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Form of workRequisition ID: 192589
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
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.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
What You'll Do
- Facilitate dividend claims booked under the following entities: SCIT, BNST, BNSL, SBE, SIDAC
- Foreign & Domestic Claims, settle all North American and global claims receivables and payables with counterparties for 061 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 (GDMS, CDS, DTC, BNP, HSBC, Citibank), 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, dividend claim and ISS foreign email. 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
- Gloss Event Release / Corona/TLM/KRI Reconciliation / Settlement of Gloss Tickets / BNP Gloss Funding
- Balance stock record for Scotiabank Europe, process BESS payments, Settle tickets
- Balance stock record for Brazil, process payments and reconcile cash
- Maintain a strong relationship with counterparties by confirming and paying/receiving dividend 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.
- Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
What You'll Bring
- Knowledge of Corporate Actions and Entitlement Processing
- Trading Regulations for specific Markets
- SWIFT Payment knowledge
Work Arrangement: This position is currently a Hybrid role. 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.
