Scotiabank

Senior Financial Analyst, Product Control, Commodities and Currencies

Scotiabank$80K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • University undergraduate degree in finance or accounting
  • Solid understanding of accounting, mark-to-market accounting and risk-based P&L attribution
  • Strong understanding of bank reporting requirements and regulatory issues
  • Thorough knowledge of derivative, lending and inventory products and associated risks

Responsibilities

  • Champion a customer-focused culture to enhance client relationships
  • Maintain accounts and financial records per IFRS and internal policies
  • Produce accurate financial management information and reporting
  • Prepare actual and risk-based attributions for daily P&L reporting
  • Review procedures for efficiency and control, suggesting improvement methods
  • Consider the Bank's risk appetite in daily operations and decisions
  • Foster a high-performance environment and implement a team development strategy

Benefits

  • Inclusive and collaborative work environment that encourages creativity
  • Competitive rewards package including performance bonus and employee share ownership
  • Pension plan matching
  • Health benefits from day one
  • Access to career development and progression opportunities
Full Job Description
Requisition ID: 260554

Purpose

The Senior Financial Analyst will contribute to the overall success of the Product Control / Commodities and Currencies team in Canada and globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.

Is this role right for you? In this role, you will:

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Ensures that the accounts and financial records of commodities businesses are being maintained according to International Financial Reporting Standards, policies and procedures set by Scotiabank Executive Offices and the local regulators.
  • Produce quality financial management information to the business line, including accurate daily/weekly/monthly/yearly portfolio and consolidated level P&L and monthly balance sheet reporting
  • Prepare actual and risk based attributions by portfolio to explain and control the daily P&L reporting, investigating and reconciling results with front office estimates.
    Continuously review assigned desk procedures to ensure that they are effective, efficient and controlled. Suggest and develop on-going methods of improving accurate data collection globally, streamlining reporting, sharing best practices and cross-training team members.
  • 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, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
  • Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • University undergraduate degree in finance or accounting
  • Solid understanding of accounting, the concepts of mark-to-market accounting and risk based P&L attribution
  • Strong understanding of bank reporting requirements and the regulatory reporting issues of varied regulators is recommended
  • Thorough knowledge of derivative, lending and inventory products and the risks involved


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!


Your career matters! You will have access to career development and progression opportunities.

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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