Job Description

Requisition ID: 195706Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Analyst, Trade Finance Operations (12 Month Contract)(French and English) - Toronto, ONGlobal Banking and MarketsGlobal 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\xe2\x80\x99s 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!PurposeContributes to the overall success of the Standby Letter of Credit/Guarantee (SBLC) unit of the Trade Services Centre, Toronto, ensuring goals, plans, initiatives are executed / delivered in support of the team\xe2\x80\x99s business strategies and objectives further ensuring all activities conducted are in compliance with governing regulations, internal policies and procedures.What you\'ll do:

• Review and prepare sample language for Standby Letter of Credit/Guarantee and ensure that the terms are compatible with the broad parameters of the ICC & Scotiabank\xe2\x80\x99s policies and practice
• Processing SBLC related transactions in the T360 system including, but not limited to, issuance, Document examination, payment, cancellation, advising of SBLC instruments.
• Identifying regulatory, compliance and documentary risks inherent in transactions for appropriate escalation.
• Responding promptly and expertly to client, internal partner and correspondent bank inquiries, issues and complaints; developing workable solutions or escalating to Management as required.
• Building effective work relationships across the team and with various business line and corporate function contact.
• Act as back-up to other Trade Services Specialists as required.
• Excellent written and oral communications skills
• Good understanding of AML and OFAC Compliance regulations.

What you\'ll bring:

• Standby and Documentary Letter of credit technical experience, superior knowledge of Uniform
• Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), Knowledge of processing Demand Guarantees and URDG 758 .
• Conversant with trade related products, services and processes.
• Working knowledge of Bank\xe2\x80\x99s business related products and services.
• Working knowledge of the Bank\xe2\x80\x99s Anti Money Laundering and compliance policies and procedures.
• Proficiency in computer applications related to Trade Finance and Microsoft Office.
• 3-6 years of practical trade finance processing experience.
• Preferably a Certified Documentary Credit Specialist (CDCS)
• Bilingual French and/or Spanish is an asset.

Work Arrangement:This position is currently a Hybrid role, with the expectation that you will work two days a week in the office. Please note that this is subject to change based on the needs of the business.Interested?At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That\xe2\x80\x99s 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 \xe2\x80\x93 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 : TorontoScotiabank 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 . 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.

Scotiabank