Analyst, Derivatives Settlements - Toronto, ON


Requisition ID: 24726

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose

GWO Derivatives Settlements Level 5 Analyst will be responsible for various Operational components related to the settlement of derivative product transactions. The Analyst will be expected to accurately complete settlements in a timely manner and will be responsible for all daily operational processes associated with their desk. The Analyst must have sound knowledge of derivative products, and must maintain and develop excellent working relations with various stakeholders both internally as well as externally. The Analyst will be expected to be a subject matter expert on all related processes and will be closely involved in multiple initiatives as they relate to the larger team.


Key Accountabilities


  • Responsible for completing day-to-day operational activities.  This includes but is not limited to completing daily settlements, assistance with reconciliation of daily/monthly/annual accounting breaks, investigation of settlement differences with clients, involvement with projects as they relate to the team, as well as any other assigned daily control points.


  • Responsible for effectively supporting, communicating with, and maintaining excellent working relations with front office, product control, technology and any other related stakeholders in order to ensure that all interconnected processes take place in an accurate and timely manner and that any discrepancies are addressed effectively.


  • Responsible to assist in payment releases and act as a back-up verification officer


  • Responsible for providing accurate and informative analysis to the Derivatives Settlements management staff as requested. 


  • Responsible for being the first point of contact in providing excellent customer service by effecting insightful feedback and accurate analysis in a timely manner on all customer requests as they relate to settlements, rate reset notices, and MTM reports.


  • Develop a sound understanding of the products supported/settled. (Cross Currency Swap, Single Currency Swap, Credit Default Swap, Inflation Swap, Total Return Swap, Forward Rate Agreement, Forex, FX Options, FX Commodity Options, Equity Options, Loans, Deposits, Swaption, Single Currency Extend, Single Currency Call, Cap, Floor, FX Strip).


  • Will consistently look for any opportunities for process improvements to maximize efficiencies.


  • Will be responsible for identifying and helping to mitigate any inherent operational risks as they relate to overall team.


  • Performs other duties as assigned.


  • Flexibility to work a shift  within an 8am – 6pm timeframe and Canadian Holidays


Functional Competencies

- Sound understanding of capital markets, derivative products would be an asset particularly Forex.

- Sound understanding of payment processing and SWIFT

- Basic accounting knowledge and Nostro reconciliations is also an asset.

- Ability to manage multiple tasks, meeting tight deadlines, working under pressure, and working with minimum supervision is essential.

- Excellent oral and written communications skills and interpersonal skills to deal effectively with various stakeholders.

- Solid computer skills (MS Office).

- Attention to accuracy and extremely detail oriented.

- Bilingual in either French or Spanish is an asset, but not mandatory



Education / Experience

Post-Secondary degree or minimum 2-3 years exposure in Capital Markets with specific focus on Forex.



Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. We value the unique skills and experiences each individual brings to the bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

Full time