Assistant Manager - Settlements And Clearing (Derivative)

 
 
Requisition ID: #
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
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!
What You’ll Do
-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).
 
What You’ll Bring
 
-University Degree - Finance/Economics 
-Solid understanding of OTC Derivative products and previous Settlement experience
-3-5 years of experience working in Capital Market Operations
 
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 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.