Manager, Treasury Full-time Job

PurposeContributes to the overall success of International Wealth Structuring Bahamas ensuring specific individual goals (including revenue targets), plans, initiatives are achieved in support of the Trust’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.To provide treasury services to IWS. The Manager, Treasury is responsible for administering the Treasury, Money Market and Foreign Exchange operations of the unit on a day-to-day basis.

The incumbent is responsible for placing funds on behalf of the Trust Company and relationships of the unit and negotiating favorable interest rates maximizing the spreads earned by the trust. The incumbent manages the interest rate spreads and assigns interest rates on loans issued to clients and ensures timely execution of foreign currencies and monitoring of these positions within defined limits. The incumbent manages the Unit’s treasury limits including Deposits with Banks; GAP positions and managing clients’ depositories and their respective limits.AccountabilitiesAnnual Revenue TargetsThe position has annual revenue and deposit balancet argets based on the annual profit plan exercise.Treasury Management:To maximize the unit’s net interest revenue by placing interbank deposits at the most competitive rates possible and setting the rates applicable to clients’ deposits.Manage deposit books including upcoming maturities, funds placement gaps, spot positions, projected cash flows and interest rate spreads.Ensuring that the placement of funds is in accordance with the various limits guidelines (GAP, depository, country etc.) assigned to the unit from time to time and making recommendations to maintain/change existing limits in light of BNS requirements or market conditions. .Negotiating/executing and prospecting DWB and Loan placements with BNS approved entities and Broker/Dealers, in order to achieve optimal interest rate returns for the Trust Company and clients of the Trust Company.Provides market insight, reports on the pipeline of opportunities and upcoming maturities.Setting the rates applicable to clients’ deposits/loans, such that the Trust Company takes the appropriate spreads.Given that the money market environment is dynamic, the incumbent must keep abreast of current market conditions so as to be able to execute his/her duties and make the appropriate decisions at the right time to minimize any cost to the Trust Company.Foreign Exchange:Execute foreign exchange spot and forward transactions to maximize profits on behalf of the Trust Company.Work with the Fiduciary Teams to identify and execute strategies to help clients minimize forex risk, hedge future cash flows and manage cash levels in foreign currenciesPropose appropriate FEC limits for all currenciesEnsure that the optimal foreign exchange positions and pricing are maintained, by monitoring the foreign currency positions on a daily basis and ensuring that the balances are within established limits.Limits Management:Propose appropriate DWB/Depository limits for financial Institutions.Act as the primary dealer for the execution of all Trust Company/ Client trades.Manage the Depository Limits request process by obtaining, submitting and filing the necessary information and preparing the necessary reports to be submitted to the Board of Directors and BNS for advice and counsel.Exercise due diligence by seeking BNS Executive Office advice and counsel as circumstances require and in accordance with established policies and procedures.Risk Management and Control:Contribute to the efficient running of the department and organization by performing other duties as assigned.Lead the implementation and development of new Treasury product(s).Provide explanations on overruns/excess and seeking support for approvalsCommunicate with Administrators who act on behalf of clients, and to exercise good judgment in balancing the requirements of the Trust Company against the needs of the clients.Education / Experience / Other Information A minimum of a Bachelor’s Degree in Business Administration and five years experience in a similar role is desirable for this position.

Series 7 or equivalent is also desirable.The Position also requires:an in-depth knowledge of Treasury and Foreign Exchange back office operations either through formal education or on-the-job training;a thorough knowledge of other back-office operations, proven professional judgment in managing daily activities;a good understanding of the impact of global economic conditions on Treasury and Foreign Exchange activities;a working knowledge of information systems like Bloomberg;a working knowledge of treasury products and settlement rules and procedures;the ability to communicate effectively with a variety of internal and external professionals;good interpersonal, communication, mathematical, analytical, negotiating and organizational skills are also important to effectively discharge the assigned tasks;good oral and written communication skills are necessary as the incumbent is required to interact on a daily basis with other staff members.High standards of performance, confidentiality, integrity, timeliness and efficiency must be maintained at all times;In addition to English, Spanish language skills are desirable.There must be evidence of good analytical skills and sound judgment in ensuring appropriate procedures and corrective action.Qualified candidates should apply using the link and submit C.V. via email to: hrbahamas@scotiabank.com on or before November 17th, 2025. Please note that only those individuals short-listed for an interview will be contacted. Kindly put the job title in the subject line when applying.