Assistant Manager – Corporate Actions Processing

Job title:

Assistant Manager – Corporate Actions Processing

Company

Scotiabank

Job description

Requisition ID: 205854Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Purpose:Contributes to the overall success of the Asset Services – Corporate Action Processing team in Toronto, Canada for Global Wholesale Operations ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The assistant manager of Asset Services – Corporate Action Processing is responsible for the day-to-day processing of Corporate Action events from balancing events, compiling client and counterparty instructions, submitting elections at the depositories and ensure the payments are processed accurately at the time of payment taking account of tax consequences that could affect the payment. Ensures all activities conducted follow governing regulations, internal policies, and procedures.Is this role right for you? In this role, you will:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Daily interpretation and notification of Corporate Acton Events.
• Reconciliation of books and record positions on multiple internal systems and depositories.
• Liaise with counterparties on deadlines, elections, and payment processing.
• Process all voluntary and mandatory (if applicable) instructions on a timely and accurate basis.
• Monitor, calculate and process daily payments
• Confirm all payments were processed correctly, balance general ledger and adjust out of balances.
• Problem solve unusual discrepancies including identifying the cause of the problem and what is required to prevent recurrence
• Maintain strong relationships with the desks, operations teams, and all support groups.
• 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, 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.
• Champions a high-performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Post-Secondary degree or diploma in Banking or Finance
• Subject matter expert well versed in the entire lifecycle of all Voluntary Corporate Action Events.
• In depth knowledge of DTCC platform (CA Web/smartrack).
• Track record of strong reconciliation and analytical skills.
• Strong Excel Skills (Must be comfortable with pivot tables and V Lookups)
• Broadridge BPS experienced user and Swift Corporate Action messaging.
• Experience with foreign custodian Corporate Action processes and procedure (CDS, BNP, HSBC, Clearstream, Euroclear)
• Understanding of Tax in regard to Corporate Actions events (Section 302. Etc).

Work Arrangement: This position is currently a Hybrid role. Please note that this is subject to change based on the needs of the business.Interested?At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is 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): Canada : Ontario : TorontoScotiabank 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, please . 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.

Expected salary

Location

Toronto, ON

Job date

Fri, 30 Aug 2024 04:01:28 GMT

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