Assistant Manager, Structured Finance/Settlements & Clearing (GWO)

Scotiabank•Toronto, ON

2d•Hybrid

About The Position

Contributes to the overall success of the Structured Finance team within Settlements & Clearing, GWO in Canada, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Requirements

Experience with and knowledge in administering ABCP conduits and other securitization structures
University Bachelor's Degree or equivalent experience in Capital Markets

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Develop proficiency with applications used by the Structured Finance team on a daily basis. (SecureHub, SPG, BESS, Cash Pro, ADP, Scotiaconnect)
Ensure all daily process such as invoice issuance, fulfilment of sellers’ borrowing and paydown requests, CP funding request to traders are properly executed in order to achieve the optimum use of cash for each conduit.
Ensure proper control process is followed to maintain the accuracy and integrity of the data feeds generated by SecureHUB.
Effectively support, communicate with, and maintain excellent working relations with front office, clients, technology and any other related internal/external stakeholders in order to ensure that all interrelated processes take place in an accurate and timely manner and that any discrepancies are addressed effectively.
Responsible for providing accurate and informative analysis to the Settlements & Clearing management
Act as the first point of contact to clients for any escalations
Consistently look for any opportunities for process improvements to maximize efficiencies.
Develop a sound understanding of all Securitization products supported. (ABCP, ABS) And also learn the day to day settlement procedures to provide coverage as needed to cover absences.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
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.
Champions a high performance environment and contributes to an inclusive work environment.
Supports Global Securitization