Senior Analyst, Product Control

Requisition ID: 238327

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

Senior Analyst, Product Control is a member of Product Control team, responsible for providing P&L and Accounting support for a number of books and / or strategies for 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, P&L and risk attribution and analysis, valuation & independent price verification (IPV), reconciliation of reported P&L to Front Office estimates and to the general ledger, the 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:
Responsibilities
The Senior Analyst will play a key role in the maintenance of an efficient and risk effective control environment for Structured Notes Product Control. The Senior Analyst will be responsible for:

• Produce and report daily P&L. Confirmation of P&L integrity/ validation through risk based attribution. Reconciliation of daily P&L to FO expectations with corresponding P&L explanatory to ensure P&L Sign-off by the Front Office. Coordination and resolution of P&L breaks between FO and Product Control through collaborative dialogue.
• Ensuring daily reported P&L is reconciled to the Bank's General Ledger and associated source system sub ledgers. Adoption of a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established work-flows. Ensuring balance sheet accounts are substantiated and that all accounting issues are resolved on a timely basis. Orchestrate and complete the Month-End Close Sign-off and MIS Package.
• Strong understanding of accounting and valuation of equity & derivative products to develop and implement infrastructure processes aimed at effectively capturing and reflecting risk profile of business.
• Production, Review and Analysis of IPV, Reserves and Fair Value Adjustments as may be required in agreement with Risk Management and as required by Bank Guidelines. The coordination and timely resolution of Issues with the Front and Back Offices, and Risk Management.
• Supporting other financial reporting needs as may be required.

The Senior Analyst will also support the Manager and Senior Manager 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.

Skills
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.
• A minimum of 1 – 3 years in relevant hands-on experience Financial analytics, Risk Management or Accounting functions, ideally in Fund Accounting firm or financial institutions.
• Strong problem-solving skills and proficiency with Excel.
• Python, VBA, SQL ability would be an asset.
• Progress in CFA or CPA will also be an asset.
• Strong communication skills and the ability to learn fast.
• A solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all of 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. If you require technical assistance, please click here. 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.