• Job Description

  Req#: 183837

  Requisition ID: 183837
  
  Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

  Purpose
  Contributes to the overall success of the Product Control / Commodities and Currencies in Canada and globally 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.

  Accountabilities

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

  • Ensures that the accounts and financial records of commodities businesses are being maintained according to International Financial Reporting Standards, policies and procedures set by Scotiabank Executive Offices and the local regulators.

  • Produce quality financial management information to the business line, including accurate daily/weekly/monthly/yearly portfolio and consolidated level P&L and monthly balance sheet reporting

  • Prepare actual and risk based attributions by portfolio to explain and control the daily P&L reporting, investigating and reconciling results with front office estimates.

  • Continuously review assigned desk procedures to ensure that they are effective, efficient and controlled. Suggest and develop on-going methods of improving accurate data collection globally, streamlining reporting, sharing best practices and cross-training team members.

  • 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 implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

  Dimensions

  • Business units supported include: Canada and New York
  • P&L reporting, balance sheet attestation and financial analysis of variations and trends
  • Working knowledge of commodities and foreign exchange derivatives (futures, forwards, options and structured products), including the accounting and risk attributes of the products

  Requirements

  • University undergraduate degree in finance or accounting
  • Solid understanding of accounting, the concepts of mark-to-market accounting and risk based P&L attribution
  • Strong understanding of bank reporting requirements and the regulatory reporting issues of varied regulators is recommended
  • Thorough knowledge of derivative, lending and inventory products and the risks involved

  #scotiafinancejobs
  

  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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