Scotiabank

Assistant Manager, MCM - Fixed Income Middle Office - Dallas, TX

Scotiabank$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 2-3 years of MBS TBA allocations experience
  • Strong communication and interpersonal skills
  • FINRA NASD S99 License or ability to obtain
  • Proficiency in MBS Expert and Broadridge Impact

Responsibilities

  • Allocate Agency MBS trades across GNMA, FNMA, & FHLMC 15yr/30yr coupons
  • Capture trades for Agency MBS TBAs, RMBS, CMBS, and underwriting
  • Facilitate RTTM trade matching and reporting to FINRA Trace
  • Assist with trade input for various fixed income securities
  • Submit Treasury bids to the Federal Reserve and communicate results
  • Distribute fail reports to the sales and trading teams
  • Perform FOBO reconciliations to ensure trade flow accuracy

Benefits

  • Flexible benefit programs supporting family, financial, physical, mental, and social health needs
  • Focus on holistic well-being
  • Inclusive work environment promoting high performance
  • Opportunities for career progression within Scotiabank
  • Encouragement of diverse experiences and skillsets for applicants
Full Job Description
Requisition ID: 258197

Salary Range: -

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.

Purpose

Contributes to the overall success of the Fixed Income Middle Office in New York and globally 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.

What You'll Do

  • Allocate Agency MBS trades across GNMA, FNMA, & FHLMC 15yr/30yr coupons
  • Trade Capture of Agency MBS TBA's, RMBS, CMBS, underwriting and secondary trading
  • Facilitate RTTM trade matching, netting, and reporting to FINRA Trace
  • Assist the Fixed Income Middle Office team with trade input and capture of Rates, Repo, Corporates, Lat-Am, DCM New Issue Syndicate, CLO & ABS securities.
  • Assist the FI Middle Office team to submit Treasury bids to the Federal reserve TAAPS system per instructions from Trading Desk and communicate results.
  • Distribute fail reports and ensure the front office sales and trading teams are aware of all fail positions, follow up on aged items to promote settlement.
  • Coordinate with external clients to retrieve the trade allocations of block transactions and submit the allocated trades accordingly into the front-end risk capture systems.
  • Perform front-office to back-office system (FOBO) reconciliations to ensure that all trades entered flow to the back-office system.
  • Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champion a high-performance environment and contributes to an inclusive work environment.


What You'll Bring

  • College degree required: Bachelor's Degree
  • 2-3 Year minimum of MBS TBA Allocations/specified pools
  • Excellent communication and interpersonal skills, including strong written skills
  • FINRA NASD S99 License or ability to obtain
  • Proficiency in MBSE (MBS Expert), Broadridge Impact


Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

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): United States : Texas : Dallas

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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