Assistant Manager, Regulatory Operations Control - Toronto, Canada - Scotiabank

Scotiabank
Scotiabank
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

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Sophia Lee

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Description
Requisition ID: 160833

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


The Assistant Manager is responsible for helping to drive an efficient and effective Regulatory Control function within Global Wholesale Operations with a focus on CFTC, EMIR and IIROC Reporting Regulations, valuation, and collateral management.

The Assistant Manager will execute daily and periodic monitoring controls, resolve valuation/collateral disputes and help design end-to-end solutions for regulatory issues, gaps and process enhancements.


Accountabilities

  • Execute daily and periodic monitoring controls relating to Delivery of Daily Marks, Valuation Reconciliation, Collateral Disputes, and similar controls.
  • Manage the endtoend resolution of valuation/collateral disputes observed with counterparties. Manage resolution through identification, investigation, escalation to resolution, recordkeeping, and management reporting.
  • Provide support during management ad hoc requests, internal audit or testing engagements, and assist with preparation for regulatory audits or queries.
  • Liaise with Traders, Technology, Internal Control, Compliance, and other relevant stakeholders to identify, prioritize and solution regulatory issues, gaps, and enhancements with focus on automating manual processes. Responsibilities will include building business requirements, test scenarios, UAT, and providing process expertise.
  • Assist with developing materials, such as committee presentations and incident reports. Support at least one oversight committee through coordination, preparing meeting agendas and producing minutes.
  • Contribute to maintenance of documentation of all processes and procedures relating to Reconciliation controls.

Requirements:


  • Business/ Finance degree or equivalent
  • 2+ years of experience in in a Capital Markets environment
  • Solid understanding and familiarity with other areas of the Bank, including Technology, Risk Management, Compliance, Audit, etc.
  • Strong MS Excel skills is required and VBA knowledge is seen a strong nice to have
  • Strong relationship building competencies to build/maintain productive relationships with key stakeholders and members of the project team.
  • Expert curiosity, analytic and problemsolving capability under time pressure
  • Very good presentation and written communications skills
  • Prior operations experience, or project experience in a management or business analyst (BA) role, would be an asset
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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