Assistant Manager, Trade Support Middle Office

Scotiabank•Dallas, TX

About The Position

The Assistant Manager, Trade Support Middle Office contributes to the success of the Middle Office by delivering operational support for trade life-cycle management, trade processing, monitoring, reconciliation, and business-line client service. The role supports Fixed Income Debt Capital Markets (DCM) activity across investment-grade and high-yield, Latin American, and European issuances, as well as booking U.S. Treasury hedges and CLO, ABS, CMBS, and RMBS products. The position supports the Debt Capital Markets Syndicate desk and works with underwriting, trading, legal, sales, counterparties, and clients to ensure trades are accurately captured, confirmed, settled, and reflected in the firm’s books and records. The role also supports new-issue eligibility submissions, wires and funding, FINRA TRACE setup, due diligence, closing calls, takedowns, deal coordination, allocations, final settlement accounting, and client-service queries. The incumbent performs front-office-to-back-office reconciliations and helps manage fails, regulatory-compliance reporting, and trade exceptions. In addition to daily operations, the role contributes to operational improvement initiatives, including identifying opportunities, defining requirements and processes, coordinating development and implementation, and monitoring progress. All activities must comply with applicable regulations, internal policies, controls, and Scotiabank’s values and conduct principles.

Requirements

Knowledge or experience in banking or capital-markets operations.
Excellent verbal and written communication skills.
Technical abilities, including knowledge of basic software principles and an understanding of operational processes.
Results-oriented, deadline-driven, and self-motivated.
FINRA NASD S99 or other local licensing may be required.

Nice To Haves

1–3 years of postgraduate experience in industry or academia in capital markets, finance and banking, process improvement, business analysis, or solution implementation; preferred.
Experience with MS Access and Excel; preferred.

Responsibilities

Support trade life-cycle operations, including trade processing, monitoring, reconciliation, and business-line client service.
Capture and book Fixed Income DCM trades across investment-grade and high-yield, Latin American, and European issuances, U.S. Treasury hedges, and CLO, ABS, CMBS, and RMBS products.
Submit new-issue CUSIPs to depositaries for eligibility and coordinate wires, funding, FINRA TRACE setup, due diligence, DTCC closing calls, and takedowns.
Facilitate timely trade settlement by resolving allocation, trade-detail, and instruction discrepancies with clients.
Support the Debt Capital Markets Syndicate desk and maintain working relationships with underwriting, trading, and legal teams.
Work with trading and sales staff to ensure executed trades are accurately entered, confirmed with counterparties, and recorded in the firm’s books and records.
Perform front-office-to-back-office system reconciliations to ensure trades flow to the back-office system.
Support syndicate and deal coordination, trade processing and allocations, trade monitoring, reconciliations, deal closings, and 30–90-day final settlement accounting cycles.
Respond to middle-office client-service queries involving fail management, regulatory-compliance reporting, and trade exceptions.
Perform daily operational activities supporting business lines, with a focus on trade life-cycle management, trade processing, and trading-desk support.
Contribute to Middle Office strategy goals and foster an inclusive, high-performance team environment.
Work with the direct manager on continuous operational improvement and complex problem-solving, including identifying opportunities, preparing proposals, defining requirements and processes, supporting development and testing, planning conversion and implementation, monitoring progress, and securing stakeholder cooperation.
Consider the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
Maintain effective business controls and comply with Scotiabank’s values, Code of Conduct, Global Sales Principles, and obligations relating to operational, compliance, AML/ATF, sanctions, and conduct risk.