Scotiabank

Manager, XVA - Fixed Income Product Control - Finance

Scotiabank$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Accounting, Finance, Economics, or a quantitative discipline
  • Professional accounting designation desirable; FRM/PRM or CFA preferred
  • Understanding of XVA and Structured Finance products
  • 4-6 years of hands-on experience in Product Control or related fields
  • Expert knowledge of P&L and Balance Sheet control
  • Strong problem-solving skills with proficiency in Excel; VBA or Python a plus
  • Strong communication and leadership skills

Responsibilities

  • Provide daily financial estimates to Scotiabank Global Banking & Markets
  • Perform daily P&L reporting and risk analysis
  • Reconcile reported P&L to Front Office and general ledger
  • Maintain business performance and control of MIS
  • Adapt to the evolving business environment to support growth
  • Deliver accurate P&L and Attribution Analysis

Benefits

  • Opportunity to join a forward-thinking company
  • Diverse opportunities for professional development
  • Internal development support for growth and skill enhancement
  • A competitive compensation and benefits package
  • Commitment to making a difference in communities
  • Inclusive and collaborative work environment that fosters creativity
Full Job Description
Requisition ID: 266350

Purpose

The Manager, XVA - Fixed Income Product Control is a senior member of the Product Control team, responsible for producing daily P&L to front office, TFRM and MRM and Accounting support for several books and/or strategies using multiple systems and sophisticated analytical modelling techniques. The Role can be responsible for the supervision of other P&L Analysts. The role also entails managing reconciliation processes including independent pricing valuation and valuation of portfolios. Accuracy review of booked transactions, investigation of discrepancies and resolution of a diverse number of issues to ensure accuracy of daily reporting and accounting.

Is this role right for you? In this role you will:
  • Provide Scotiabank Global Banking & Markets with daily financial estimates, accounting and control and analytics support.
  • Daily P&L reporting 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.
  • Maintenance of business performance and control of MIS.
  • Product control operates within an evolving business environment and adapts to facilitate an evolving business and support their growth and expansion.
  • Provide a proactive and dynamic approach.
  • Have the experience required to establish expert knowledge of the business profit model and the ability to deliver accurate P&L and Attribution Analysis for the assigned books.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Degree in Accounting, Finance, Economics, or a quantitative discipline including Mathematics, Science, Computer Science, and Engineering or Financial Engineering.
  • Professional accounting designation is desirable; FRM/PRM or CFA would be an asset.
  • Understanding of XVA and Structured Finance products and collateral management.
  • Experience with P&L construction and risk attribution, capital markets accounting, balance sheet substantiation and IPV process.
  • Minimum of 4- 6 years in relevant hands-on experience in Product Control (alternatively, Middle Office, Product Control, Finance or Operations) supporting a Capital Markets environment.
  • Expert knowledge of P&L and Balance Sheet control backed by a Business Degree focused on Finance and Accounting and/or Risk Analytics.
  • Solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all capital market products.
  • Strong problem-solving skills and proficiency with Excel - VBA or python is a plus.
  • Strong communication skills and the ability to interact with a demanding Front-Office client base.
  • Leadership ability, be self-motivated and be able to operate in a back-up capacity to the Senior Manager.


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
5 Year Trend
+7%
NASDAQ

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