• Job Description

  Req#: 182535

  Requisition ID: 182535
  
  Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

  
  L5, Nostro Analyst, Global Wholesale Operations | Operations Control Reconciliation - Toronto, ON.

  Global Banking and Markets

  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:

  The Analyst is responsible for the timely and accurate reconciliation of the Bank’s cash accounts held at other Banks and internal Inter Branch Accounts in strict compliance with Bank standards and regulatory requirements. The analyst must be able to identify and escalate potential risk to senior management.

  
  They monitor and report daily activity to Senior Management including account balances, business line positions, and Summary of cash breaks to the various business lines on a daily basis. They are required to give a high degree of customer support to internal departments as well as Settlement Operations, Product Control, GTB, Finance and BNS Branches. Analysts must possess very good knowledge of the products and systems relating to the transactions and accounts being reconciled, as they work under very tight deadlines.

  Position Highlights:

  • Supports the execution, implementation, delivery and success all projects internally within the Reconciliation team and in collaboration with other GWO utilities, and our GBM and Wealth Management business partners.
  • Understanding departmental and client needs while collaborating with our business partners to focus on building strong relationships and encourage positive experiences.
  • Assist with audit requests, regulatory reporting and ensure that all irregularities / improprieties are escalated promptly.
  • Provide training, back up and assistance for all new team members.
  • Ensure accounts on Corona/TLM are balanced daily – Statements/ledgers/outstanding items – signed by the Manager and stored for audit purposes.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-today 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, compliance, AML/ATF/sanctions and conduct risk.
  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

  What you'll do

  • Provide exemplary customer service and produce accurate work while supporting BNS Toronto, London, Ireland, New York and Asia Pacific for various business lines include FX, Derivative Products, Security Settlements, Money Market, Collateral, Futures, Lending Services and Finance.
  • Organized, able to multi-task, work well under pressure. • Analytical and problem-solving skills are necessary.
  • Strong understanding of accounting and reconciliation processes.
  • Experience with Microsoft Office, Corona, TLM, BESS, PEGA.
  • Strong communication skills (verbal, written, presentations).
    

  What you'll bring

  • 1-3 years of Reconciliation and Accounting Background Experience
  • Ability to understand business language and translate into technical terminology
  • Bachelor’s degree in Finance, Accounting or related discipline

  Working Arrangement:

  This position is currently a Hybrid role. Please note that this is subject to change based on the needs of the business.

  Interested?

  If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

  At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s 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.

• About the company

  The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.

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