Business Analyst, Market Data Services, Global Banking and Markets (GBM) - Toronto, ON

Scotiabank•Toronto, ON

2d•Hybrid

About The Position

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific. More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management. This role contributes to the overall success of the Market Data Services Group/GBM based in Canada with global scope 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

Bachelor’s Degree preferred (in Finance, Business Administration, Computer Science, or other related discipline)
Ability to work in dynamic internal team and group environments to further team objectives
Exceptional written, verbal and interpersonal communication skills
Strong knowledge of financial markets, principles, analysis, and market data industry (5 yrs+)
Strong knowledge and experience with MS Excel, MS Word, report design, and data visualization (graphs/charts)
Solid analytical and organizational skills, attention to detail, and applies a results-oriented approach
Strong contracts administration and/or vendor management experience
Effective time management skills with the ability to concurrently manage multiple projects with different deadlines

Responsibilities

Perform and maintain end-user permissions and changes for major data vendors (Bloomberg, Refinitiv, Standard & Poors/Moodys/Wood Mackenzie) with the ability to understand at a high level the major data vendor’s key payment and entitlement/payment processes and system nuances
Be a subject matter expert with respect to the TRG FITS market data inventory system: in addition to diligently updating and maintaining TRG FITS, be accountable and responsible for all new module implementations/QA testing and related training efforts including impact assessments on the end user community and internal groups and system interfaces (Finance/ End Users and HR etc.)
Take the lead and accountability for accurate and timely generation of all ad hoc and regular reporting (monthly, quarterly, annual) and executive dashboards
Liaise with lines of business globally to help define and formalize approval processes, provide ad hoc/recurring reporting and analysis
Resolve end-user issues with vendor services in a timely fashion working with internal teams
Analyze invoices from vendors for reconciliations and investigate discrepancies
Allocate/process all incoming invoices specific to Market Data Service Licensing and Subscriptions Services using Finance SmartBuy system, ensuring prompt action to facilitate timely payment to Vendors by Finance groups
Define and maintain cost allocations for users and departments consuming market data and associated delivery platforms
Work directly with the Director and Senior Managers (Market Data Services) and provide assistance by utilizing analytical skill sets/ TRG FITS knowledge and help create cost saves initiatives/strategies, review of current and forecasted business and vendor spend patterns and assist in any potential process and procedural improvements in the Operations space
Take a lead role in the successful and timely implementation of any ad hoc projects and initiatives related to Operations/Compliance – Audit related activities
Design and maintain procedures for processes and business continuity for market data vendors covered.
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
Champion a high-performance environment and contributes to an inclusive work environment
Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge