Scotiabank

Manager

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Strong knowledge of valuation and risk analytics of financial instruments.
  • Business degree in Accounting or Finance preferred.
  • Progress in CFA or CPA considered an asset.
  • Hands-on experience in financial analytics, risk management, or accounting (1-3 years).
  • Proficiency in Excel and problem-solving skills.
  • Familiarity with Python, VBA, SQL considered a plus.
  • Solid understanding of bank accounting policies, regulatory requirements, and market practices.

Responsibilities

  • Produce and report daily P&L with integrity validation via risk-based attribution.
  • Reconcile daily P&L to Front Office expectations and resolve discrepancies.
  • Ensure balance sheet accounts are substantiated and accounting issues are resolved.
  • Orchestrate Month-End Close Sign-off and MIS Package preparation.
  • Conduct analysis of IPV, reserves, and fair value adjustments in coordination with risk management.
  • Support reporting needs and collaborate on new product launches in a controlled manner.
  • Facilitate communication and resolution of issues between Front, Back Offices, and Risk Management.

Benefits

  • Opportunity to join a forward-thinking company with an innovative team.
  • Diverse opportunities for professional development and career advancement.
  • Internal development programs to enhance skills and support growth.
  • Inclusive and collaborative work environment fostering creativity.
  • Commitment to community impact and making a difference for clients and staff.
Full Job Description
Requisition ID: 264595

Purpose

Manager - Product Control is a member of Product Control team, responsible for providing P&L and Accounting support for a number of books and / or strategies for Global Equity business. The Product Control Department is the Profit & Loss control group providing support to Scotiabank Global Banking & Markets. Product Control is responsible for P&L reporting, P&L and risk attribution and analysis, valuation & independent price verification (IPV), reconciliation of reported P&L to Front Office estimates and to the general ledger, the substantiation of balance sheet accounts, issue identification and resolution, and the maintenance of business performance and control MIS.

Is this role right for you? In this role you will:
  • Play a key role in the maintenance of an efficient and risk effective control environment. The incumbent will be responsible for:
  • Produce and report daily P&L. Confirmation of P&L integrity/ validation through risk based attribution. Reconciliation of daily P&L to FO expectations with corresponding P&L explanatory to ensure P&L Sign-off by the Front Office. Coordination and resolution of P&L breaks between FO and Product Control through collaborative dialogue.
  • Ensure daily reported P&L is reconciled to the Bank's General Ledger and associated source system sub ledgers. Adoption of a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established work-flows. Ensuring balance sheet accounts are substantiated and that all accounting issues are resolved on a timely basis. Orchestrate and complete the Month-End Close Sign-off and MIS Package.
  • Have a strong understanding of accounting and valuation of equity & derivative products to develop and implement infrastructure processes aimed at effectively capturing and reflecting risk profile of business.
  • Production, Review and Analysis of IPV, Reserves and Fair Value Adjustments as may be required in agreement with Risk Management and as required by Bank Guidelines. The coordination and timely resolution of Issues with the Front and Back Offices, and Risk Management.
  • Support other financial reporting needs as may be required.
  • Support other Manager and Senior Manager in establishing support for new products/business in a controlled manner and actively engage in requests for support, analysis and information from various constituents including the Front Office, Risk Management, Operations, Finance, Audit and Regulators.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Strong knowledge of valuation/risk analytics of various types of financial instruments and understand accounting treatments under different options.
  • Business degree focused in Accounting or Finance is preferred.
  • Progress in CFA or CPA will also be an asset.
  • Experience with Valuation, risk analytics and Accounting of Equity and Derivative products.
  • Minimum of 1-3 years in relevant hands-on experience Financial analytics, Risk Management or Accounting functions, ideally in Fund Accounting firm or financial institutions.
  • Strong problem-solving skills and proficiency with Excel.
  • Python, VBA, SQL ability would be an asset.
  • Progress in CFA or CPA will also be an asset.
  • Strong communication skills and the ability to learn fast.
  • Solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all of capital market products.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


Location(s): Canada : Ontario : Toronto

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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Manager jobs:

NationwideToronto, ON