Assistant Manager, Trade Support Middle Office

Scotiabank•Dallas, TX

7d•Onsite

About The Position

Contributes to the overall success of the Middle Office 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. The incumbent will be responsible for a broad array of operational duties including, but not limited to, trade life cycle support trade processing, monitoring, reconciliation, and business line client service tasks.

Requirements

1-3 years post-graduate experience in industry or academia in in the areas of capital markets, finance and banking and/or process improvement, business analysis and solution implementation is preferred.
Knowledge/experience in banking/capital markets operations.
Excellent verbal and written communication skills
Technical abilities including knowledge of basic software principles and experience in (MS Access, Excel preferred), and an understanding of operational processes
Result oriented, deadline driven, self-motivated
FINRA NASD S99 or other local licensing may be required

Responsibilities

Part of a customer focused culture to deepen business line relationships and leverage broader bank relationships, systems and knowledge.
Responsible for the trade input and capture of Fixed Income DCM across IG/HY, Lat-AM, & European issuances and booking UST hedges. Trade capture booking of CLO, ABS, CMBS and RMBS products
Submit new issue cusips to various depos for eligibility, coordinate wires, funding, Finra Trace setup, due diligence DTCC closing call and takedown
Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
Support Debt Capital Markets Syndicate desk, and develop strong working relationships with the underwriting, trading, and legal teams
Work with the trading and sales staff to ensure that all trades executed daily are accurately entered, confirmed with counterparties, and flow to the firm’s books and records.
Perform front-office to back-office system (FOBO) reconciliations to ensure that all trades entered flow to the back-office system.
Support Syndicate/deal coordination, trade processing & allocations, trade monitoring, reconciliations, deal closings, and 30 -90 final settlement accounting cycles. Support client service middle office queries such as fail management, regulatory compliance reporting, and trade exceptions management.
Performing daily operational activities in support of business lines with a focus on trade life cycle management, trade processing and trading desk support.
Deliver on goals of the Middle Office Strategy as it relates to a Performance Culture. Operates within a high performance environment and team which fosters an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.
Work with their direct manager on continuous operational improvement and being a part of a team tasked with resolving highly complex, multi-faceted problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and co-operations from users and senior management.
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.