Requisition ID: 223845
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Manages and contributes to the overall success of the Collateral Operations team within the Collateral Management Utility, Global Wholesale Operations ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted and services delivered are in compliance with governing regulations, internal policies and procedures.

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Oversees and directs a global collateral operations team whose mandate is to ensure that appropriate measures and controls are in place to allow for key exposure mitigation functions to operate properly.
• Manages a global team that operates from Canada, USA and London and covers exposure management functions across the OTC, Repo, PB Margin and Securities lending product lines. Provides additional risk management functions as a key service provider to certain Bank LATAM and European subsidiaries as part of an established outsourcing model.
• Provides margining services to all GBM business lines whose trading activity is captured within any relevant counterparty governing margin documentation such as an ISDA CSA, Repo GMRA, PB Agreement or Master Securities Lending Agreement. Also provides margin related update and escalation services to all related GBM risk functions (e.g GRM, Counterparty Credit Risk, Front Office risk groups).
• Acts as the primary point for margin, risk and client related escalations, both internally and externally. Provides effective incident management support during both risk related events as well as technology/platform disruptions and outages.
• Is expected to participate and contribute to various internal focus groups and committees (such as the Collateral Dispute Resolution Committee). Can also be required to sit on key project steering committees to represent the operational risk management function of the Collateral Management Utility.
• 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 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.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Builds 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 behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

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

• At minimum a university Undergraduate degree.
• 15+ years' experience in Operations.
• Advance computer skills, particularly MS Office Suite - Excel, Access, Word, and Power Point.
• Strong organizational and communication skills a must.
• Strong collaborating, leadership and team-building skills.
• Analytical and detail-oriented.
  

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.