Analyst, Derivative Settlement Operations

2 months ago

Toronto, Canada Scotiabank Full time

Requisition ID: 207220

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

**Purpose**:
Contributes to the overall success of Derivative Settlements Operations / Settlements & Clearing, 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 compliant with governing regulations, internal controls and procedures.

**Is this role right for you? In this role, you will**:

- Champions a client focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Responsible for day-to-day operational activities. This includes but is not limited to completing daily settlements and investigation/resolution of settlement disputes with clients/counterparties. Assisting with post-settlement reconciliation of cash and accounting breaks, Rate reset notifications and MTM reporting distribution, involvement with projects as they relate to the team, and other ad hoc responsibilities
- Effectively supporting, communicating with, and maintaining excellent working relations with all stakeholders: Front Office, Product Control, IT, ensuring that related procedures take place in an accurate and timely manner and that any discrepancies are resolved with urgency
- Responsible for providing accurate and informative analysis to senior management as requested.
- First point of contact for all clients supported. Effecting insightful feedback and accurate analysis in a timely manner on all customer requests as they relate to settlements, Rate reset notices, and MTM reporting
- Develop a sound understanding of the products supported/settled. (Cross Currency Swap, Single Currency Swap, Credit Default Swap, Inflation Swap, Total Return Swap, Forward Rate Agreement, Forex, FX Options, FX Commodity Options, Equity Options, Loans, Deposits, Swaption, Single Currency Extend, Single Currency Call, Cap, Floor, FX Strip).
- Identifying and mitigating any inherent operational risks as they relate to overall team and teams’ processes. This includes, but is not limited to, cross-training and providing coverage on other settlement desks for absence management; review, evaluate, implement and document new and existing procedures (SOPs).
- Will consistently look for process improvements opportunities to maximize efficiencies.
- 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 contributes to an inclusive work environment.

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

- University Bachelor's Degree
- Good / Solid understanding of the Derivative products
- 1+ Year of experience in Capital Markets Operations

**Work Arrangement**:

- Hybrid work environment between core operational hours 8:30am -6pm
- Extended hours are a common occurrence during peak periods, occasional weekend support for testing
- Required rotational coverage on Statutory holidays

**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.

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