Treasury Settlement Specialist
2 months ago
About this Role
We are seeking a highly skilled Treasury Settlement Specialist to join our Settlements Operations team at Scotiabank. As a key member of this team, you will be responsible for ensuring the timely and accurate settlement of trade obligations, providing a professional and exemplary customer experience.
Key Responsibilities
- Process SWIFT payments/receipts and ensure settlement confirmations are in place.
- Monitor WSS MM and WSS FX settlements to ensure they are completed within market cut-off time.
- Identify FX trades booked in K2/PEAK (Derivative) for respective transits and prepare payments accurately in GTX (SWIFT platform).
- Process Negotiable Certificate of Deposit (NCD) via Austraclear (ASX) and ensure trade settle before Australia market cut-off time.
- Provide upcoming settlement email to clients for Derivatives settlement and ensure settlement confirmation is received before settlement date.
- Liaise with correspondent banks and counterparties to ensure settlement are completed.
- Manage exceptions.
- Prepare and post accounting entries in various bank systems.
- Investigate settlement discrepancies and TLM nostro breaks on a daily basis.
- Work directly with Front Office and Middle Offices regarding general enquiries and issues.
- Work directly with Confirmations utility to ensure settlements are processed in line with confirmations.
- Work directly with Static team on FSI setup in WSS.
- Provide funding report to Cash Management team for daily position squaring.
- Contribute to the weekly Investigation Log report to Treasury desk.
- Participate in system UAT testing or system migration.
- Notify Cash Management of any late bookings that may impact funding requirements.
- Process/release swift messages in the GTX system after ensuring supporting documents are provided.
- Ensure swift messages related to payments are approved by authorized signor within their limit and released within the stated cut-off timing.
About You
To be successful in this role, you will have experience with capital markets and derivative products, strong organizational skills, good time management, strong judgment skills, and the ability to make decisions under pressure to eliminate any risk/exposure to the Bank. You will also have good communication skills and the ability to escalate to Management/Front Office as deemed necessary.
What We Offer
We offer a dynamic and inclusive work environment, opportunities for professional growth and development, and a competitive compensation package. If you are a motivated and results-driven professional who is passionate about delivering exceptional results, we encourage you to apply for this exciting opportunity.
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