Title: Director - Derivatives & Commodity Settlements (GWO)Requisition ID: Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The RoleAs Director, Derivative Settlements, you lead the global operating model supporting OTC derivatives and commodity settlements across GBM and Group Treasury. You are responsible for end-to-end settlement operations, including cash flows, valuations, client servicing, and post-settlement controls, while driving process standardization, control enhancements, and technology-enabled transformation at scale.Is this role right for you? In this role, you will: Oversee end-to-end settlement operations for OTC derivatives and commodities across global regionsEnsure timely and accurate processing of cashflows, valuations (MTM), client queries, claims, and specialized paymentsAct as escalation point for operational issues impacting service delivery, controls, or client experienceLead incident management and operational response during system or platform disruptionsDrive operating model optimization, including process standardization, scalability, and global consistencyLead strategic initiatives and technology transformation to improve efficiency, capacity, and control strengthIncrease straight-through processing by reducing manual touchpoints and strengthening control frameworksIdentify control gaps, operational risks, and process inefficiencies; implement corrective actionsEstablish and monitor KPIs/KRIs to track performance, risk, and service qualityPartner with Technology, Front Office, Finance,



and Risk teams to support system implementations and business growth initiativesOversee global teams and ensure consistent service delivery across jurisdictions Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have: Prior experience in capital markets operations, with deep expertise in derivatives or commodity settlementsStrong knowledge of OTC derivatives processes, post-trade lifecycle, and settlement flows (cashflows, MTM, claims, collateral/payments)Experience leading global or multi-region operations teams, including BAU delivery and risk managementExperience driving operating model transformation, process redesign, and technology implementationProven ability to improve straight-through processing, standardization, and operational efficiencyStrong understanding of operational risk, controls, and regulatory requirements within capital marketsExperience partnering with cross-functional stakeholders (Operations, Technology, Front Office, Finance, Risk)Advanced proficiency in Excel, Power Point, and operational/reporting toolsSpanish language capability is an asset What’s in it for you? A rewarding career path with diverse opportunities for professional developmentAn organization committed to making a difference in our communities – for you and our customers.A competitive rewards program including bonus, adaptable vacation, personal and sick days, and comprehensive benefits that start on your first day.Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the

📌 Director - Derivatives & Commodity Settlements (Gwo) (Toronto)
🏢 Scotiabank
📍 Toronto