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Title: Assistant Manager, Derivative Settlements Operations, Settlements & Clearing (18-Month Contract GWO) Requisition ID:

278193

Employee Referral Program – Potential Reward:

$1,000.00

We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role Contributes to the overall success of Derivative Settlements Operations / Settlements and Clearing in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow 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.

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).

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 contributes to an inclusive work environment.

Dimensions

Support GBM Front Office, Product Control, Technology

Global (North America, London/Europe, Latin America, Asia Pacific)

K2/PEAK, S1, Bloomberg, Reuters, SWE, SPG, Scotia Connect, Corona, TLM, JIRA

Regulatory bodies - OSFI, CFTC, CASS

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

University Bachelor's Degree

Solid understanding of OTC Derivative products

3-5 years of experience working in Capital Market Operations

Working Conditions

Hybrid work arrangement between core operational hours 8:30am -6pm

Extended standard hours are a common occurrence during peak periods and for purpose of coverage.

Coverage on Statutory holidays to support global operations

What’s in it for you?

Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities

Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank

Opportunity to build robust strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank

Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support

A rewarding career path with diverse opportuniti

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