Senior Accounting Officer, USD Clearing - Term Position

Scotiabank • Toronto, ON

7d • Onsite

About The Position

The Senior Accounting Officer, US Clearing provides support to balance all US Market trades across all business lines, ensuring that appropriate trading groups are notified and aware of discrepancies, and to have them resolved in a timely manner. Process trade corrections in a timely manner. Work as part of a team providing back up and support for all functions within the Contracts and Derivatives Clearing Department. Assume new roles and responsibilities as assigned, driven by new and changing business requirements. This is a 12 month term position.

Requirements

• A Bachelor’s degree or College Diploma in Finance, Accounting, Economics, Mathematics, or related quantitative discipline
• Experience with trade reporting systems such as Arrow, AS400, BPSA, Webpost, On Demand OAES and Broadridge products (pertaining to trade processing)
• Solid working knowledge of Microsoft Office products
• Advanced Excel Expertise – Proficient with XLOOKUP, VLOOKUP SUMIFS/COUNTIFS etc. for reconciling large datasets
• 2-5 years of experience in clearing, settlements, or trade support, with exposure to derivatives or equities
• Strong understanding of post-trade life cycle events
• Familiarity with CNS accounting, trade netting workflows
• Hands-on experience with clearing and reconciliation platforms (e.g., Broadridge, TMS, ARROW, or equivalent)
• Knowledge of Brokerage industry, particularly related to trade processing, balancing and security codes

Nice To Haves

• Canadian Securities Course (CSC) or working towards is an asset

Responsibilities

• Perform daily trade and position reconciliations across internal systems (e.g., Broadridge) and external clearinghouses (DTCC, NSCC) ensuring all US listed market trades are accurately matched
• Investigate breaks and discrepancies by analyzing transaction flow, settlement entries, accounting entries, and system interfaces
• Ensure all internal accounts are balanced and cleared in a timely manner, escalate unresolved items as needed
• Collaborate with internal teams to resolve discrepancies
• Maintain a strong understanding of clearing workflow and settlement cycles across equity products
• Contribute to team knowledge sharing and training, supporting cross-functional initiatives including but not limited to derivatives clearing, PS edit desk, CAD clearing desk, trade corrections

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree