Title:  Assistant Manager - Derivative Settlements (GWO)

Requisition ID: 207200

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

Purpose:
 

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:

• 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).
   

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

• Bachelor's Degree – Finance or Accounting preferred
• Background in Capital Markets Operations
• Knowledge of OTC Derivative products
• Previous Settlements experience preferred
   

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, 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.