Title:  Senior Analyst, Secondary Nostro Funding, GTB Payment Operations

Requisition ID: 275603 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Transaction Banking 

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose
Contributes to the overall success of daily cash management operations of Secondary Nostro management within GTB Payment Operations for designated accounts in North America ensuring specific individual goals, plans, and 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

What You'll Do

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Cash Management Operations

• Executes secondary Nostro cash management operations, monitors account balances to meet EOD targets and works to maximize interest revenue on idle cash
• Works with leaders to augment existing GTB Payment Operations (formerly known as Money Transfer Operations) functions and requirements with additional EOD processing and funding duties (e.g., ACSS / US)
• Utilizes Nostro management software and internal systems to track payment statuses and resolve payment issues
• Collaborates with LoBs and Treasury to minimize overdraft interest and opportunity costs

Payment Initiation

• Executes the initiation of funding / drawdown payments to / from secondary Nostro accounts in keeping the EOD target balances, ensuring accuracy and timeliness
• Works with leaders to initiate payments or resolve issues / delays to payment processing while maintaining segregation of duties (initiation vs. movement of funds)
• Assistance with manual/specialized payments within the team during peak times/testing
• Leverages GDMS (or equivalent) for payment initiation & payment throttling mechanism (via APS or equivalent platform) and provides inputs for future development

Account Forecasting 

• Supports the operational components of account forecasting by working with Group Treasury, Network Management and the Account owners to develop and enhance capabilities, project future cash flows and liquidity needs of secondary Nostro accounts
• Works with leader and Group Treasury representatives to refresh end-of-day cash balance targets on a periodic basis with inputs from LoBs to reduce idle balances, manage operational risks, avoid overdrafts, and optimize daily transactions required
• Enhance forecasting capabilities by developing and maintaining interactions with “upstream” sales teams (e.g., GBM / CAN Banking Sales) to provide alerts and notifications for upcoming large-scale transactions (e.g., M&A deals, bulk payments etc.) 

Operational Reporting

• Works with leaders to prepare regular operational reports that provide insights and analysis on secondary Nostro account activities, including cash positions, transactions, and actions taken to enable Ops to better monitor cash flows & improve decision-making via insights
• Ensures compliance with internal and external reporting requirements, such as operational issues or exceptions, regulatory filings, and audit requests
• 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 their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, 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 high-performance environment and contributes to an inclusive work environment

What You'll Bring:

• Working knowledge of systems and technology are required (BESS, SWIFT, GPI, GDMS, etc.)
• Clear, concise communication skills are required to be supervise effectively.
• Sound judgement and quick thinking must be exercised to ensure risk reduction associated with payment processing.
• Solid organizational skills, flexibility, and capacity to effectively delegate is required to manage operations and work volumes in an efficient and effective manner.
• Team building skills are required to establish and maintain harmonious working relationships with staff to achieve the department operating requirements/objectives.
• The Assistant Manager is also responsible for her manager’s daily responsibilities when she/he cannot be present
• Graduate degree in business, accounting finance, etc and/or work experience is also required.

Working Conditions:

• Work in a standard office-based environment.

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.

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.

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Location(s):  Canada : Ontario : Scarborough 

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.