Manager, Interest Rate Derivatives - Fixed Income Product Control

Responsibilities

• Provide daily P&L reporting, risk attribution, and analysis to the Front Office and management teams.
• Perform independent price verification (IPV) and valuation of portfolios using sophisticated analytical modeling.
• Reconcile reported P&L to Front Office estimates and the general ledger, ensuring accurate balance sheet substantiation.
• Investigate and resolve discrepancies in booked transactions to ensure the accuracy of daily reporting and accounting.
• Maintain business performance metrics and control of Management Information Systems (MIS).
• Supervise P&L Analysts and provide leadership within the Product Control team.

Requirements

• Degree in Accounting, Finance, Economics, or a quantitative discipline (Mathematics, Engineering, Computer Science, etc.).
• 4-6 years of hands-on experience in Product Control, Middle Office, or Finance within a Capital Markets environment.
• Strong understanding of Derivative and Structured Finance products and collateral management.
• Proven experience with P&L construction, risk attribution, and capital markets accounting.
• Proficiency with Excel; knowledge of VBA or Python is considered a significant plus.
• Excellent communication skills with the ability to interact effectively with a demanding Front-Office client base.

Preferred Qualifications

• Professional accounting designation (CPA).
• Relevant certifications such as FRM, PRM, or CFA.

Benefits

• Opportunity to join a forward-thinking company with a collaborative and innovative culture.
• Rewarding career path with diverse opportunities for professional development and internal growth.
• Competitive compensation and benefits package.

About the Company

Scotiabank is a leading bank in the Americas, helping customers achieve success through a broad range of products and services, including personal and commercial banking, wealth management, and capital markets.