Job Description

Requisition ID: 200864Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Purpose:The Assistant Manager, OTC Confirmations, is responsible for maintaining controls, resolving confirmation issues, coordinating legal reviews, drafting and approving OTC Equity and Interest Rate derivatives\' ISDA trade confirmations, and contributing to the department\'s continuous improvement of processes and controls.Is this role right for you? In this role, you will:

• Ensure all trades are recognized by trade counterparties, economic terms of all transactions are matched on, and all breaks are identified, reported, and resolved
• Generate, review, and execute trade confirmations in accordance with Bank policy
• Ensure the Bank is reconciled with external electronic trade execution and affirmation/confirmation platforms
• Train staff to minimize errors and maximize quality and adherence to regulations, policies and standards
• Escalate and resolve issues
• Investigate issues such that root causes are identified and appropriate actions are taken to prevent recurrence
• Assign and prioritize work, while balancing the workload and dynamically shifting cross trained staff to minimize risk and ensure consistent high quality customer service
• Review control/KPI/KRI reports circulated to management and the business to highlight risk and drive issue resolution
• Maximize STP rates and the use of automation to ensure controlled efficient operations
• Identify and implement opportunities for improvement in controls, customer service, productivity, and cost effectiveness
• Ensure customer issues are identified, reported, and escalated, and resolution is coordinated with internal stakeholders and the relationship owners

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

• Business/Finance, Law or Engineering University Degree, or a related educational background
• Expert knowledge of OTC Equity and Interest Rate Derivatives\' ISDA trade confirmations
• Strong computer, data analytics, and process re-engineering skills

Work Arrangement: This position is currently a Hybrid role. 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 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 : 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.

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