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Title:  Assistant Manager, Derivative Settlements Operations, Settlements & Clearing (18-Month Contract GWO)

                                                                                                               

 

 

Requisition ID: 278193 
Employee Referral Program – Potential Reward: $1,000.00  

We are committed to investing in our employees and helping you continue your career at Scotiabank.

 

The Role

 

Contributes to the overall success of Derivative Settlements Operations / Settlements and Clearing in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted follow governing regulations, internal policies, and procedures.

 

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

 

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Responsible for process and control oversight for completion of day-to-day activities. This includes but is not limited to completing daily settlements, investigation of daily/monthly/annual accounting breaks, sending rate reset notifications to clients, completing tasks relating to rate resets, MTM reporting
  • Develop and maintain excellent working relations with all involved stakeholders - including but not limited to clients, counterparties, Sales and Trading, Product Control, Technology, other operations areas.
  • Responsible for providing accurate and informative analysis to the management team as requested.
  • Responsible for participating and delivering on projects as they relate to the overall Derivative Settlements team
  • Will consistently look for process improvements opportunities to maximize efficiencies. Performs other duties as assigned.
  • Responsible for being the first point of contact for issues within the Settlements team; leading by example, cross training new and junior staff, being a subject matter expert and assist in the oversight of the team as required.
  • Develop a sound understanding of the products supported/settled. (Cross Currency Swap, Single Currency Swap, Credit Default Swap, Inflation Swap, Total Return Swap, Forward Rate Agreement, Forex, FX Options, FX Commodity Options, Equity Options, Loans, Deposits, Swaption, Single Currency Extend, Single Currency Call, Cap, Floor, FX Strip).
  • Will be responsible for identifying and helping to mitigate any inherent operational risks as they relate to overall team. This includes, but is not limited to, cross-training and providing coverage on other settlement desks for vacations and unexpected absences; review, evaluate and implement new and existing procedures (SOPs).
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
  • Champions a high-performance environment and contributes to an inclusive work environment.

 

Dimensions

  • Support GBM Front Office, Product Control, Technology
  • Global (North America, London/Europe, Latin America, Asia Pacific
  •  K2/PEAK, S1, Bloomberg, Reuters, SWE, SPG, Scotia Connect, Corona, TLM, JIRA
  • Regulatory bodies - OSFI, CFTC, CASS

 

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

  • University Bachelor's Degree
  • Solid understanding of OTC Derivative products
  • 3-5 years of experience working in Capital Market Operations
  • Previous Settlement experience preferred

 

Working Conditions

 

  • Hybrid work arrangement between core operational hours 8:30am -6pm
  • Extended standard hours are a common occurrence during peak periods and for purpose of coverage.
  • Coverage on Statutory holidays to support global operations

 

What’s in it for you?

  • Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
  • Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
  • Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
  • Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities – for you and our customers.
  • A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

 

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.

Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.


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