Job Description

Requisition ID: 165667

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

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you'll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we're passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

Global Banking and Markets

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.

Purpose

The incumbent is responsible for reviewing and approving Supply Chain Finance transactions, to provide a high level of Customer Service and contribute to the overall success of the Supply Chain Finance Services Centre, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• If required, process transactions within a wide range of complexity. These may include, but not limited to Payable Finance products, Trade receivable purchase products, Trade Loans or other Trade and Supply Chain Finance Structured Products.
• Thoroughly review and release transactions prepared by the SCF Analysts, making sure that they fall within the authorized limit, and escalate to the SCF Manager, if necessary.
• Operate various platforms and systems needed in order to perform daily functions: BESS, Input Facility, CorrRisk, CGI-T360, Prime Revenue, ACBS, Scotia Connect, etc.
• Exhibit ample understanding of all the facility structures and verify that all transactional documentation is complete, compliant, and appropriately authorized
• Perform (or assist with) the balancing of the G/Ls entries and the loans under each facility. Prepare regular monthly and ad-hoc reporting
• Contribute to the set up and maintenance the Facilities and Transactions Check list, the Shared Drive, Group email, Customer and Facility Folders
• Respond promptly and effectively to requests from customers, SCF Sales team and escalate any concerns and complaints to the Manager and Senior Manager in order to propose workable solutions
• 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, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.

Requirements

• University Undergraduate Degree in Finance or business-related studies or equivalent.
• Expert knowledge of Supply Chain Finance products and services
• Strong working knowledge of Bank's AML and Compliance policies
• Advance computer skills, particularly MS Office Suite - Excel, Access, Word, Power Point, etc.

Working Conditions

• Work in a standard office-based environment; non-standard hours are a common occurrence.

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 . 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.