Funding Analyst, Funding Operations

About the Role

The Funding Analyst for Mortgage Capital Markets Operations contributes to the Global Banking and Markets Mortgage Capital Markets business by providing operational support and ensuring plans and initiatives are executed in support of business strategies and objectives. The role ensures all activities are compliant with governing regulations, internal policies, and procedures.

Key Responsibilities

• Manage day-to-day funding and paydown of loans against credit facility, including reconciling all client DDA funding and operating accounts intraday and at end of day.
• Track status of underlying loan collateral via reporting provided by collateral custodians.
• Provide clear, concise communication with clients and internal business partners using phones, email, and internal chat messaging.
• Clear exceptions in funding and collateral exceptions, working with Risk to request extensions due to loan aging.
• Escalate funding wires with AML / Sanctions and resolve client issues.
• Release interest in loans funded and paid off facility going to Fannie Mae, Freddie Mac, and Ginnie Mae.
• Work with front office Banking and Risk teams to manage client relationships, ensure issues are escalated, and information is properly documented and distributed.
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Develop a robust understanding of supported mortgage products and address internal inquiries promptly, providing resolutions and further troubleshooting.
• Identify, create, and/or maintain operational controls to mitigate risk and drive efficiencies in all processes.
• Interpret support team needs for ad-hoc work, including regulatory requests or special projects.
• Understand the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Actively pursue effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles.
• Ensure adequacy, adherence to, and effectiveness of day-to-day business controls for operational, compliance, AML/ATF/sanctions, and conduct risk.
• Champion a high-performance environment and contribute to an inclusive work environment.

Requirements & Tech Stack

• College degree or prior work experience required.
• Experience managing funding and paydown of loans.
• Experience reconciling client DDA funding and operating accounts.
• Experience tracking loan collateral status.
• Experience communicating with clients and internal business partners.
• Experience clearing funding and collateral exceptions.
• Experience with AML / Sanctions processes for escalations.
• Familiarity with Fannie Mae, Freddie Mac, and Ginnie Mae.
• Experience working with Banking and Risk teams.
• Familiarity with mortgage products.
• Experience identifying and maintaining operational controls.
• Experience interpreting support team needs for ad-hoc work and special projects.
• Understanding of risk appetite and risk culture.

Qualifications

College degree or prior work experience required.