Analyst, Securities Clearing - Toronto, ON

Requisition ID: 197533

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

Analyst, Sustainment and Control, Corporate Credit Services - Lending Services - 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 plays a key role in management of the specialized securities operations for the Settlements requirements of the Scotia Group. This position, responsible for assisting management in their efforts to coach individuals, coordinate workflows, measure and enhance employee engagement as well as the daily evaluation of team performance. The incumbent is expected to actively encourage the use of the daily huddle as a mechanism to create a shared understanding within the team and provide input in the establishment of benchmarks and targets to facilitate operational efficiency and to create a culture of continuous improvement.

What you'll do:

• Execute settlement activities as directed by the manager by: entering or confirming activity in the various depositories on a “value for value” basis, ensure settlement by determining location of required securities and releasing as required and ensuring settlement activity is accurately captured in books and records

• Perform administrative functions as required including : completing reconciliation activity in a timely and accurate manner, preparing / distributing daily reports AND reconciling cash and securities positions in a timely manner.

• Participate &/or assist in training / cross-training as required by management

• Acquire and maintain a thorough knowledge of all related settlement systems and all related operational protocol.

• Provide customer service consistent with Scotia Service Standards and Complaint Resolution Procedures.

What you'll bring:

• Excellent communication, interpersonal and organizational skills are required for this role as well as good people management, leadership and coaching ability.

• Highly developed analytical and problem solving skills are necessary as well as a good knowledge of the Bank’s operational and compliance policies, practices and procedures. Industry standards and infrastructure rules and regulations in relation to North American settlements are also required.

• Must be conversant and have a strong grasp of principles for the operating / settlement systems used by the unit including: BTS (061&191), Impact, Clearance Pro, Escape, Arrow, Arrow Blotters, CDS, DTC and FED.

• Must possess in-depth knowledge of all Bank policies, regulatory requirements, limits and controls which may affect or restrict all aspects of the day-to-day responsibilities for the unit.

• Ability to provide reliable and timely responses confidently to direct inquiries from customers, traders/sales personnel & management.

• Ability to effectively delegate, team build and provide coaching and feedback;

• Sound appreciation of the risks inherent in the unit;

• Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems and client needs.

Work Arrangement:

This position is currently a Hybrid role, with the expectation that you will work in the office. Please note that this is subject to change based on the needs of the business.

Interested:

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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.