Senior Analyst, Secondary Nostro Funding, GTB Payment Operations in Toronto

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

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

Purpose: Contributes to the overall success of daily cash management operations of Secondary Nostro management within GTB Payment Operations for designated accounts in North America ensuring specific individual goals, plans, and 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.

What You’ll Do:

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Executes secondary Nostro cash management operations, monitors account balances to meet EOD targets and works to maximize interest revenue on idle cash.
• Works with leaders to augment existing GTB Payment Operations functions and requirements with additional EOD processing and funding duties (e.g., ACSS / US).
• Utilizes Nostro management software and internal systems to track payment statuses and resolve payment issues.
• Collaborates with LoBs and Treasury to minimize overdraft interest and opportunity costs.
• Executes the initiation of funding/drawdown payments to/from secondary Nostro accounts in keeping the EOD target balances, ensuring accuracy and timeliness.
• Works with leaders to initiate payments or resolve issues/delays to payment processing while maintaining segregation of duties (initiation vs. movement of funds).
• Supports the operational components of account forecasting by working with Group Treasury, Network Management and the Account owners to develop and enhance capabilities, project future cash flows and liquidity needs of secondary Nostro accounts.
• Works with leader and Group Treasury representatives to refresh end-of-day cash balance targets on a periodic basis with inputs from LoBs to reduce idle balances, manage operational risks, avoid overdrafts, and optimize daily transactions required.
• Enhances forecasting capabilities by developing and maintaining interactions with “upstream” sales teams to provide alerts and notifications for upcoming large-scale transactions.
• Works with leaders to prepare regular operational reports that provide insights and analysis on secondary Nostro account activities, including cash positions, transactions, and actions taken to enable Ops to better monitor cash flows & improve decision-making via insights.
• Ensures compliance with internal and external reporting requirements, such as operational issues or exceptions, regulatory filings, and audit requests.
• Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles.
• Champions a high-performance environment and contributes to an inclusive work environment.

What You’ll Bring:

• Working knowledge of systems and technology are required (BESS, SWIFT, GPI, GDMS, etc.).
• Clear, concise communication skills are required to supervise effectively.
• Sound judgement and quick thinking must be exercised to ensure risk reduction associated with payment processing.
• Solid organizational skills, flexibility, and capacity to effectively delegate is required to manage operations and work volumes in an efficient and effective manner.
• Team building skills are required to establish and maintain harmonious working relationships with staff to achieve the department operating requirements/objectives.
• Graduate degree in business, accounting finance, etc. and/or work experience is also required.

Working Conditions:

Work in a standard office-based environment.

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What’s in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Scarborough