Assistant Manager, Asset Servicing

Requisition ID: 242844

Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.

Purpose:

Contributes to the overall success of the Claims Management Team in GWO/ Globally 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.

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

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Facilitate foreign dividend claims booked under the following entities: SCIT, BNST, BNSL, SBE

• Domestic Claims, settle all North American and receivables and payables with counterparties for 61 and 191, monitor and settle MERIT claims for 061 and 191

• Update 061 and 191 Reconciliation files based on Claim Dividend Spreadsheet from dividend staff

• Process payments (Webpost, CPF, CDS, DTC,), monitor incoming payments and process necessary journals to designated control accounts

• Monitor, reconcile and review account activity in the Money Line Balance

• Process CDS election / work with the traders

• Set-up and confirm CDS trades for 061 and 191 / Investigate failed trade

• Process FX for DTC allocation

• Prepare P&L gain/loss report for Traders, write offs for Management and process journals

• Download back-sheet on daily basis

• Monitor Generic emails; Scotia claim. Ensure that all inquiries are responded to promptly and professionally for internal/external customer

• Inform front office (traders) for any withholding tax issue, confirm tax reclaim procedure and fees from depository.

• Daily review of control accounts to ensure outstanding items are cleared and if not, provide narration as to why its outstanding and steps required to clear

• Notify tax group to process tax reclaim and or IRS payment as well as QSL for year-end tax reporting

• Maintain a strong relationship with counterparties by confirm and payment dividend claims and/or receiving payable claims.

• Maintain a strong relationship with trade desk to confirm trades, investigate discrepancies and verify booking percentages.

• Process book entries into Broadridge ADP to internal control accounts to reflect payments/allocations.

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

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

• Knowledge of Corporate Actions and Entitlement Processing; including DPP and DRIP

• Knowledge on submitting trades order.

• CDS and DTC SPO and APO

• Booking favorable FX rate to minimize P&L

Work Arrangement:

• Work in a standard office-based environment; non-standard hours are a common occurrence.

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

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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.