Title:  Assistant Manager, Trade Finance Operations (1 Year Contract)

Requisition ID: 235942

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

Purpose:

The Trade Finance Processing Assistant Manager will assume a leadership role within the team, overseeing the accurate and efficient processing of trade finance transactions. The Assistant Manager will contribute to the seamless execution of trade operations, collaborate closely with internal and external stakeholders and support the Trade Finance Processing Manager in ensuring smooth transaction processing and compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role you will:

• Assist the Trade Finance Processing Manager in leading and mentoring the trade finance processing analyst.

• Process a variety of trade finance instruments, including letters of credit, documentary collection and standby letter of credit / guarantees.

• Oversee the processing of a diverse range of trade finance instruments including letters of credit, documentary collection and standby letter of credit / guarantees.

• Review, validate and release a variety of trade finance instruments within delegated authority limits.

• Accurately input data from client’s application and relevant documentation into the trade finance systems.

• Ensure that transactions are executed in a timely and accurate manner, in adherence with established service level agreement.

• Collaborate with the trade finance service team, and other internal stakeholders to facilitate the seamless flow of transactions.

• Collaborate with risk management teams to implement risk mitigation measures and ensure compliance with trade finance regulations.

• Develops and maintains an expert level knowledge of trade finance products and services.

• Continuously provide a high level of Customer service while ensuring that operational and documentary requirements are met while mitigating bank risk and customer risk.

• Assist in tracking and analyzing key performance indicators (KPI) related to trade finance processing.

• Identify opportunities to enhance operational efficiency, accuracy and automaton within trade finance processing.

• 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, AMUATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AMUATF Global Handbook and the Guidelines for Business Conduct.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Sound knowledge of Trade Finance Products

• Strong Customer Service Focus.

• Good working knowledge of ICC rules, ISP98, URDG 758, URC525 and UCP 600.

• Proficiency in Microsoft Office applications: MS Office (Excel, Word, Power Point).

• Strong Interpersonal and communication skills.

Work Arrangement:

Work in a standard office-based environment; non-standard hours might occur from time to time.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is 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):  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.