Manager, P&L

Select how often (in days) to receive an alert: Requisition ID: 242358 Join a purpose driven winning team, committed to results, in an inclusive and high‑performing culture. The Manager, Product Control is a member of the Product Control team, responsible for providing P&L and accounting support for a number of books and/or strategies for the Global Equity business. The Product Control Department is the Profit & Loss control group providing support to Scotiabank Global Banking & Markets. Product Control is responsible for P&L reporting, risk attribution and analysis, valuation & independent price verification (IPV), reconciliation of reported P&L to front‑office estimates and to the general ledger, substantiation of balance‑sheet accounts, issue identification and resolution, and the maintenance of business performance and control MIS. Is this role right for you? In this role, you will: - The Manager will play a key role in the maintenance of an efficient and risk‑effective control environment. The incumbent will be responsible for: - Produce and report daily P&L; confirm P&L integrity/validation through risk‑based attribution; reconcile daily P&L to front‑office expectations and provide explanatory documentation to ensure P&L sign‑off by the front office; coordinate and resolve P&L breaks between front and product control through collaborative dialogue. - Ensure daily reported P&L is reconciled to the bank’s general ledger and associated sub‑ledgers. Adopt a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established workflows; ensure balance‑sheet accounts are substantiated and all accounting issues are resolved on a timely basis; orchestrate and complete the month‑end close sign‑off and MIS package. - Have a strong understanding of accounting and valuation of equity and derivative products to develop and implement infrastructure processes aimed at effectively capturing and reflecting the risk profile of the business. - Produce, review and analyse IPV, reserves and fair value adjustments as required in agreement with risk management and as required by bank guidelines. Coordinate and resolve issues with front and back offices, and risk management in a timely fashion. - Support other financial reporting needs as may be required. - Support other managers and senior managers in establishing support for new products/business in a controlled manner and actively engage in requests for support, analysis and information from various constituents, including the front office, risk management, operations, finance, audit and regulators. 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 valuation, risk analytics and accounting of equity and derivative products. - At least 1–3 years of relevant hands‑on experience in financial analytics, risk management or accounting functions, ideally in a fund accounting firm or financial institution. - Strong problem‑solving skills and proficiency with Excel. - Ability with Python, VBA, SQL would be an asset. - Progress in CFA or CPA will also be an asset. - Strong communication skills and the ability to learn quickly. - A solid understanding of bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all capital‑market products. What’s in it for you? - An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success. - We offer a competitive rewards package: performance bonus, employee share ownership program, and pension plan matching, health benefits from day one. - Your career matters You will have access to career development and progression opportunities. 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. 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. #J-18808-Ljbffr