Requisition ID: 232642
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Product Control Department is the Profit & Loss control group providing support to Scotiabank Global Banking & Markets and Group Treasury. This encompasses daily P&L reporting, risk attribution and analysis, valuation reserves & independent price verification (IPV), reconciliation of reported P&L to Front Office estimates and to the general ledger, the substantiation of balance sheet accounts, issue identification and resolution, and the maintenance of business performance and control MIS. Product Control operates within an evolving business environment and adapts to facilitate an evolving business and support their growth and expansion. The Incumbent will play a key role in the maintenance of an efficient and risk effective control environment for Group Treasury Product Control.
The Senior Analyst – Group Treasury Product Control is a member of Product Control team, responsible for providing P&L and Accounting support for a number of books and / or strategies for Group Treasury.

DO YOU HAVE THE SKILLS THAT WILL ENABLE YOU TO SUCCEED? WE’D LOVE TO WORK WITH YOU IF YOU HAVE EXPERIENCE WITH:

• Business Degree focused on Finance, Accounting, and/or Risk Analytics. A professional accounting designation is preferred. A CFA or FRM will also be an asset.
• Experience with P&L construction and risk attribution, capital markets accounting, balance sheet substantiation and IPV process.
• Relevant hands-on experience in Product Control (alternatively, Middle Office, Product Control, Finance or Operations) supporting banking or trading books
• Expert knowledge of P&L and Balance Sheet control
• A solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all of capital market products.
• Strong problem solving skills and proficiency with Excel.
• SQL and VBA coding experience would be a very significant plus.
• Strong communication skills and the ability to interact with a demanding Front-Office client base.
• Must have leadership ability, be self-motivated and be able to operate in a back-up capacity to the Manager

• Produce and report daily P&L.
• Provide confirmation of P&L integrity/ validation through risk based attribution.
• Reconcile the daily P&L to FO expectations with corresponding P&L explanatory to ensure P&L Sign-off by the Front Office.
• Coordinate and provide resolution of P&L breaks between FO and Product Control through collaborative dialogue.
• Ensure daily reported P&L is reconciled to the Bank’s General Ledger and associated source system sub ledgers.
• Adopt a proactive approach to ensure breaks are escalated and resolved on a timely basis as required by established workflows.
• Ensure balance sheet accounts are substantiated and that all accounting issues are resolved on a timely basis.
• Orchestrate and complete the Month-End Close Sign-off and MIS Package.
• Have a strong understanding of risk analytics to develop and implement infrastructure processes aimed at effectively capturing and reflecting risk profile of business.
• Produce, Review and Analyze IPV, Reserves and Fair Value Adjustments as may be required in agreement with Risk Management and as required by Bank Guidelines.
• Coordinate and provide timely resolution of Issues with the Front and Back Offices, and Risk Management.
• Support other financial reporting needs as may be required.
• Support the Manager and Senior Manager in establishing support for new products/business in a controlled manner and actively engage in requests for support, analysis and information from various constituents including the Front Office, Risk Management, Operations, Finance, Audit and Regulators.