Title:  Analyst, Collateral Optimization, Global Banking and Markets - Toronto

Requisition ID: 260604 

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

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

The Collateral Optimization desk sits within the broader Collateral Management and Funding group and has the mandate to fund non Govt/Sovereign assets on behalf of Capital Markets into the secondary market (via SFT transactions) to mitigate Wholesale Funding drawdowns and looks to find solutions to reduce and neutralize liquidity metric footprints businesses have to overall balance sheet.

What You'll Do: 

• Manage and rebalance sourcing and use of collateral to meet portfolio mix, tenor, profitability, risk, liquidity, and resource management targets (balance sheet, wholesale funding, capital, FX Limits, leverage, and liquidity ratios).
• Provide accurate and transparent secured funding FTP while supporting the reduction of the RSF footprint for NSFR (equity as IA under UMR, QE balance sheet reduction) via ASF opportunities.
• Global business partnership to improve intraday liquidity, interoperability, and optimisation of assets and funding (including XVA visibility for IM and VM).
• Execute on trading strategy and strategic business decisions made by FRM group and Group Treasury.
• Sales and Relationship management – maintain and build key Bank client relationships, whilst also seeking out new client opportunities and pockets of liquidity.  Be visible and active in the market to keep up with Market trends.   Work internally across GBM to build relationships and find more ancillary business opportunities to help improve the overall GBM revenues.
• Broaden the participation in collateral trading/ matching platforms to improve benchmarking and increase industry visibility.
• Lead enhancements for improvements to data quality and metrics, technology solutions and business architectures.
• Implement systematic controls regarding utilization of assets during dividend and corporate action cycles while improving utilization in line with BNS source rates.
• Achieve Utility trading book concept of P&L flat - distributing costs transparently and fairly to business lines.  
• Monetize surplus collateral where applicable to reduce firm costs and/or generate P&L.
• Champion a customer focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge.
• Actively pursue 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 Code of Conduct.
• Contribute to a high-performance environment and fosters an inclusive work environment, supporting the vison/values/business strategy for the team.

Work Arrangement:
This position is currently an onsite role, with the expectation that you will work 5 days a week in the office. Please note that this is subject to change based on the needs of the business.

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

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.

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences everyone 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. 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.

Location(s):  Canada : Ontario : Toronto 

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.