Title:  Assistant Manager, Agency Lending Control, Collateral Operations - Toronto, ON

Requisition ID: 197302

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

Assistant Manager, Agency Lending Control, Collateral Operations - 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!
 

What you'll do:
 

• Maintain positive working relationships with all stakeholders ensuring all collateral issues (margin calls, settlements, exposures) and from time-to-time, reconciliations, are dealt with professionally and promptly.
• Provide focused customer service thereby setting examples for the team to follow.
• Contribute to the efficient cost effectiveness of the unit’s operation by providing process improvement recommendations.
• Monitoring to ensure appropriate action is taken to address any outstanding problems to meet regulatory guidelines.
• Measurement and improvement of Key Performance Indicators including targets and trends.
• Provide support to the Manager, Sr. Manager and Director for project type activities that require established procedures and ensure successful implementation.
• Perform Data preparation/normalization for ALDOP reconciliation staging.
• Perform ALDOP reconciliation runs for both borrow and collateral positions.
• Investigate all breaks, prioritizing material break. Provide commentary on all breaks.
• Ensure fulsome commentary is provided to internal stakeholders and disseminate reconciliation to key stakeholders.
• Communicate with Agent Lenders as required, to resolve breaks. Communicate with Scotiabank technology, business, and risk partners to resolve Scotiabank’s own breaks.

What you'll bring:
 

• Highly developed analytical and problem-solving skills are necessary. Industry standards and infrastructure rules and regulations in relation to North American settlements are also good to have.
• Must be conversant and have a strong grasp of principles within the Securities Lending industry as well as the systems used by the unit including Collateral Operations Systems (Global One, Anvil, CDS, DTC. Tri-Party platforms.
• Strong Microsoft Office skills notably Excel, Power BI to be an asset.
• Ability to confidently coordinate with Risk, Credit, Trading Desks & Management.
• The position requires a minimum of three years experience in capital market operations.

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.