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Accounting Officer-Settlements - Toronto,ON

Date: Jan 9, 2019

Location: Toronto, ON, CA

Company: Scotiabank



Requisition ID: 44320


Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose

Responsible for accurate, efficient and timely settlement of all London transactions. Should be focused on minimizing dealing, operational, and settlement risks through accurate, efficient and timely settlement of all London transactions

Any other tasks that maybe assign by superior.


Key Accountabilities

  • To ensure timely settlement of trades to counterparties
  • Monitor and settle same day trades.
  • Ensuring action taken against all items outstanding as per cash reconciliation email.
  • Resolving any late payments/receipts related issues.
  • Responding to all customer queries.
  • Input/instruct invoices/ notes/trades/prefunding/transfers.
  • Instruct/post finance related invoices/expenses.
  • Prepare funding for all currencies (i.e. USD/EUR/GBP).
  • Monitor and transfer funds from/to Nostro accounts.
  • Monitor for incoming funds.
  • Instruct trades from first touch in OSP queue.
  • Monitor reject and pairing queue.
  • Ensure all Nostro accounts are funded and required balances maintained.
  • Monitor for receipts in various Nostro accounts
  • Input of Mid-rates.
  • Instruct month-end interest on customer accounts.
  • Monitor and resolve uninstructed items


Functional Competencies

  • Communication skills
  • Problem-solving skills
  • Organizational skills
  • Decision making skills
  • Managerial or supervisory skills


Education/ Experience

  • Undergraduate Degree, High School Graduation, Diploma
  • Designation, Licensing
  • Specific working experience; number of years of experience in the field
  • Specific bank and/or industry specific experience
  • Specific functional or product knowledge
  • Specific regulatory or compliance knowledge

Hours of Work 4:00am - 12:30pm (London time)

* Taxi to come in at 4:00am is provided

Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

Job Segment: Accounting, Bank, Banking, Law, Compliance, Finance, Legal

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