Title:  Associate, North American Short-Term Funding & Interest Rate Risk

Requisition ID: 249271

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

The Associate, North American Short-Term Funding and Interest Rate Risk will support the effective management of the North American Short- Term Funding and Short-Term Interest Rate Risk Desks. The individual will play a key role in trade capture and developing relationships with the Operations centres, risk management and all other units as required to support the effective management of the Desks. In this role, the Associate is expected to produce, maintain and distribute accurate and timely financial and management reports for decision making and deal execution. This role contributes to the overall success of Group Treasury / Markets (GT Markets), ensuring specific individual goals, plans and initiatives are executed and delivered in support of the team’s business strategies and objectives.

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

• 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.
• Key person to ensure that all trades are captured into internal systems.
• Developing Management Reports and presentation on a planned and ad hoc basis to support decision making.
• Supports day-to-day operations, including deal booking, monitoring and review of risk and financial reports
• Act as primary liaison between STF and STIRR desks and Operational support groups (e.g. GWO Funding Operations, Middle Office).
• Contributes to GT Markets team by driving operational efficiencies through automation using key technologies (Excel, VBA, Power Query, SQL).
• Support the North American Short Term Funding program with timely and data driven analysis
• Identifies and escalates to [AD/D] STIRR any risk, settlement or financial reporting issues while concurrently ensuring corrective action and follow up investigations are completed in a timely manner.
• Monitors cash flow forecasting, daily analysis of cash gap positions, highlighting emerging changes and risks.
• Occasionally document and improve desk operating procedures and manual
• Stay well informed of current industry developments and relevant regulatory initiatives and ensure readiness to achieve compliance with new regulations, alerting Management to any pertinent upcoming changes.
• Be a valued partner within GT: facilitates and encourages collaboration and communication within GT and with the rest of the bank.
• Actively pursues effective and efficient operations of his/her respective area 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

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

• Undergraduate degree in Finance, Economics, or another quantitative discipline
• Previous work experience in Treasury and/or Finance within the banking industry is a strong asset.
• Proficient in data analytics using advanced Excel features, and programing/coding skills (e.g., SQL, SAS, MS Office) are definite assets.
• Accuracy, attention to detail and sound judgment are a must.
• A team player with a demonstrated ability to effectively manage internal relationships by collaborating within the department and across business units.
• Strong interpersonal, communication and organizational skills and the ability to work within various group settings.
• Strong willingness to ask questions, explore areas for improvement and provide recommendations

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements. 

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.