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Title: Assistant Manager, Settlements & Clearing

Requisition ID:
Employee Referral Program – Potential Reward: $1,000.00
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The Role

Contributes to the overall success of the Settlements & Clearing team in Toronto, Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Ability to deal with daily issues/changes in retail and trading products as they impact Securities Clearing
- Strong general time management skills that include prioritization, team support, and human relation skills in order to assist management with change and motivation.
- Ability to maintain processes seamlessly in a rapidly changing environment regarding policies, procedures, automated systems and client needs.
- Understand securities markets and types, industry standards for custody, clearing and settlements
- Contributing to the preparation of associated manuals, guides, and procedures.
- Contributing to the resolution of operational problems ensuring appropriate action is taken to prevent recurrence.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively 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.
- Champions 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.

Dimensions:

- Daily Trade Volumes: +25000
- Business Lines Supported: GWO Settlements & Clearing
- Reputational Risk potential: High
- Compliance and Regulatory Risk: High

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

- Excellent communication skills, with strong negotiation and strategic influencing skills.
- Expert knowledge of Bank’s products, policies and services.
- Valuable understanding and awareness of strategic and tactical business planning and executional issues/processes.




- Adaptability to operate in a rapidly changing environment regarding policies, procedures, automation, and client needs
- Results focused to identify and take action on any issues/concerns/processes in a timely matter.
- Very good analytical & problem-solving skills and sound judgment needed to critically examine reconciliations, their operations & processes including in depth knowledge of the settlement department processes and inputs from up and downstream systems.
- Undergraduate Degree Business
- Postgraduate Degree in Finance, Business Analysis & Marketing

Working Conditions

- Work in a standard office-based environment; non-standard hours are a common occurrence.
- The securities industry is a complex business and operates within a quasi-structured but rapidly changing environment with very tight deadlines where errors can result in substantial losses
- New systems, procedures, conventions, regulations and continual changes in technology, processes and the industry cause the frequency and degree of change within the operation of the department / division, thereby adding / increasing stressful situations. Constant demands on continually improving and implementing systems and procedures, requires on-going re-evaluation and prioritization of tasks and requires the incumbent to exhibit flexibility and the ability to work under tight times frames, complete reconciliations and processing adjustments within critical deadlines to avoid the risk of losses.
- The incumbent must be able to work with minimal supervision, manage several priorities simultaneously and faces frequent interruptions from staff, management and customers.

What’s in it for you?

- Oppor

📌 Assistant Manager, Settlements (Toronto)
🏢 Scotiabank
📍 Toronto