Scotiabank

Senior Analyst, Group Treasury Product Control

Scotiabank • $75K — $95K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 1-3 years in Product Control or related area such as Middle Office, Finance, or Operations.
  • Solid knowledge of fixed income products and derivatives.
  • Understanding of Treasury functions with valuation accounting methods knowledge.
  • Strong analytical skills and advanced proficiency in Microsoft Excel.
  • Excellent communication skills with capacity to build relationships with Front Office stakeholders.
  • Self-driven professional with a proactive mindset for fast-paced environments.
  • Experience in P&L reporting and risk attribution is an asset.

Responsibilities

  • Ensure compliance with accounting policies across assigned products.
  • Deliver accurate daily P&L and Balance Sheet reporting.
  • Perform P&L analysis and validation to maintain reporting integrity.
  • Reconcile daily P&L results to the General Ledger and sub-ledgers.
  • Manage balance sheet substantiation and month-end close activities.
  • Analyze Independent Price Verification (IPV) and fair value adjustments.
  • Support internal and regulatory reporting requirements.

Benefits

  • Career development opportunities within the organization.
  • Commitment to community engagement and social impact.
  • Comprehensive benefits starting on the first day of employment.
  • Focus on Diversity, Equity, Inclusion & Allyship within the workplace.
  • Commitment to accessibility and support for diverse talents.
Full Job Description
Requisition ID: 268382

The Senior Analyst - Group Treasury Product Control is a key member of the Product Control team, responsible for delivering timely and accurate P&L and accounting execution support across multiple Group Treasury portfolios or strategies. The Senior Analyst will be responsible for championing high standards of control, analytical insight, and continuous improvement through a proactive and strategic approach.

Is this role right for you? In this role you will:
  • Ensure compliance with approved accounting policies and valuation methodologies by maintaining accurate accounting treatment across assigned products and portfolios.
  • Deliver timely and accurate daily Profit & Loss (P&L) and Balance Sheet reporting for the assigned Treasury portfolio.
  • Perform detailed P&L analysis, attribution, and validation to ensure reporting integrity, identifying and resolving discrepancies in partnership with key stakeholders.
  • Reconcile daily P&L results to the General Ledger and supporting sub-ledgers, escalating and addressing exceptions in a timely manner.
  • Manage balance sheet substantiation and support month-end close activities, including account sign-offs, reconciliations, and management reporting.
  • Prepare, review, and analyze Independent Price Verification (IPV), valuation reserves, and fair value adjustments in accordance with Risk Management standards and internal policies.
  • Support internal financial reporting and regulatory reporting requirements as required.
  • Collaborate with business partners, management, and cross-functional stakeholders to facilitate new product implementations and business initiatives while ensuring a strong control and governance framework.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • 1-3 years of experience in Product Control or a related area such as Middle Office, Finance, Risk Management, or Operations, supporting trading desks or banking portfolios.
  • Solid knowledge of fixed income products, including securitized instruments such as Asset-Backed Securities (ABS), Mortgage-Backed Securities (MBS), Collateralized Mortgage Obligations (CMO), Covered Bonds, and Canada Mortgage Bonds (CMB), as well as derivatives and equity products.
  • Understanding of Treasury functions, including funding and hedging activities, with familiarity in related accounting treatments such as Amortized Cost, Fair Value Through Other Comprehensive Income (FVOCI), Fair Value Through Profit or Loss (FVTPL), and hedge accounting methodologies.
  • Strong analytical and problem-solving abilities, complemented by advanced Microsoft Excel skills.
  • Excellent verbal and written communication skills, with the ability to build effective relationships and confidently interact with Front Office stakeholders.
  • Self-driven and highly accountable professional with a proactive mindset and the ability to succeed in a fast-paced, dynamic environment.
  • Experience in P&L reporting, validation, and risk attribution, including the ability to explain key performance and risk drivers, is considered a strong asset.
  • Working knowledge of VBA, SQL, and/or Python is an asset.
  • Bachelor's degree in Finance, Accounting, or a related discipline is required.
  • Professional accounting or finance designation, such as CPA (preferred) or CFA, is highly desirable.
  • Must be available to work overtime during month-end and quarter-end periods, as required to support business needs.


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


Location(s): Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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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