Director - Derivative Settlement Operations (Gwo)

Requisition ID: 194822
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

• Oversees and maintains the Settlement activities and processes originating from OTC Derivative Products, conducted by GBM and Group Treasury. Activity supported is conducted by various Front Office Trading & Sales desks located in multiple geographic locations and jurisdictions. Examples of activities include but are not limited to cash-flow settlement; MTM/valuation; client queries & claims; specialized payments; structured financing and post-settlement control.
• Acts as the primary point for escalation on operational concerns that impact the delivery and quality of services to the individual business lines and to their clients. Provides effective incident management support during technology/platform disruptions and outages. Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Identifies and evaluates various automation and technology solutions that improve productivity, cost, service support delivery, capacity, scale, and standardization. Works collaboratively with GWRT to design and build the necessary technology platforms and/or tools. An active participant in appropriate working and governance structures to ensure effective prioritization of operational enhancements and future investments. Ensures strategic alignment and influence in GWO and S&C strategies, leveraging synergies to promote built to last outcomes.
• Provides oversight and compliance with budgetary allocations to business lines. Ensuring best value spend against complex support requirements. Manages costs by reviewing continuous improvement initiatives and cost reduction strategies, technology rationalization and consolidation, business complexity demand and economic return analysis.
• Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.
  

What You'll Bring

• University degree (preferably in Finance and/or Accounting)
• Experience in Derivative Operations and understanding of Capital Markets products and services
• Experience in project management and/or experience leading large change initiatives.
• Advance computer skills, particularly MS Office Suite - Excel, Access, Word, and Power Point.
  

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.