Senior Analyst, Securitization

Requisition ID: 186378

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

The Senior Analyst performs the day-to-day operations of residential mortgage securitization activities for RESL in support of the capital and liquidity needs for the Bank.

The Senior Analyst is responsible for the accurate setup, maintenance and reporting of financial data related to the Mortgage Backed Securities (MBS) program and Covered Bond Program (CB). They will prepare and execute sales and purchase of mortgages between bank entities as requested and reconciles balances between GL accounts and prepares internal accounting reports.

The Senior Analyst works under the general direction of the Manger, Securitization and within the framework of existing Bank policies and procedures and approved transaction limits. They are expected to be self-motivated and work with a high degree of independent judgment and expertise in carrying out their accountabilities and in prioritization of workload. The Manager provides guidance on key or complex issues.

Is this role right for you? In this role, you will:

• Ensure we have sufficient fund code inventory to handle new pools created
• Assist Manager with requested analysis to Group Treasury , SMC Finance, and other bank areas on matters regarding securitization issues and audit related work

• Prepare daily valuation of Mutual Fund portfolio
• On monthly basis, ensure asset in the pool are meeting established asset eligibility criteria
• Prepare balance statements as requested
• On annual basis, prepare portfolio statement for audit purpose

3. Between the Bank and the Covered Bond programs

• Prepare monthly valuation of Cover Bond portfolio
• On monthly basis ensure asset in the pool are meeting established asset eligibility criteria
• As requested by Group Treasury, execute mortgage sales to top up the Cover Bond pools
• Ensure all purchases/sales are in compliance with detailed agreements
• Calculate all fees as required for servicing, guarantees etc.
• Prepare and execute all sales agreements as required
• Initiate automated entries through mHUB and prepare any required manual journal entries and send to SMC Finance, and other Bank divisions as required
• Prepare all files for completeness and appropriate documentation on time and in an orderly manner for ease of reference during audits

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• 
  Post-secondary education preferred with major in finance/accounting/business or equivalent Industry experience
• Accounting designation not required but preferred
• Strong focus on accuracy, timeliness, thoroughness; extreme attention to details and ability to multi-task. Understanding of and proficiency in financial mathematics; net present value calculations, annuities, internal rate of returns; understanding of market valuations, discount rates and basis points
• Advanced proficiency in personal computer skills, including spreadsheets, word-processing applications, databases, and systems
• Knowledge and experience in Securitization including structure of securitization deals, process, rules and regulations
• Solid communication/interpersonal/negotiating skills for managing bids and interacting with other Bank stakeholders (Scotia Bond Trade) on yield determinations
• Ability to perform well under stress
• A high degree of self-assurance/initiative and business sense is required to perform responsibilities independently within established parameters

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.