Analyst, Operations Control Reconciliation (GWO)

Job title:

Analyst, Operations Control Reconciliation (GWO)

Company

Scotiabank

Job description

Requisition ID: 198313Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Reconciliation Analyst, Operations Control Reconciliation (GWO)Global Banking and MarketsGlobal 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:The Reconciliation Analyst is responsible for reconciling and overseeing all complex facets associated with the cash and security clearance & ledger activities and in so doing ensure an appropriate level of operational efficiency, strict adherence to Bank and regulatory policies and procedures and escalation of issues to management consistent with our internal and external customers’ needs is maintained and effective procedural and management controls are in place.What you’ll do?

• Completing various complex reconciliations / adjustments (as assigned)
• Participate in physical securities count and monitor outstanding reconciling adjustments
• Proactively assist other team members as required and assist with staff training / cross training
• Identifying and pursuing opportunities to improve processing efficiency and / or reduce risk
• Supporting the implementation of new processes/ systems including conversions & project related activities as required
• Understanding departmental and client needs while collaborating with our business partners to focus on building strong relationships and encourage positive experiences
• 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, compliance, AML/ATF/sanctions and conduct risk
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Preparation / completion of the Regulatory / Internal reporting including audit related activities and participating in mid/year end activities (i.e. physical security counts)
• Effectively assist the Assistant Managers and Management Team in monitoring related risk and minimizing losses by ensuring procedural and management controls are followed and timely distribution of all reconciliations to business partners
• Ensure control accounts and aged reconciling items are reviewed daily and follow escalation procedures for any potential process deficiencies
• Proactively work with other processing areas towards uncovering root causes to reduce demand workload and prevent risk exposure through timely and on-going monitoring / analysis of errors.
• Establishing and maintaining a high degree of processing / correcting adjustments in an accurate and timely manner
• Responding knowledgeably, promptly, and professionally to client inquiries and provide technical expertise and specialized assistance relative to the various reconciliation / reporting processes

What you’ll bring:

• Proficient in Microsoft Office Suits (Word, Excel, PowerPoint)
• Overall knowledge of securities, accounting and finance, with some back-office experience.
• Must be able to work independently and adapt to the various tasks assigned
• Strong communication (verbal/written/presentation)
• Analytical and problem-solving skills are necessary
• Organized, able to multi-task, work well under pressure, and handle multiple projects/initiatives all within tight deadlines and minimum supervision
• Provide back up for positions during absences / vacations as required. Sundry duties as assigned.
• Overtime and weekends required as necessary
• 3-5 years of Reconciliation and Accounting Background Experience
• Bachelor’s degree in Finance, Accounting or related discipline.

Work Arrangement:This position is currently a Hybrid role, with the expectation that you will work in the office. Please note that this is subject to change based on the needs of the business.Interested?If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply – you might be the right candidate for this or other roles at Scotiabank! 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.Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.

Expected salary

Location

Toronto, ON

Job date

Thu, 02 May 2024 22:53:10 GMT

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