Fx, Operations Analyst, Foreign Exchange Operations

2 weeks ago


Toronto, Ontario, Canada Scotiabank Full time
Requisition ID: 198149

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

FX, Operations - Analyst, Foreign Exchange Operations (GWO) - 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


Contributes to the overall success of the FX Operations team within 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.
The FX Operations Analyst is responsible for supporting the day-to-day operations of the Foreign Exchange Operations Team.

The incumbent is responsible for ensuring all relevant processing and maintenance functions are completed accurately, within prescribed timeframes, and in accordance with established departmental procedures.


What you'll do:

  • Ensure all trades are recognized by trade counterparties, economic terms of all transactions are matched on, and all breaks are identified, reported, and resolved.
  • Validate transactions and settlements within our FX system of record.
  • Ensure smooth completion of the transactions processing in full adherence to the bank's compliance policy, regulations and procedure.
  • Generate and execute trade confirmations in accordance with the Bank policy.
  • Ensure the trades are reconciled with external electronic trade execution and affirmation/ confirmation & settlement platforms.
  • Responsible for being the first point of contact in providing excellent customer service by effecting insightful feedback and accurate analysis in a timely manner on all customer requests related to FX settlements and FX related investigations.
  • Timely escalation and resolution of any issues.
  • Investigate issues such that root causes are identified and appropriate actions are taken to prevent recurrence.
  • Take responsibility for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Identify and implement opportunities for improvement in controls, customer service, productivity, and cost effectiveness.
  • Understand customer needs and maintain customer service standards.
  • Develop and maintain relationships with customers, at both the operations staff and management levels, allowing for effective escalations and issue resolution.
  • Ensure customer issues are identified, reported, and escalated, and resolution is coordinated with internal stakeholders and the relationship owners.
  • Prepare reports for daily management review.
  • Troubleshoot customer issues and payment instructions.
  • Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
  • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday 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

What you'll do:

  • Supports Global FX Operations Products (FX, Swaps, NDFs)
  • Utilizes matching platforms FX ALL, MISYS, GTSS and Bloomberg
  • University Bachelor's Degree or equivalent experience in Capital Markets

Work Arrangement:

Interested?

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 f

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