Assistant Manager, Product Control, Asia Pacific (18 months contract))

Requisition ID: 207118

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of the Global Banking and Markets Finance Group in Singapore ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• 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 in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Work closely with front office trading personnel in producing daily, weekly and monthly P&L results and analysis across multiple asset classes - Fixed Income, Money Market and FX.

• Investigate and resolve P&L discrepancies arising from incorrect booking of trades, missing deals, system errors, or valuation issues.

• Independently validate trading position valuations through Price Testing and calculate required reserves.

• Generate ad-hoc reports to satisfy various financial and regulatory reporting requirements.

• Complete the month end close process for balance sheet reconciliation and substantiation.

• Ensure compliance with internal and external audits

• Driving process and system improvements through leading and participating in various project initiatives

• Continue developing and improving the Internal Control environment through critical evaluation of current controls and processes and utilization of best practice.

• Build and continually develop relationships with key senior stakeholders including the Front Office, Local & Group Finance, Tax, Treasury, Risk Management Group, Operations & IT.

Experience/Other Information

• Minimum 8 years experience working in a Capital Markets Product Control environment.

• Knowledge of vanilla and non-vanilla trading portfolios that include derivatives and structured products whilst understanding a portfolio’s risk based P&L attribution using Greek sensitivities.

• Understanding the accounting treatment under International Financial Reporting Standards for Capital Markets products and the relevant balance sheet treatment.

• Ability to develop and maintain constructive professional relationships with the Front Office and other support/control groups.

• Strong Excel skills required with VBA/programming skills a bonus.

Location(s): Singapore : Singapore : Singapore

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.