Assistant Manager, MCM - Fixed Income Middle Office - Dallas, TX at Scotiabank | NY | Rezi

Assistant Manager, MCM - Fixed Income Middle Office - Dallas, TX at Scotiabank

Assistant Manager, MCM - Fixed Income Middle Office - Dallas, TX

Scotiabank · NY

1 months ago

Assistant Manager, MCM - Fixed Income Middle Office - Dallas, TX

Scotiabank · NY

a month ago
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About the Role

Contributes to the overall success of the Fixed Income Middle Office in New York and globally, ensuring individual goals and initiatives are executed to support team strategies and objectives. Ensures all activities comply with governing regulations, internal policies, and procedures.

Responsibilities

  • Allocate Agency MBS trades across GNMA, FNMA, & FHLMC 15yr/30yr coupons.
  • Trade Capture of Agency MBS TBA’s, RMBS, CMBS, underwriting and secondary trading.
  • Facilitate RTTM trade matching, netting, and reporting to FINRA Trace.
  • Assist the Fixed Income Middle Office team with trade input and capture of Rates, Repo, Corporates, Lat-Am, DCM New Issue Syndicate, CLO & ABS securities.
  • Assist the FI Middle Office team to submit Treasury bids to the Federal reserve TAAPS system per instructions from Trading Desk and communicate results.
  • Distribute fail reports and ensure the front office sales and trading teams are aware of all fail positions, follow up on aged items to promote settlement.
  • Coordinate with external clients to retrieve the trade allocations of block transactions and submit the allocated trades into the front-end risk capture systems.
  • Perform front-office to back-office system (FOBO) reconciliations to ensure all trades entered flow to the back-office system.
  • Facilitate the timely settlement of trades by resolving allocation, trade detail, and instruction discrepancies with clients.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue effective and efficient operations in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls.
  • Champion a high-performance environment and contribute to an inclusive work environment.

Requirements

  • 2-3 Year minimum of MBS TBA Allocations/specified pools.
  • Excellent communication and interpersonal skills, including strong written skills.
  • FINRA NASD S99 License or ability to obtain.

Skills

  • MBSE (MBS Expert)
  • Broadridge Impact

Location

  • Dallas, United States

Work Type

  • Full-time

Experience Level

  • 2-3 years

Education Level

  • Bachelor's Degree

Benefits

  • Flexible benefit programs designed to help support unique family, financial, physical, mental, and social health needs.

About the Company

  • Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years.
  • Scotiabank’s strong U.S. presence provides clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
  • Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of clients.
  • Products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals.
  • The company also cross-sells the full range of wholesale products and services offered by the Scotiabank Group.
  • Scotiabank is a leading bank in the Americas.
  • Guided by our purpose: 'for every future', we help 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.

Equal Opportunity

  • 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.