- Job Title: Analyst Collateral Operations
- Salary: Not Disclosed
- Location: Toronto, ON
- Company: Scotiabank
- Qualification: Bachelor’s Degree
ABOUT SCOTIABANK
Scotiabank is one of Canada’s biggest and most relied-on monetary establishments, offering a wide variety of banking services and products to individuals, agencies, and institutions. Founded in 1832 and founded in Toronto, Scotiabank operates in over 30 worldwide places, with a sturdy presence in the Americas, Europe, and Asia. The monetary group offers a whole lot of offerings, which include retail banking, wealth control, company and funding banking, and treasury services. Known for its willpower to innovate,
Scotiabank focuses on delivering purchaser-centric solutions and leveraging the era to enhance the banking enjoy. The financial group is identified for its strong employer tradition, variety, and network involvement, with a focus on sustainability and accountable banking practices. Scotiabank’s worldwide gain, financial information, and popularity for integrity make it a main player within the international economic services industry.
Job Overview:
An Analyst Collateral Operations is chargeable for handling collateral management strategies, ensuring correct and timely execution of collateral transactions, and mitigating chance in monetary markets. This characteristic involves monitoring collateral calls, handling margin requirements, and retaining proper documentation. Analysts ensure compliance with regulatory standards and internal regulations whilst helping day-by-day change settlements and reconciliations. Additionally, they collaborate with chance control, buying and selling desks, and counterparties to cope with discrepancies and optimize collateral overall performance. Strong attention to elements, analytical abilties, and records of monetary devices are vital for fulfillment in this position.
Qualifications and Skills for Analyst Collateral Operations:
Educational Background:
- Bachelor’s Degree – A degree in finance, economics, commercial company control, accounting, or an associated subject is usually required.
- Certifications (non-obligatory however useful) – Professional certifications like the Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) can enhance a candidate’s profile and monitor a dedication to professional improvement.
Technical Skills:
- Financial Market Knowledge – A stable expertise of monetary contraptions, inclusive of derivatives (e.g., swaps, futures, options), and securities (e.g., bonds, equities) is critical for the function.
- Collateral Management Systems – Proficiency in collateral management structures like Murex, Calypso, or AcadiaSoft is essential for inexperienced transaction processing.
- Microsoft Excel – Advanced Excel skills are important, specifically for statistics evaluation, reconciliation, and reporting. Knowledge of Excel macros and VBA programming can be an brought benefit.
- Risk Management Tools – Familiarity with threat manipulation and margining strategies, as well as the capacity to assess counterparty risk, is essential to the position.
- Reconciliation and Reporting – Understanding reconciliation procedures among internal structures and outdoor counterparties is vital. Experience in making ready reports on collateral positions, margin requirements, and exposures is distinctly valued.
Analytical Skills:
- Attention to Detail – Collateral operations require a meticulous interest in elements to ensure accuracy in processing transactions, margin calls, and reconciliations.
- Problem-Solving – Strong problem-fixing competencies to turn out to be privy to discrepancies in collateral positions, investigate problems, and find answers in a timely way.
- Data Analysis – Ability to research big datasets, interpret trends, and derive actionable insights to optimize collateral management.
Communication Skills:
- Stakeholder Management – Effective communique with inner agencies (hazard, operations, shopping for and promoting desks) and outside counterparties is vital for resolving problems and making sure of smooth techniques.
- Clear Reporting – Strong written and verbal communique abilties are crucial to providing correct reviews, summaries, and updates for senior control and stakeholders.
Regulatory Knowledge:
- Compliance and Regulations – Knowledge of regulatory requirements associated with collateral, collectively with the Dodd-Frank Act, EMIR, and Basel III, is important for ensuring adherence to enterprise standards and keeping off compliance risks.
Personal Attributes:
- Teamwork – Collaborative thoughts set to artwork throughout parties and with diverse stakeholders.
- Time Management – Ability to prioritize responsibilities, especially excessive-strain situations, to satisfy deadlines.
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