Title:  Senior Manager, U.S. Equities Product Control

Requisition ID: 215730

 Salary Range: 117,400.00 - 224,700.00 

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 the Equities 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 follow governing regulations, internal policies, and procedures.

Reporting to the Director, US Equities Product Control, the incumbent is primarily responsible for designing and implementing process and systems solutions for daily PL reporting, daily/monthly accounting, balancing and reconciliations for US Equities. They will supervise daily/monthly PL production and review balance sheet attestations.

The incumbent will interact with several functional areas within and outside of Product Control. The key internal relationships outside of Product Control will be the Equities Front Office, Operations, Finance, Risk Management, and Change Technology teams.

What You’ll Do 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Ensures that the accounts and financial records of the US Equities business are being maintained according to International Financial Reporting Standards, policies and procedures set by Scotiabank Executive Offices and the local regulators.  
• Develop quality financial management information reporting solutions to the business line, including accurate daily/weekly/monthly/yearly portfolio and consolidated level PL and monthly balance sheet reporting.  
• Full ownership for providing PL and related supporting information to trading desk, Risk Management and Finance including full decomposition of PL by risk factors to ensure business partners have a clear understanding of the underlying drivers of the PL. Preparation of market commentaries on a Daily, Monthly, Quarterly basis to explain significant PL movements & events.
• Continuously review assigned procedures across the team to ensure that they are effective, efficient, and controlled.  Suggest and develop on-going methods of improving accurate data collection globally, streamlining reporting, sharing best practices and cross-training team members. 
• Deep diving and problem resolutions in resolving day to day PL issues (following up with GWO/Front Office).
• Heavy involvement in Transformation projects.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Supervises the preparation of Independent Price Valuation (IPV).
• 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 implements activity that assists in attracting, retaining, developing, and motivating their team by living the vison/values/business strategy of the team. 

What You’ll Bring 

• Extensive subject matter expertise on Equities, Convertible Bonds and Options products. 
• In depth experience with Broadridge, Qlikview, Global One, Peoplesoft & Oracle Financial Accounting Hub
• Extensive knowledge of the existing Scotiabank Equities’ infrastructure and operating procedures
• Advanced education (MBA) is preferred, but not required
• Prior management experience with 1-2+ individuals 
• Finra Series 99 required

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’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, please click here. 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.