Manager, U.S. Equities Product Control

 

 

 

Requisition ID: 215731

 Salary Range: 90,000.00 - 167,200.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

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

 

Global Banking and Markets 

 

Global 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’s 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! 

 

Purpose

 

Contributes to the overall success of GBM Product Control in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted follow governing regulations, internal policies, and procedures.

 

Reporting to the Senior Manager, US Equities Product Control, the incumbent is primarily responsible for daily P&L reporting, daily/monthly accounting, balancing and reconciliations for US Equities. Successful candidate will also have Convertible Bond and Options product knowledge.

 

The incumbent will interact with several functional areas within and outside of Product Control. The key internal relationships outside of Product Control will be with the Equities Front Office, Operations, Finance, Risk Management, and Change Technology teams.

 

What You’ll Do 

 

• Work closely with front office trading personnel in producing daily, weekly, and monthly PL results and analysis.
• Generate ad-hoc reports to satisfy various financial and regulatory reporting requirements. 
• Investigate and resolve P&L discrepancies arising from incorrect booking of trades or system errors. 
• Ensure compliance with internal and external audits.
• Ensures that the accounts and financial records of US Equities’ businesses are being maintained according to International Financial Reporting Standards, policies and procedures set by Scotiabank Executive Offices and the local regulators.  This includes preparing detailed Balance Sheet and PL schedules and reconciliations.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Perform Independent Price Valuation (IPV).
• 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. 

What You’ll Bring 

 

• Prior experience in Product Control, Financial Reporting or Audit is preferred. 
• Prior experience in Balance Sheet and PL attestati