Title:  Officer IV, GWO

Requisition ID: 269218 
Employee Referral Program – Potential Reward: $2,500.00  

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose

Contributes to the overall success of the GWO Shanghai in China 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.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• 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 implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Ensuring all accounting systems are operated correctly on a daily basis; to do so, the incumbent must have a good knowledge of accounting procedures and a basic knowledge of corporate banking and commercial products and services;
• Ensure the daily work is completed satisfying internal procedures and external regulatory requirements;
• Ensure daily internal and external reports to be prepared and submitted on time;
• Prepare daily transactions, entries in core system;
• Process loan accounting and administration functions, ensuring routine operations conform to established regulations and that operating efficiency and accuracy is achieved by:
• Be familiar with all approved operating procedures in relation to loan transactions such as commercial loans, syndication, agency loans;
• Ensuring all entries relating to loan transactions posted on the BankMaster system are accurate, correct, legitimate and properly authorized, and that all other data/ changes input into the system are correct, legitimate and properly authorized;
• Processing loan activities including payments of principal and interest, rollovers, interest rate fixing and fees collection etc;
• Ensuring timely collection and distribution of principal payments, interest and loan fees in relation to agency loan;
• Ensuring the maintenance of all areas (i.e. either principal or interest) records and follow up for receipt/payment, and escalating non-payment to Account Management for necessary action, when required;
• Assisting in ongoing monitoring of compliance with the terms and conditions specified in credit authorization with reference to the Loan Agreement as is regularly required;
• Ensuring timely receipt and safe custody of required loan documentation and collateral, both negotiable and non-negotiable;
• Performing detailed check of loan related returns prepared by other clerical staff, ensuring that the returns are completed in an accurate and efficient manner with the prescribed submission deadlines;
• Ensuring the customer limits are accurately input and updated to the BankMaster system, in accordance with the Credit Authorization
• Ensuring the accurate processing, posting and maintenance of daily transactions originated by customers;
• Accounting for all negotiable items, stamps, cash keys, combinations and use ID’s consigned by exercising security precautions in accordance with Bank Regulations and assigned limits;
• Processing transactions within approved limits;
• Processing transaction according to customer’s instruction and in line with internal/external/regulatory requirements;
• Produces regulatory reports in accordance with SOPs/production schedule/regulatory reporting deadlines;
• Gathers data, performs quality control functions & compiles data for report submission;
• Ensures report timeliness, completeness & accuracy of submission.
• Ensure the workflow within the department is kept smooth and efficient through:
• Coordinate with  BNS GZ to ensure all daily transactions are processed timely and accurately;
• All trades are confirmed in accordance with the Bank's procedures and standard requirements;
• Trading limits are closely monitored and updated accurately;
• All counterparty credit and trading limits are maintained in BankMaster system and that documentation is on hand to validate same;
• All temporary carve out and borrowing of limits are updated correctly and the appropriate confirmation with the lending office is maintained;
• Confirmations/tracers are sent and followed up as per laid down procedure
• Assist internal and external on-site audit or inspection;
• Taking full responsibility for assigned customer enquire, concerns and complaints by resolving those matters within assigned time frames and standards;
  Other ad-hoc work assigned by supervisor;

Education / Experience 

• The incumbent requires a thorough knowledge and understanding of all basic accounting procedures and local regulatory reporting, therefore requiring a more seasoned employee.
• In addition, he/she requires a working knowledge of banking products. The ability to utilize video display terminals to input/retrieve account and other standard information is also required.
• Good organizational ability are required to effectively assist/train personnel. He/she must be flexible in a constantly changing environment (procedural and automated systems).

Location(s):  China : Shanghai : Shanghai || China : Beijing : Beijing || China : Chongqing : Chongqing || China : Guangdong : Guangzhou || China : Shaanxi : Xi’an 

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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