Title:  Manager, Securities Clearing (GWO) - Toronto, ON

Requisition ID: 197529

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

Manager, Securities Clearing - 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!

Purpose

Ensure that Global Banking and Markets’ short, mid, and long term business strategies and priorities assigned to GWO are understood and that Securities Clearing  has systems, processes, controls, and infrastructure in place to support it.  Working closely with the Senior Manager and/or Director, Settlement & Clearing the incumbent will provide Securities Clearing leadership ensuring business objectives is achieved. Directing assigned operations ensuring a high level of operational/cost efficiency, management control and customer service. Ensuring significant risk, inherent in assigned operating units is identified, analyzed, understood and controlled. Maintain key controls at acceptable levels. Driving a performance culture in GBM through effective people management practices Measurement of performance through effective metrics and viewpoint results. Management of workflows through capacity management and load balancing. Identify, analyze and address underperformance at all levels by executing remediation plans

What you'll do:

• Working closely with GWO senior management: develop a detailed understanding of GBM’s business plans/priorities  and assess  Securities Clearing existing processes, systems, controls, and resources in relation to what will be required to effectively support the GBM business priorities and revenue objectives, where material gaps in capabilities versus requirements exist, the incumbent will either directly or indirectly drive Securities Clearing’s efforts to resolve same, provide specialized insight and / or guidance to GBM in regard to how operational processing requirements can best be met
• Manage and develop subordinate staff to ensure efficient operations, attainment of objectives, and a high calibre of employee.
• Ensure a high degree of operational efficiency, processing accuracy, and conformity to Bank regulations by developing, negotiating and executing business objectives to improve operational efficiency or customer and identifying and implementing opportunities for improvements in productivity, control, cost effectiveness, and user/customer relations.
• Develop/maintain an effective, economical organization structure and Adhere to effective management control and escalation matrix. 
• Manage resolution of operational problems ensuring appropriate action is taken to prevent recurrence.
• Stay abreast of industry and/or internal initiatives and changes in order to forecast the impact upon assigned units;
• Develop and execute of strategies, communications and implementation of change; providing or participating in training sessions and seminars;
• Consult on the preparation of associated manuals, guides and procedures and on daily issues/changes in retail and trading products as they impact Securities Clearing;
• Interacting with senior executives in GWO to provide operational input and direction on common issues and initiatives. 
• Understand products and product offerings at Scotiabank and securities markets, securities types and industry standards for custody, clearing and settlement.

What you'll bring:

• Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems and client needs and expert knowledge of Securities Operations’ processes, systems, and controls in multiple geographic locations
• Knowledge of policies and procedures in other areas of the Bank and of regulations associated with the Securities Industry and products globally;
• Ability to effectively delegate and quick reactions in order to respond to situations requiring Senior Management involvement/decisions;
• Adaptability to constant changes, tight deadline, limited guidance and ambiguous scenarios occurring within Securities Clearing and an ability to effectively create and manage change.
• Sound judgement and strong analytical skills in order to assess business requirements and to make decisions  and recommendations in the absence of documented procedures or specific guidelines; 
• Extensive knowledge of systems employed by Securities Operations globally including Broadridge (ADP), GLOSS, ICi-Impact, ION and Project Management methodologies both waterfall and agile. 
• MMI and ANVIL, Canadian Depository for Securities (CDS), Depository Trust Company (DTCC), Paramax – Arrow as well as
• Applications of various Central Securities Depositories and Global Custodians (Clearstream, Euroclear, Bank of New York Mellon,
• BNP Paribas, Deutsche Bank, HSBC, JPM, Itau Unibanco, LCH / Eurex Bonds, etc) 
• Strong communication skills both written and verbal in order to deal with Sr. Management of Bank subsidiaries, service providers, and Depositories / Global Custodians – Settlement Agents. 
• Proven experience in directing a complex operating unit combined with exposure to Head Office environment;
• Strong general management skills that include leadership, coaching, team building, decision making, prioritization and human relation skills in order to manage a high degree of change and motivate/direct human resources. 
• Analytical thinking; due to the nature of operations the incumbent must be able to adapt his/her knowledge and experience to resolve unprecedented problems/situations, and be able to identify and assess risk; 
• Organizational and conceptual skills in order to establish clear process flows and create SMART objectives for assigned units, manage change;
• Adaptability to constant changes occurring within operations and its internal clients and ability to effectively create and manage change dynamically.

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.