Title:  Assistant Manager - Corporate Actions (12-month contract)

Requisition ID: 254962 

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

The Role

Contributes to the overall success of the Asset Services – Corporate Action Processing team in Toronto, Canada for Global Wholesale Operations ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The assistant manager of Asset Services – Corporate Action Processing is responsible for the day-to-day processing of Corporate Action events from balancing events, compiling client and counterparty instructions, submitting elections at the depositories and ensure the payments are processed accurately at the time of payment taking account of tax consequences that could affect the payment. 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.
• Daily interpretation of notification of Corporate Acton Events.
• Reconciliation of books and record positions on multiple internal systems and depositories.
• Liaise with counterparties on deadlines, elections, liabilities, and payment processing.
• Process all voluntary instructions on a timely and accurate basis.
• Monitor, calculate and process daily payments
• Confirm all payments were processed correctly, balance general ledger and adjust out of balances. 
• Problem solve unusual discrepancies including identifying the cause of the problem and what is required to prevent recurrence 
• Maintain strong relationships with the trading desks, operations teams, and all support groups.
• 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..

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

• Post-Secondary degree or diploma
• Subject matter expert well versed in the entire lifecycle of all Voluntary Corporate Action Events.
• In depth knowledge of CDS platform
• Track record of strong reconciliation and analytical skills.
• Strong Excel Skills (Must be comfortable with pivot tables and V Lookups)
• Broadridge BPS experienced user.
• Experience with foreign depository, custodian Corporate Action processes and procedure (BNP, HSBC, Clearstream, Euroclear)
• In depth knowledge of DTCC platform (CA Web/smartrack).
• Familiar with Swift Corporate Action messaging.
• Understanding of Tax regarding Corporate Actions events (Section 302. Etc).
  
  

What’s in it for you?

• 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.