Manager - Quality Control, Trade Finance Operations

5 months ago


Toronto, Canada Scotiabank Full time

Requisition ID: 198430

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

**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

**What You’ll Do**
- Conduct quality control activities for trade finance products like standby/commercial LCs, collection etc., as well as at times of supply chain products like receivable/payable financing, trade loan etc.
- Ensure all ICC guidelines and internal policies and procedures are adhered to
- Develop samples in accordance with QC Procedures and ensuring sampling results are comprehensive, and accurately identify operational risk factors and key controls.
- Finalise periodical QC reports with sample testing results grading.
- Provide effective and constructive to the operation teams on severity of deficiencies.
- Follow-up to ensure that all identified issues are remediated in timely manner and escalate if necessary.
- Maintain a close relationship with the operation team, both in trade finance and supply chain, to ensure alignment in process and standards.
- Monitor overall results of quality control reviews and report to Senior Manager/Director about performance.
- Assess the timeline followed in processing transaction, ascertaining whether operation unit has taken appropriate measure and utmost care to expedite processing transaction to avoid unnecessary delay and thus maximize customer satisfaction.
- Ensure continued learning and professional development of the transaction QC work.
- Plan, document, evaluate and maintain a robust quality control by designing QC procedures and incorporating continuous improvements with a comprehensive understanding of the bank’s risk appetite and risk culture.
- Identify trends or procedural weakness and/or inconsistencies.
- Maintain, and in some cases - establish - working relationships with key stakeholders including keeping abreast of key business, regulatory and industry developments and any changes to procedures and practices.
- Escalate issues to management as appropriate.
- Analyse the processed transaction, create, and manage database to spot trends from knowledge gaps perspective.
- Acting as backup for Senior Manager Risk Control or other Managers as required.

**What You’ll Bring**
- Bachelor’s degree, along with 7-8 years international trade finance operations and/or Quality Control
- Excellent knowledge of ICC publications like UCP 600, ISP 98, URDG 758 etc.
- Excellent Knowledge of Trade Finance Products, Structured Trade Finance products, Risk Participations etc.
- Strong computer skills, including Word, Excel, PP, Adobe. Given the increasing reliance on technological solutions for trade transactions purposes and risk assessment/mitigation, the incumbent must be able to work with other systems such as Trade360, Trade Express Elite etc.
- Strong analytical skills with a strong attention to details.

**Interested?**

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



  • Toronto, Canada Scotiabank Full time

    Requisition ID: 195699 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **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....


  • Toronto, Ontario, Canada Weld O Canada Inc Full time

    OverviewWeld O Canada Inc is seeking a Quality Control Operations Manager to lead our quality assurance efforts and ensure compliance with industry standards.SalaryWe offer an attractive salary of $85,000 - $110,000 per year, depending on experience, to compensate for the skills and qualifications required for this role.Job DescriptionTo manage and oversee...


  • Toronto, Canada AstraNorth Full time

    **Knowledge/Experience**: - 6- 8 years of operational experience in Trade Finance with at least 5 year experience in similar profile - Standby Letter of Credit, Collections, Guarantees/SBLC - Good MS Office knowledge - French Proficiency **Competencies/Skills**: - Oral Communication: Explains or presents factual information to individuals or groups in a...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 194813 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Analyst, Trade Finance Operations (Processing) GWO** **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...


  • Toronto, Canada Euro Exim Bank Full time

    Euro Exim Bank, an award-winning and high-performing global financial institution is seeking freelance-based professionals to sell trade finance services to exporters and importers worldwide. If you are truly passionate about sales and have outstanding selling skills, this role could be for you. **Main features of the job**: - Freelance basis only (this...


  • Toronto, Canada ICICI Bank Canada Full time

    ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited which has its headquarters in Mumbai, India. ICICI Bank Limited is a leading private sector bank in India. The Bank’s consolidated total assets stood at US$182.8 billion as at December 31, 2019. Established in December 2003, ICICI Bank Canada is a full-service direct bank with an asset...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 193004 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Manager, Exchange Traded Derivatives 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...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 207492 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose**: Contributes to the overall success of the Trade Finance Operations in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives....

  • Operations Manager

    4 weeks ago


    Toronto, Ontario, Canada Weld O Canada Inc Full time

    We are seeking a highly skilled Quality Control Services Manager to join our team at Weld O Canada Inc. The successful candidate will be responsible for ensuring the quality of our welding services, with a focus on education and experience.Key Responsibilities:Develop and implement quality control procedures to ensure compliance with industry...


  • Toronto, Canada Trdfin Support Service Pvt Ltd Full time

    Euro Exim Bank, an award-winning and high-performing global financial institution is seeking freelance-based professionals to sell trade finance services to exporters and importers worldwide. If you are truly passionate about sales and have outstanding selling skills, this role could be for you. **Main features of the job,** - Freelance basis only (this is...


  • Toronto, Canada TD Bank Full time

    **Work Location**: Canada **Hours**: 37.5 **Line of Business**: Data & Analytics **Pay Details**: **Department Overview** **Within Wholesale Finance, the **Product Control Team **supports TD Securities and is responsible for providing overall end-to-end accountability for the completeness, accuracy and timeliness of optimized processes and controls for...


  • Toronto, Canada Highstar Building Management Inc. Full time

    **Job title** - Quality Control Coordinator_ **Reports to** - Director of Customer Care_ **Job purpose** The Quality Control Coordinator works for a family-owned private real estate company located in Vaughan. The position location is in our project site offices in the GTA. At present, the location is our Kazmir Project in Etobicoke. Future project sites...


  • Toronto, Canada TD Bank Full time

    **Manager, GAML Quality Control**: - 431206BR **Job Category - Primary** - Anti-Money Laundering / Compliance & Regulatory Relations **Work Location** - TD Centre - South - 79 Wellington Street West **Employment Type** - Regular **City** - Toronto **Time Type** - Full Time **Province/State** - Ontario **Hours** - 37.5 **Workplace Model** -...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 178591 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job** The Manager is responsible for the day-to-day operations, processing and assigned book-level analysis within the Product Control group for the Global Fixed Income Collateral Management and Funding...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 195706 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Analyst, Trade Finance Operations (12 Month Contract)(French and English) - Toronto, ON** **Global Banking and Markets** Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with...

  • Finance Controller

    5 months ago


    Toronto, Canada Quantum Reach Full time

    Our client, a prominent Law Firm located in downtown Toronto, is seeking a Finance Controller to oversee all financial operations within the firm. In this crucial role, the Finance Controller will report directly to the Senior VP, Finance, and collaborate closely with the management team to drive strategic financial planning and decision-making. **Key...


  • Toronto, Ontario, Canada CB Canada Full time

    Job Summary: We are seeking a highly skilled and experienced Controller to lead our accounting and clerical department in Toronto. As a key member of our team, you will be responsible for planning and directing all accounting operational functions, including accounts payable, billings & collections, and payroll. You will also manage the timing for monthly...


  • Toronto, Ontario, Canada Ontario Teachers' Full time

    Job Title: Global Trade Management SpecialistJob Description: As a key member of the Global Trade Management team, you will play a critical role in ensuring the efficient and compliant execution of trade finance operations. Your primary responsibilities will include:Key Responsibilities: Execute daily work within the Finance Operations unit, including trade...


  • Toronto, Ontario, Canada Weld O Canada Inc Full time

    We are seeking a Quality Control Services Manager to join our team at Weld O Canada Inc. The ideal candidate will have a strong background in quality control and assurance, with a minimum of 5 years of experience in a similar role.Key Responsibilities:Develop and implement quality control procedures to ensure compliance with industry standardsConduct regular...


  • Toronto, Ontario, Canada CI Financial Full time

    Company OverviewCi Financial is a leading global wealth management and asset management advisory services company, driven by a commitment to provide individuals and institutions with the highest-quality investments and advice.SalaryThe estimated salary for this position is $90,000 - $120,000 per year, depending on experience and qualifications. This figure...