Analyst, Fixed Income (Gwo) - Toronto, On

Requisition ID: 193928
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Analyst, Fixed Income (GWO) - Toronto, ON

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

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.

What You'll Do:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Responding promptly and professionally to inquiries from customers, business lines supported and other units within Securities and Operations including senior level officers and Management.
• Providing insight and support to Manager during the planning, organizing and preparing of project related activities affecting the unit and ensuring successful implementation of changes to related processes and / or systems in support of our business partners.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions and follow bank policies and procedures on processing
• Withdraw bonds payments from custodians to Nostro accounts on timely manner.
• Reconcile unclaimed interest accounts on a daily basis and debit/credit balances on ledger accounts versus BPS, repo and Impact.
• Final review and signed off vendor reports and provide record keeping documents for internal and external audit.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day 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.
• Collect and research all payments associated with the distributions via DTC/CDS/EUROCLEAR/CLEARSTREAM/BNP/CITI/HSBC
• Review depositories and custodians record date holders versus BPS positions on a daily basis and group email and forward to appropriate staff members
• Process interest and principle payments to clients and Ensure bond/interest and principle related events are accurately set up
• Reconcile and process CDS/DTC/BONY FED distributions to BPS, Impact, and repo accounts accurately on a timely basis
• Reconcile with reconciliation department for custodian foreign bonds payments
• Process incoming/outgoing claims when required and Process foreign bond payments on a timely basis and monitor and reverse DTC invalid tracking on a timely manner.
• Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Provide ongoing assistance to the other bond interest officers and to the Manager and support on other desks in the department as required by holiday schedules, volumes and project
  

What You'll Bring:

• Good knowledge of Security Operations and the Income Processing Department procedures especially those that relate to the processing of Bond interest, maturity, principle pay down, partial call distributions, as well as other relate to the Bond Interest area, - Clearing, Reconciliations, Reorg, MSDI.
• Excellent knowledge of the operational procedures and regulations of CDS, DTC, BONY FED, CEDEL, EUROCLEAR, BNP, HSBC, and CITI the transfer agents and other financial institutions with whom the department interacts on claims, payments and processing of Bond Interest and Principle entitlements.
• Complete knowledge of Interest and associated tax issues as they relate to the payment, processing and reporting of Canadian, US and "foreign income" i.e. NRT, eligibility, books-close activity, record/ex/payable date implications, and different tax treatments etc.
• Effective communication skills both verbal and written.
• Ability to respond to fluctuation volumes within tight timeframes and maintain a high degree of accuracy.
• Good operating knowledge of Broadridge system in general and detailed knowledge of Impact and • Good knowledge of Microsoft Excel and Word.
  

Work Arrangement:

This position is currently a Hybrid role, with the expectation that you will work two days a week in the office. Please note that this is subject to change based on the needs of the business.

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
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.