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Internship - Middle Office, Settlements & Clearing Support and Control

Job ID 105350 Jan. 31, 2020 London, United Kingdom

Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.


Contributes to the overall success of the Settlements & Clearing and Middle Office functions that form part of Global Wholesale Operations (GWO) in London, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.


Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Develop a good understanding of the full trade lifecycle through 3 programme rotations. Use this knowledge to learn, perform, review and improve key processes across GWO.

Work with key individuals to help create / improve Management Information packs.

Deliver an end of programme trade lifecycle presentation to senior leaders.

Assist the Controls team in conducting process control spot checks across the various functions.

Partner with functional areas within GWO to provide control and oversight of day to day activities, using tools such as governance meetings and break / exception monitoring.

Production of intersystem and internal vs external systems of record.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Actively pursues 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.

Contributes to a high performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team

Must be penultimate or final year student undertaking a related degree
To have built some project management skills, developed either through the current university placement or through outside interests.

To have been part of a team that has worked together to deliver on a common goal

A strong communicator, both in verbal and written form.

Ability to learn quickly through an organized methodical approach

A solid working knowledge of Microsoft Excel.

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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