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Manager, XVA - Fixed Income Product Control - Finance
manager · Corporate Finance
Requisition ID: 266350
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Manager, XVA - Fixed Income Product Control is a senior member of the Product Control team, responsible for producing daily P&L to front office, TFRM and MRM and Accounting support for several books and/or strategies using multiple systems and sophisticated analytical modelling techniques. The Role can be responsible for the supervision of other P&L Analysts. The role also entails managing reconciliation processes including independent pricing valuation and valuation of portfolios. Accuracy review of booked transactions, investigation of discrepancies and resolution of a diverse number of issues to ensure accuracy of daily reporting and accounting.
Is this role right for you? In this role you will:
- Provide Scotiabank Global Banking & Markets with daily financial estimates, accounting and control and analytics support.
- Daily P&L reporting and risk attribution and analysis, valuation & independent price verification (IPV).
- Reconciliation of reported P&L to Front Office estimates and to the general ledger, the substantiation of balance sheet accounts, issue identification and resolution.
- Maintenance of business performance and control of MIS.
- Product control operates within an evolving business environment and adapts to facilitate an evolving business and support their growth and expansion.
- Provide a proactive and dynamic approach.
- Have the experience required to establish expert knowledge of the business profit model and the ability to deliver accurate P&L and Attribution Analysis for the assigned books.
Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
- Degree in Accounting, Finance, Economics, or a quantitative discipline including Mathematics, Science, Computer Science, and Engineering or Financial Engineering.
- Professional accounting designation is desirable; FRM/PRM or CFA would be an asset.
- Understanding of XVA and Structured Finance products and collateral management.
- Experience with P&L construction and risk attribution, capital markets accounting, balance sheet substantiation and IPV process.
- Minimum of 4- 6 years in relevant hands-on experience in Product Control (alternatively, Middle Office, Product Control, Finance or Operations) supporting a Capital Markets environment.
- Expert knowledge of P&L and Balance Sheet control backed by a Business Degree focused on Finance and Accounting and/or Risk Analytics.
- Solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all capital market products.
- Strong problem-solving skills and proficiency with Excel - VBA or python is a plus.
- Strong communication skills and the ability to interact with a demanding Front-Office client base.
- Leadership ability, be self-motivated and be able to operate in a back-up capacity to the Senior Manager.
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to support your growth and enhance your skills.
- A competitive compensation and benefits package.
- An organization committed to making a difference in our communities– for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
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.