Analyst, Settlements & Clearing – Post Settlement – Scotiabank

Title of the Job: Analyst, Settlements & Clearing – Post Settlement

Location: Toronto, ON

Job Description: Requisition ID: 208355Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Purpose:Contributes to the overall success of the Post Settlements team in Toronto, Canada 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.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.

• Responsible for managing and addressing day-to-day discrepancies in a timely manner.

• Identifying and Implementing changes to operating procedures to increase efficiency and minimize inherent risk to the bank.

• Solving problems of an unusual nature including identifying the cause and what is required to prevent recurrence.

• Ability to analyze cross departmental processes which may have created the exception and understand action required to resolve.

• Reconcile and settle monthly borrowing and lending billing, along with fail claims.
• 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.

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

• Excellent communication skills, with strong negotiation and strategic influencing skills.
• Expert knowledge of Bank’s products, policies and services.
• Good understanding and awareness of strategic and tactical business planning and executional issues/processes.
• Adaptability to operate in a rapidly changing environment regarding policies, procedures, automation, and client needs
• Results focused to identify and take action on any issues/concerns/processes in a timely matter.
• Very good analytical & problem solving skills and sound judgment needed to critically examine reconciliations, their operations & processes including in depth knowledge of the settlement department processes and inputs from up and downstream systems.
• Undergraduate degree in Business

Work Arrangement:

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• The securities industry is a complex business and operates within a quasi-structured but rapidly changing environment with very tight deadlines where errors can result in substantial losses
• New systems, procedures, conventions, regulations and continual changes in technology, processes and the industry cause the frequency and degree of change within the operation of the department / division, thereby adding / increasing stressful situations. Constant demands on continually improving and implementing systems and procedures, requires on-going re-evaluation and prioritization of tasks and requires the incumbent to exhibit flexibility and the ability to work under tight times frames, complete reconciliations and processing adjustments within critical deadlines to avoid the risk of losses.
• The incumbent must be able to work with minimal supervision, manage several priorities simultaneously and faces frequent interruptions from staff, management and customers.

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.

Company Name: Scotiabank

Salary:

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