Senior Financial Analyst, Global Fixed Income, Product Control

Requisition ID : 203095

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

The Senior Analyst is responsible for the day-to-day operations, processing and assigned book level analysis within the Product Control group for the Global Fixed Income Collateral Management and Funding business.

Product Control is the Profit & Loss control group for 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, the substantiation of balance sheet accounts, identification and resolution of accounting & P&L discrepancies, and the maintenance of business performance and control MIS.

The Senior Analyst should provide a proactive and dynamic approach with assistance from their Senior Manager. They must be able to understand, analyze and comment on the drivers of P&L and Balance Sheet and to communicate effectively with management.

Is this role right for you? In this role, you will be responsible for :

• Assisting management in being a part of a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Assisting management in the maintenance of an efficient and risk effective control environment for Global Fixed Income business.

The incumbent will be responsible for :

Ensuring established process flows are completed to produce and report daily P&L. Confirming P&L integrity / validation through risk-based attribution.

Reconciling daily P&L to FO expectations with corresponding P&L explanatory to ensure P&L Sign-off by the Front Office. Coordinating and resolving 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. Adopting a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established workflows.

Ensuring balance sheet accounts are substantiated and that all accounting issues are resolved on a timely basis. Orchestrating and completing the Month-End Close Sign-off and MIS Package.

• Providing P&L relates supporting information to trading desk, Risk Management and Finance including full decomposition of P&L by risk factors to ensure business partners have a clear understanding of the underlying drivers of the P&L
• Confirming and reconciling closing market risk positions Source system to traders estimate. This will require strong understanding of risk analytics to develop and implement infrastructure processes aimed at effectively capturing and reflecting risk profile of the 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.

Assisting management in the coordination of resolution of reporting issues and ensure accuracy of reporting. Summarizing issues and put forth recommendations to management in a clear and concise manner.

Suggesting resolution to rectify any deficiencies.

• Maintaining the various organizational controls and processes and ensure adherence to all regulatory requirements.
• Supporting the Manager and the 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.

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

• A degree in Accounting, Finance, Economics, or a quantitative discipline including Mathematics, Science, Computer Science, and Engineering or Financial Engineering.
• Advanced skills with Microsoft Excel, VBA and Python.
• A professional accounting designation is desirable.
• An FRM / PRM or CFA would be an asset.

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.

scotiafinancejobs

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.