Scotiabank
Associate, UK FX Sales
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Requisition ID: 269930
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Associate, UK FX Sales will contribute to the overall success of FX platform ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. You will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.
This role falls into scope under the Certification Regime and requires the individual to be internally ‘Certified’ as a significant harm function.
Accountabilities
- Maximize cross selling opportunities across GBM business lines to deepen existing relationships and cultivate new ones
- Conduct industry and product research to support business needs
- Assist in preparing client presentations, daily market commentary, and providing timely client support
- Perform various types of analysis using fundamental and technical data
- Monitor a variety of markets, economic releases, trends and factors that affect market movement
- Manage day-to-day responsibilities of the FX team, including but not limited to, trade booking, trade confirmation, CVA management, line sizing, and data management
- Assist in constructing strategies and marketing materials to promote development of senior level client relationships (e.g., Treasurer, CFO, and CEO)
- Provide assistance to sales, trading, and structuring staff on the trade floor in the execution of their day-to-day functions
- Develop and maintain internal client relationships with key support groups (Corporate Banking, Credit, Legal, etc.). Collaborate with all internal stakeholders to get relevant approvals required for new transactions or new structures being contemplated
- Contribute to a high-performance environment and foster an inclusive work environment; supporting the vision/values/business strategy for the team
- Execute transactions on behalf of clients. Generate and maximize trading profit and client revenues
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
- Understand the risk profile of customer transactions and put processes in place to manage those risks
- Protect the bank from loss and/or exposure to unnecessary risks through strict compliance with applicable acts, policies and regulations as applicable
- Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct.
- Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
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Dimensions
- Support the ongoing day-to-day operations of the UK FX Sales team
- Associated Person of the BNS Swap Dealer
- Maintain strict compliance under all applicable laws and regulations
- This role requires successful completion of the NFA Swaps Proficiency Requirement within 30 days of assuming the role and must be completed prior to engaging in in-scope activity
- Ensure the team remains compliant of all internal approvals (credit, market risk)
Education / Experience
- Undergraduate degree required
- MBA and/or CFA designation preferred
- Experience in FX or derivatives sales, other capital markets
- Knowledge of UK/European client requirements in FX risk management
- Minimum of 4 years relevant industry experience
- Team player who has a proven track record of collaborating with others
- Can maintain a calm disposition in a fast-paced environment
- Ability to quickly and effectively respond to enquiries with confidence
- Highly organized and results oriented with demonstrated flexibility in adapting to a constantly changing environment
- Excellent PC skills with strong working knowledge of Excel, PowerPoint and data analysis in particular
- Strong analytical and problem solving skills
- Accuracy, timely processing and attention to detail is critical
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Location(s): England : Greater London : London (UK)
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. If you require technical assistance, please click here. 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.
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