Senior Manager, U.S. Equities Product Control

 

 

 

Requisition ID: 215730

 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.

 

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 the Equities 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 Director, US Equities Product Control, the incumbent is primarily responsible for designing and implementing process and systems solutions for daily PL reporting, daily/monthly accounting, balancing and reconciliations for US Equities. They will supervise daily/monthly PL production and review balance sheet attestations.

 

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

 

What You’ll Do 

 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Ensures that the accounts and financial records of the US Equities business 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 PL and monthly balance sheet reporting.  
• Full ownership for providing PL and related supporting information to trading desk, Risk Management and Finance including full decomposition of PL by risk factors to ensure business partners have a clear understanding of the underlying drivers of the PL. Preparation of market commentaries on a Daily, Monthly, Quarterly basis to explain significant PL movements & events.
• 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. 
• Deep diving and problem resolutions in resolving day to day PL issues (following up with GWO/Front Office).
• Heavy involvement in Transformation projects.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Supervises the preparation of Independent Pri