Title:  Assistant Manager, Securities Clearing

Requisition ID: 197734

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

Assistant Manager, Securities & Clearing (GWO) - Toronto, ON

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

The Assistant Manager plays a key role in the management of the specialized securities operations for Settlement requirements of all business lines under the Scotia umbrella This is a leadership position where the incumbent plays an active role in the coaching of individuals, coordination of workflows, measurement and enhancement of employee engagement as well as the daily evaluation of team performance.  The incumbent is also expected to actively encourage the use of the daily huddle as a mechanism to create a shared understanding within the team and provide input in the establishment of benchmarks and targets to facilitate operational efficiency and to create a culture of continuous improvement and accountability.  

What you'll do:

• Ensure operational efficiency and economy of the unit is maintained in accordance with established policies and procedures by playing an active and leading role in individual coaching and skill development within the team and the planning and presentation of the visual management tool with the team
• Management of workflows through capacity management and load balancing and providing leadership and on-going direction, guidance and counsel;
• Ensuring accurate measurement and improvement of Key Performance Indicators including targets and trends;
• Coordination of processes to discuss Root Cause Problem Solving identified and the recommendation of solutions to senior management as necessary. 
• Conducting process confirmation on Standard Operating Procedures and identify and implement improvements;
• Ensuring that the process enhancements identified in the “Tactical Implementation Plan” are implemented as appropriate and ensure effective cross-training schedules are implemented and maintained;
• Contributing to the efficient cost effectiveness of the unit operation; 
• Participate in the ongoing identification, assessment, and management of risk inherent in the day-to-day operations of the unit by identifying the identification of operational inefficiencies, risks and problems by the team and providing senior management with recommendations for changes to established processes for preventing/minimizing risk;
• Monitoring to ensure appropriate action is taken to address any outstanding problems so as to meet regulatory guidelines and ensuring staff are appropriately trained to manage their workstation responsibilities
• Provide insight and support to senior management during the planning, organizing and preparation of project type activities affecting the unit and ensuring successful implementation of required changes to related processes and systems. 
• Ensure service levels meet customer needs in a manner consistent with Scotia Service Standards by playing a lead role in the team by providing focused customer service and ensure all client transactions are processed and cleared in a timely and accurate manner;
• Responding promptly and professionally to inquiries from customers, business lines supported and other units within Operations;
• Helping to ensure that any activity undertaken by the unit in support of the various business lines that could have adverse customer impact is promptly identified and appropriate senior management / business lines are notified accordingly.

What you'll bring:

• Excellent communication, interpersonal and organizational skills are required for this role as well as good people management, leadership and coaching ability.
• Highly developed analytical and problem solving skills are necessary as well as a good knowledge of the Bank’s operational and compliance policies, practices and procedures. Industry standards and infrastructure rules and regulations in relation to North American settlements are also required. 
• Must be conversant and have a strong grasp of principles for the operating / settlement systems used by the unit including: BTS (061&191), Impact, Clearance Pro, Escape, Arrow, Arrow Blotters, CDS, DTC and FED.
• Must possess in-depth knowledge of all Bank policies, regulatory requirements, limits and controls which may affect or restrict all aspects of the day-to-day responsibilities for the unit.
• Ability to provide reliable and timely responses confidently to direct inquiries from customers, traders/sales personnel & management.
• Ability to effectively delegate, team build and provide coaching and feedback;
• Sound appreciation of the risks inherent in the unit;
• Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems and client needs.

Work Arrangement:

This position is currently a Hybrid role, with the expectation that you will work in the office. 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’s 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, please click here. 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.