Manager, XVA - Fixed Income Product Control - Finance
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Key skills for this role
About the Role
Scotiabank seeks a Manager for XVA - Fixed Income Product Control to produce daily P&L, risk attribution, and accounting support for capital markets books.
Key Skills for This Role
Responsibilities
- Provide daily P&L reporting and risk attribution and analysis, valuation & independent price verification (IPV)
- Reconcile reported P&L to Front Office estimates and to the general ledger, substantiate balance sheet accounts, identify and resolve issues
- Maintain business performance and control of MIS
- Supervise other P&L Analysts
- Manage reconciliation processes including independent pricing valuation and valuation of portfolios
- Ensure accuracy of daily reporting and accounting
Requirements
- Degree in Accounting, Finance, Economics, or a quantitative discipline
- Minimum 4 6 years of hands on experience in Product Control supporting a Capital Markets environment
- Understanding of XVA and Structured Finance products and collateral management
- Experience with P&L construction and risk attribution, capital markets accounting, balance sheet substantiation and IPV process
- Expert knowledge of P&L and Balance Sheet control
- Solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements
- Strong problem solving skills and proficiency with Excel; VBA or Python is a plus
- Strong communication skills and ability to interact with demanding Front Office client base
- Leadership ability and self motivation
Full Job Posting
Purpose
- The Manager, XVA Fixed Income Product Control is a senior member of the Product Control team, responsible for producing daily P&L to front office, TFRM and MRM and Accounting support for several books and/or strategies using multiple systems and sophisticated analytical modelling techniques.
- The role can be responsible for the supervision of other P&L Analysts and entails managing reconciliation processes including independent pricing valuation and valuation of portfolios.
In this role you will
- Provide Scotiabank Global Banking & Markets with daily financial estimates, accounting and control and analytics support.
- Daily P&L reporting and risk attribution and analysis, valuation & 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.
- Maintenance of business performance and control of MIS.
- Product control operates within an evolving business environment and adapts to facilitate an evolving business and support their growth and expansion.
- Provide a proactive and dynamic approach.
- Have the experience required to establish expert knowledge of the business profit model and the ability to deliver accurate P&L and Attribution Analysis for the assigned books.
Do you have the skills that will enable you to succeed in this role?
- Degree in Accounting, Finance, Economics, or a quantitative discipline including Mathematics, Science, Computer Science, and Engineering or Financial Engineering.
- Professional accounting designation is desirable; FRM/PRM or CFA would be an asset.
- Understanding of XVA and Structured Finance products and collateral management.
- Experience with P&L construction and risk attribution, capital markets accounting, balance sheet substantiation and IPV process.
- Minimum of 4 6 years in relevant hands on experience in Product Control (alternatively, Middle Office, Product Control, Finance or Operations) supporting a Capital Markets environment.
- Expert knowledge of P&L and Balance Sheet control backed by a Business Degree focused on Finance and Accounting and/or Risk Analytics.
- Solid understanding of Bank accounting policies, trading policies, market practice, regulatory requirements and the inherent risks associated with all capital market products.
- Strong problem solving skills and proficiency with Excel VBA or python is a plus.
- Strong communication skills and the ability to interact with a demanding Front Office client base.
- Leadership ability, be self motivated and be able to operate in a back up capacity to the Senior Manager.
What’s in it for you?
- The opportunity to join a forward thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to support your growth and enhance your skills.
- A competitive compensation and benefits package.
- An organization committed to making a difference in our communities– for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
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