Scotiabank

Business Analyst, Market Data Services, Global Banking and Markets (GBM) - Toronto, ON

Scotiabank • $80K — $95K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business Administration, Computer Science, or a related discipline desired.
  • 5+ years of knowledge in financial markets and market data industry.
  • Proficiency in MS Excel, MS Word, report design, and data visualization tools.
  • Strong skills in contracts administration and vendor management.
  • Exceptional communication skills, both written and verbal.

Responsibilities

  • Champion a customer-focused culture to enhance client relationships.
  • Maintain end-user permissions for major data vendors like Bloomberg and Refinitiv.
  • Serve as a subject matter expert on the TRG FITS market data system.
  • Lead the timely generation of regular and ad hoc reporting.
  • Collaborate with global lines of business to formalize approval processes.
  • Resolve end-user vendor service issues expeditiously.
  • Analyze vendor invoices for reconciliations and discrepancies.

Benefits

  • Collaborative work environment that promotes high performance.
  • Opportunities for process improvement and cost-saving strategies.
  • Engagement in a customer-focused culture and inclusive environment.
  • Opportunity to work on ad hoc projects related to Operations and Compliance.
Full Job Description
Requisition ID: 270080

Business Analyst, Market Data Services, Global Banking and Markets (GBM) - Toronto, ON

Global Banking & Markets

Global Banking and Markets (GBM) conducts the Bank's wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Purpose:

Contributes to the overall success of the Market Data Services Group/GBM based in Canada with global scope 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:
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Perform and maintain end-user permissions and changes for major data vendors (Bloomberg, Refinitiv, Standard & Poors/Moodys/Wood Mackenzie) with the ability to understand at a high level the major data vendor's key payment and entitlement/payment processes and system nuances
  • Be a subject matter expert with respect to the TRG FITS market data inventory system: in addition to diligently updating and maintaining TRG FITS, be accountable and responsible for all new module implementations/QA testing and related training efforts including impact assessments on the end user community and internal groups and system interfaces (Finance/ End Users and HR etc.)
  • Take the lead and accountability for accurate and timely generation of all ad hoc and regular reporting (monthly, quarterly, annual) and executive dashboards
  • Liaise with lines of business globally to help define and formalize approval processes, provide ad hoc/recurring reporting and analysis
  • Resolve end-user issues with vendor services in a timely fashion working with internal teams
  • Analyze invoices from vendors for reconciliations and investigate discrepancies
  • Allocate/process all incoming invoices specific to Market Data Service Licensing and Subscriptions Services using Finance SmartBuy system, ensuring prompt action to facilitate timely payment to Vendors by Finance groups
  • Define and maintain cost allocations for users and departments consuming market data and associated delivery platforms
  • Work directly with the Director and Senior Managers (Market Data Services) and provide assistance by utilizing analytical skill sets/ TRG FITS knowledge and help create cost saves initiatives/strategies , review of current and forecasted business and vendor spend patterns and assist in any potential process and procedural improvements in the Operations space
  • Take a lead role in the successful and timely implementation of any ad hoc projects and initiatives related to Operations/Compliance - Audit related activities
  • Design and maintain procedures for processes and business continuity for market data vendors covered.
  • 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 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:
  • Bachelor's Degree preferred (in Finance, Business Administration, Computer Science, or other related discipline)
  • Ability to work in dynamic internal team and group environments to further team objectives
  • Exceptional written, verbal and interpersonal communication skills
  • Strong knowledge of financial markets, principles, analysis, and market data industry (5 yrs+)
  • Strong knowledge and experience with MS Excel, MS Word, report design, and data visualization (graphs/charts)
  • Solid analytical and organizational skills, attention to detail, and applies a results-oriented approach
  • Strong contracts administration and/or vendor management experience
  • Effective time management skills with the ability to concurrently manage multiple projects with different deadlines


Work Arrangement:

This position is an largely an onsite role, with the expectation that you will work up to 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

#GBM

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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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