Title:  Senior Accounting Officer, USD Clearing - Term Position

Requisition ID: 263399 

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

The Senior Accounting Officer, US Clearing provides support to balance all US Market trades across all business lines, ensuring that appropriate trading groups are notified and aware of discrepancies, and to have them resolved in a timely manner. Process trade corrections in a timely manner. Work as part of a team providing back up and support for all functions within the Contracts and Derivatives Clearing Department. Assume new roles and responsibilities as assigned, driven by new and changing business requirements.

This is a 12 month term position. 

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

• Perform daily trade and position reconciliations across internal systems (e.g., Broadridge) and external clearinghouses (DTCC, NSCC) ensuring all US listed market trades are accurately matched
• Investigate breaks and discrepancies by analyzing transaction flow, settlement entries, accounting entries, and system interfaces
• Ensure all internal accounts are balanced and cleared in a timely manner, escalate unresolved items as needed
• Collaborate with internal teams to resolve discrepancies
• Maintain a strong understanding of clearing workflow and settlement cycles across equity products
• Contribute to team knowledge sharing and training, supporting cross-functional initiatives including but not limited to derivatives clearing, PS edit desk, CAD clearing desk, trade corrections

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

• A Bachelor’s degree or College Diploma in Finance, Accounting, Economics, Mathematics, or related quantitative discipline
• Canadian Securities Course (CSC) or working towards is an asset
• Experience with trade reporting systems such as Arrow, AS400, BPSA, Webpost, On Demand OAES and Broadridge products (pertaining to trade processing)
• Solid working knowledge of Microsoft Office products
• Advanced Excel Expertise – Proficient with XLOOKUP, VLOOKUP SUMIFS/COUNTIFS etc. for reconciling large datasets
• 2-5 years of experience in clearing, settlements, or trade support, with exposure to derivatives or equities
• Strong understanding of post-trade life cycle events
• Familiarity with CNS accounting, trade netting workflows
• Hands-on experience with clearing and reconciliation platforms (e.g., Broadridge, TMS, ARROW, or equivalent)
• Knowledge of Brokerage industry, particularly related to trade processing, balancing and security codes

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.