Requisition ID: 135532
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets Engineering (GBME) is the fast-moving, award-winning technology engine that powers Scotiabank’s Corporate and Investment Banking and Capital Markets businesses.
We’re looking for a Technical Analyst to join the Global Derivatives and Risk Technology (GDRT) team and ensure individual goals, plans, initiatives are executed / delivered in support of the GDRT’s business strategies and objectives. A key part of this role is ensuring all activities conducted are in compliance with governing regulations, internal policies and procedures.
In this role, as a Technical Analyst you’ll:
Assist the Senior Manager/Project Manager in resolving highly complex, multi-faceted problems to meet the needs of the supported Line of Business, by applying their financial and technological knowledge to the design of methodologies, models, and/or systems solutions. This may involve rapid prototyping, with requirements and solutions developed on an iterative basis that provides interim deliverables until a final production solution is created, which includes conducting research and analysis, accurately and clearly defining user requirements and processes, and liaising with the users.
Analyze deal term sheets and structured product confirmations which involves navigating, interpreting, and deriving the financial mechanics of a transaction outline in legal language and partner closely with front office and trade floor risk management teams to ensure portfolio limit monitoring is defined and applied appropriately.
Read and write VBA Code to update existing or add new functionality to MS Access and Excel based tools used to calculate margin requirements, settlement amounts and monitor portfolio limits and provide production support for systems and tools required by front, middle and back office business units in a timely manner and within pre-defined service level agreements.
Participate in the systems implementation process by developing test cases, performing testing, defining user procedures and workflows, developing conversion and implementation strategies, verifying conversion, providing user documentation, providing user training, and providing post-implementation support. Cy continually acquiring and enhancing knowledge of the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, Back Office processes, and rapidly changing technology, you’ll provide effective business solutions and services to the end user business lines.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day
Be responsible for undertaking small projects (< 100 workdays) and participating on large projects (> 500 workdays), with budgets of approximately $500,000. The systems developed are on-line real time, mission critical applications to support the trading and risk management operations where the consequence of implementing functionality based on inaccurate requirements could expose the Bank to significant losses or undue risk.
Guide Bank policy and receive general supervision from both the Director and the Senior Manager, and direction from individual Project Managers. You’re expected to function independently to ensure that the project's objectives are met, while ensuring that management is kept informed and that problems are escalated appropriately.
This role is based in a standard office-based environment; non-standard hours are a common occurrence. Concentrated use of sight and touch at a computer terminal on average 3-4 hrs/day is expected. The Technical Analyst must work under tight deadlines, conflicting priorities and changing project requirements and be able to react quickly to resolve problems and work overtime on occasion to meet deadlines and to implement systems with minimal impact to the end users.
Minimum Qualifications required for this role:
3+ years practical experience in capital markets.
Strong interpersonal and communication skills, ability to use diplomacy, judgement, and persuasion to secure stakeholder agreement and co-operation
Associate's Degree or Bachelor's Degree or technical institute degree/ certificate or equivalent post-secondary education in computer science, business, economics or mathematics.
Experience in capital markets technology
Advanced to expert knowledge of reading and writing VBA programming language
Experience interpreting legal language related to financial instruments
Project team collaboration experience with end users and technical staff
We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
We provide you with the tools and technology needed to create beautiful customer experiences
You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
Dress codes don't apply here, being comfortable does
We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (on pension & profit sharing), generous vacation, personal & sick days, personal development funding, maternity leave top-up, parental leave and much more.
Location(s): Canada : Ontario : Toronto
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. 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.