Assistant Manager, Structured Finance/Settlements & Clearing (GWO)

Requisition ID: 271003 
Employee Referral Program – Potential Reward: $1,000.00  

We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role

Contributes to the overall success of the Structured Finance team within Settlements & Clearing, GWO 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.

• Develop proficiency with applications used by the Structured Finance team on a daily basis. (SecureHub, SPG, BESS, Cash Pro, ADP, Scotiaconnect)

• Ensure all daily process such as invoice issuance, fulfilment of sellers’ borrowing and paydown requests, CP funding request to traders are properly executed in order to achieve the optimum use of cash for each conduit.

• Ensure proper control process is followed to maintain the accuracy and integrity of the data feeds generated by SecureHUB.

• Effectively support, communicate with, and maintain excellent working relations with front office, clients, technology and any other related internal/external stakeholders in order to ensure that all interrelated processes take place in an accurate and timely manner and that any discrepancies are addressed effectively. 

• Responsible for providing accurate and informative analysis to the Settlements & Clearing management

• Act as the first point of contact to clients for any escalations

• Consistently look for any opportunities for process improvements to maximize efficiencies.

• Develop a sound understanding of all Securitization products supported. (ABCP, ABS)  And also learn the day to day settlement procedures to provide coverage as needed to cover absences.

• 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 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.

• Champions a high performance environment and contributes to an inclusive work environment.

• Supports Global Securitization
• Core application used is SecureHub
• Utilizes payment systems: SPG, BESS, Cash Pro, Scotiaconnect

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Experience with and knowledge in administering with ABS & ABCP conduits and other securitization structures.
• Experience with and knowledge in wires and settlements.
• University Bachelor's Degree or equivalent experience in Capital Markets.

Working Conditions

• Work in a standard office-based or temporary remote environment between core operational hours 8:30am -5pm
• Overtime may be required during peak periods or high-volume days
• Coverage on Statutory holidays is required

What’s in it for you?

• Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
• Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
• Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
• Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.

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