Assistant Manager, Remediation Analyst - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 172303

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

Why work for Scotiabank?
Scotiabank is among the largest banks in the world and the most international bank in Canada.

We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.

Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you'll get to learn and develop your skills, while being recognized for your hard work.

At Scotiabank, we're passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.

Say hello to a career at Scotiabank

Global Banking and Markets

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.

Purpose

Contributes to the overall success of the Asset Services and Tax Operations Control Account Remediation effort within Global Wholesale Operations within the Asset Servicing team in Toronto, Canada for ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.

The assistant manager will be responsible for researching and addressing discrepancies aged balances within the identified population of control accounts.

They which can be related but not limited to the following:
tax transactions, dividend and interest payments, maturities, mandatory and voluntary corporate actions, repos and stock borrow/lending claims. payments.

The incumbent will also be expected to responsible for support the effort of identifying root causes the reason for the out of balance, and possible process improvement opportunities.

remediation opinion, seeking approval and ultimately clearing the balance.

Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Completing various complex reconciliations / adjustments (as assigned) as it relates to outstanding balances in control accounts
Identification of reason for out of balance and provide recommendation towards correction
Proactively assist other team members as required
Ensuring procedural and management controls are followed
Proactively work with other processing areas towards uncovering root causes to reduce demand workload and preventing risk exposure through timely and ongoing monitoring / analysis of errors.
Establishing and maintaining a high degree of processing / correcting adjustments in an accurate and timely manner
Responding knowledgeably, promptly, and professionally to inquiries
Providing technical expertise and specialized assistance relative to the various reconciliation / reporting processes
Ability to review transactions on the book and records
Understanding how Corporate Actions, Claims and Entitlements events are processed
Daily interpretation and notification of Corporate Acton Events.
Reconciliation of books and record positions on multiple internal systems and depositories.
Problem solving discrepancies including identifying the cause of the problem and what is required to prevent recurrence
Maintain strong relationships with the desks, operations teams, and all support groups.
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday 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.

Requirements:

Post-Secondary degree or diploma
Subject matter expert well versed in the entire lifecycle of all Income and Corporate Action Events.
In depth knowledge of depositories.
Track record of strong reconciliation and analytical skills.
Proficient with MS Office
Strong problemsolving skills, communication skills both written and verbal and able to work independently
Broadridge BPS experience.
Experience with domestic and foreign custodian