Title:  Manager - OTC Confirmations, GWO (18-month contract)

Requisition ID: 230826

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

Purpose

Leads and oversees OTC Confirmations globally ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
 

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Pro-actively identify, organize and implement changes positively affecting the efficiency, productivity and risk control of the unit’s operations through:
  • Regular review of operational workflows to identify control requirements or redundancies, best practices, and opportunities for technological efficiencies.
  • Ensuring the department’s standard operating procedures and static data is documented, accessible, reviewed and updated on a regular basis.
• Motivate staff to increase individual performances, implement training schedules, engineer, and distribute operational workflow fairly by:
  • Organizing / assigning workstation tasks to best meet business objectives and customer service expectations;
  • Monitoring work in progress / daily transaction volumes via various management information and control reports to ensure workstation workloads are fairly distributed;
  • Identifying key contributors to team success and support them through coaching and encourage regular staff participation in the Employee Development and Performance program;
• Contributes to the implementation of technology solutions used for trade confirmations to improve operations support by: 
  • Providing feedback and support for User Acceptance Testing activities for ongoing system enhancement or implementation of new systems.
  • Supporting trouble shooting activities related to unexpected, unplanned system production issues when required.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team 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.
• Builds 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.
  
  

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

• In-depth knowledge of the functions and processes the team uses in the performance of its assigned responsibilities and of the controls in place to ensure appropriate risk and regulatory compliance.
• Strong understanding of the products supported, the numerous depositories used globally and the rules and regulations governing both.
• Extensive knowledge of OTC derivative products, structure of derivative transactions and the finance principles that underlie them.
• Extensive knowledge of ISDA Definitions, related templates, and the ability to interpret and apply them to transactions.
  
  

Work Arrangement: Work in a standard office-based environment; non-standard hours are a common occurrence. Travel may be required on an exception basis. 

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.