Title:  Manager, Asset Services - Corporate Action Voluntary Processing (12-month contract)

Requisition ID: 252264 

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

The Role

Contribute to the overall success of the Asset Services – Corporate Action Voluntary Processing Team 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.

The Manager will be responsible for overseeing the day-to-day operations of Voluntary Corporate Action event, which include but are not limited to the following activities; ensuring all client instructions have been processed, understanding of each event expiries, the events are processed in a correct and timely manner, the events are processed with the correct tax reporting and ensuring out of balances are reconciled in a timely manner and an action plan to resolve created. 

The Manager will also work closely with the Corporate Action Management Team in the identification, initiation, research, and development of process solutions across the team, with the intent of improving overall operational efficiency/effectiveness while ensuring that compliance, risk and regulatory issues are adhered to.

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

• Operating independently, identifying and resolving issues with minimal oversight. Capable and comfortable operating within tight deadlines, able to make quick decisions, and able to quickly learn about the business/issues, without necessarily having any prior direct experience with the subject matter.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team. Demonstrate strong leadership and interpersonal skills capable of managing, leading, and coaching/training a team of employees.
• Champions a culture of continuous operational improvement by independently resolving highly complex, multi-faceted problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and co-operations from users and senior management.
• Performing daily operational activities in support of corporate action voluntary events; managing voluntary event expiries, double checking each file for errors, researching complex events, leading daily team Huddles, approving voluntary payments, approving voluntary election for daily expires, ensuring team has processed all voluntary payments daily, providing oversight on reconciliation items tagged to the Mandatory team and escalating issues immediately. 
• Documenting SOP’s and providing support to the Management team on policy and procedure changes within the team. 
• 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.

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

• Previous experience managing a team
• Subject matter expert well versed in the entire lifecycle of all mandatory Corporate Action Events. 
• Strong reconciliation and analytical skills.  
• Strong Excel Skills (Must be comfortable with pivot tables and V Lookups) 
• Broadridge BPS experienced user. 
• Experience with depositories and foreign custodian Corporate Action processes and procedure (CDS, DTC, BNP, HSBC, Clearstream, Euroclear) 
• Familiar with Swift Corporate Action messaging.  
• Understanding of Tax consequences 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.