Finance Senior Manager, US GTB Product Control

 

 

 

Requisition ID: 214518

 Salary Range: 117,400.00 - 224,700.00 

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.

 

Senior Manager, US GTB Product Control - New York, NY

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Corporate and Commercial clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

 

As our clients transform their operating models, expand globally and deploy digital capabilities and their cash management needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline treasury processes, simplify payments, improve working capital performance, and mitigate financial risk.

 

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

 

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

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 are in compliance with governing regulations, internal policies and procedures.

 

Reporting to the Director, US Head of Product Control, the incumbent is primarily responsible for designing and implementing process and systems solutions for daily P&L reporting, daily/monthly accounting, balancing and reconciliations for US Global Transaction Banking. 

 

The incumbent will interact with a number of functional areas within and outside of Product Control. The key internal relationships outside of Product Control will be with the Front office desk of GTB, GWO, GFRT and TFRM.

Accountabilities: 

• Supervises preparation of P&L and related supporting information, for the Trading desk, Risk Management and Finance, including full decomposition of P&L by risk factors. Ensure business partners have a clear understanding of the underlying drivers of the P&L. Preparation of market commentaries on a Daily, Monthly, Quarterly basis to explain significant PL movements & events. Will manage a team of 1-2 analysts.
• Ensures that the accounts and financial records of US Global Transaction Banking (BNS Houston & New York Agency) businesses are being maintained according to International Financial Reporting Standards, policies and procedures set by Scotiabank Executive Offices and the local regulators.  
• Develop quality financial management information reporting solutions to the business line, including accurate daily/weekly/monthly/yearly portfolio and consolidated level P&L and monthly balance sheet reporting  
• Deep diving and problem resolutions in resolving day to day PL issues (following up with GWO/Front Office).
• Champions a high-performance environment and implements activity that assists in attracting, retaining, developing and motivating their team by living the vision/values/business strategy of the team. 
• Continuously review assigned procedures across the team to ensure that they are effective, efficient and controlled.  Suggest and develop on-going methods of improving accurate data collection globally, streamlining reporting, sharing best practices and cross-training team members. 
• 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. 

Education & Experience:

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