Job Information
Scotiabank Senior Manager, Product Control, US Group Treasury in New York City, New York
Senior Manager, Product Control, US Group Treasury
Requisition ID: 196271
Salary Range: 110,700.00 - 211,800.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets:
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose:
Contributes to the overall success of Group Treasury Product Control in the U.S. 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.
Reporting to the Director, U.S. Product Control, the candidate is primarily responsible for designing and implementing process and systems solutions for daily P&L reporting, daily/monthly accounting, balancing and reconciliations for US Group Treasury.
The candidate will interact with a number of functional areas within and outside of Product Control. The key internal relationships outside of Product Control will be with Front Office, Financial and Regulatory Reporting, GWO, and FP&A.
What You’ll Do:
Overall support of the Group Treasury function within the Consolidated U.S. Operations (CUSO).
Generate ad-hoc reports to satisfy various financial and regulatory reporting requirements (i.e. 2052a and FR Y-15)
Facilitate greater collaboration between Product Control and the business to drive informed Management Information.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Complete the month end close process for balance sheet reconciliation and substantiation. Address all accounting/general ledger issues and ensure month-end close process is completed.
Drive process and system improvements through leading and participating in various project initiatives.
Develop quality financial management information reporting solutions to the business line, including accurate daily/weekly/monthly/yearly portfolio and consolidated level P&L and monthly balance sheet reporting.
Full ownership for providing P&L and related supporting information to trading desk, Risk Management and Finance including full decomposition of P&L by risk factors to ensure business partners have a clear understanding of the underlying drivers of the P&L. Preparation of market commentaries on a Daily, Monthly, Quarterly basis to explain significant PL movements & events.
Deep diving and problem resolutions in resolving day to day PL issues(following up with GWO/Front Office).
Continue developing and improving the Internal Control environment through critical evaluation of current controls and processes and utilization of best practice.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
What You’ll Bring:
Prior experience of general Product Control experience with a focus on Treasury Product Control.
Strong analytical, critical thinking, writing, communication and interpersonal skills.
Advanced knowledge with Excel (pivot tables, advanced formulas)
Familiarity with accounting principles (ledgers, trial balances, accounting data)
Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.