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Scotiabank Assistant Manager - Securities Lending, Collateral Operations in Toronto, Ontario

Assistant Manager - Securities Lending, Collateral Operations

Requisition ID: 207359

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

The Assistant Manager, Collateral Operations is responsible for providing global operational support for the Collateral Operations team within the Global Wholesale Operations (GWO) division of the Bank. The Collateral Operations team is responsible for providing operational support to the global business lines of the Bank by assisting to facilitate a broad range of complex, high value collateralized transactions.

Is this role right for you? In this role, you will:

  • Maintain a positive working relationship with all stakeholders ensuring all collateral issue (margin calls, settlements, exposures) and from time-to-time, reconciliations, are dealt with professionally and promptly.

  • Responding promptly and professionally to inquiries from customers, business lines supported and other units within GWO.

  • Be a point of reference to the team members for interpretation, learning and understanding of task and responsibilities.

  • Monitoring to ensure appropriate action is taken to address any outstanding problems to meet regulatory guidelines.

  • Supervise and be a point of reference for other team members regarding collateral management processes and procedures.

  • Monitoring daily processes ensuring timely action and responses are given to issues that arise while ensuring deadlines and collateral coverage is successful.

  • Coordination of processes to discuss Root Cause Problem Solving identified and the recommendation of solutions to senior management as necessary.

  • Review of critical reports and completed work to track exception items and to assess necessity to amend or improve processes.

  • Provide support to the Manager, Sr. Manager and Director for project type activities that require established procedures and ensure successful implementation.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

  • Understanding of Agency Lending, ALD (Agency Lending Disclosure)

  • Knowledge of the Securities Lending industry as well as Regulatory Reporting

  • Knowledge of Collateral Operations Systems (Global One, Anvil, CDS, DTC. Tri-Party platforms).

  • Strong Microsoft Office skills notably Excel, Power BI to be an asset

Work Arrangement: This position is currently a Hybrid role. Please note that this is subject to change based on the needs of the business.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto

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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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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