Senior Manager - Trade Finance Operations

Requisition ID: 193027
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

• Develop and execute a comprehensive strategy for Trade Finance services, aligning with organization goals and industry best practice.
• Set clear objectives, performance goals, and KPI for the Trade Finance service team, driving excellence and continuous improvement.
• Lead, manage and mentor the entire trade service team.
• Provide expert oversight of a wide range of Trade Finance instruments including complex letters of credit, documentary collection and standby letter of credit / guarantees.
• Review & validate a variety of Trade Finance instruments within delegated authority limits.
• Ensure that transactions are executed in a timely and accurate manner, in adherence with established service level agreement.
• Collaborate with the Trade Finance processing team, and other internal stakeholders to facilitate the seamless flow of transactions.
• Collaborate with risk management teams to implement risk mitigation measures and ensure compliance with Trade Finance regulations.
• Champion process optimization and automation initiatives within Trade Finance team, leveraging technology and industry best practices to drive efficiency and accuracy.
• Oversee and monitor team productivity, staffing and work volume information to maintain efficient workflow within the team and meet SLA requirements.
• Analyze performance metrics, data insights, and industry trends to inform strategic decision-making and optimize Trade Finance processing operations.
• 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.
• Responds promptly and expertly to internal and external customer requests and enquiries. Promptly addresses issues and complaints, develops workable solutions, and escalates as required. Recognizing and bringing exceptions to policies and procedures to the attention of management for resolution when required.
  

What You'll Bring

• Extensive Trade Finance Operations experience, with a deep understanding of Trade Finance instruments, regulatory frameworks, and industry trends.
• Good working knowledge of ICC rules, ISP98, URDG 758, URC525, the Bills of Exchange Act, SWIFT, UCP 600, and any other applicable Trade Finance rules and regulations.
• Proficiency in Microsoft Office applications: MS Office (Excel, Word, Power Point).
• Ability to drive process optimization, innovation and change management.
  

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.