clear, concise communication with clients and internal business partners… includes use of phones, email and internal chat messaging
• Work to clear exceptions in funding and collateral exceptions (work with Risk to request extensions due to loan aging)
• Escalate funding wires with AML / Sanctions and resolve client issues, as needed
• Release interest in loans funded and paid off facility going to Fannie Mae, Freddie Mac and Ginnie Mae
• Work with front office Banking and Risk teams to manage client relationship and ensure issues are escalated and information is properly documented and distributed to stakeholders
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Develop a robust understanding of supported mortgage products and address internal inquiries in a timely & professional fashion, providing prompt resolutions & further troubleshooting issues as needed.
• Identify, create and/or maintain operational controls to mitigate risk and drive efficiencies in all processes.
• Clearly interpret support team with any ad-hoc work as needed, including but not limited to regulatory requests or special projects.
• 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…