Director & Head, Global Cash, Collateral & Intraday Management

Requisition ID: 248873
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role

Leads and oversees the Intraday Cash and Collateral Management team ensuring business strategies, plans and initiatives are executed/delivered in compliance with governing regulations, internal policies and procedures and ensuring ongoing compliance with regulatory minimums.

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

• Is accountable for payment & settlement balance management within CAD/USD/EUR/GBP environments.
• Responsible for cash forecasting for CAD, USD, EUR, GBP and other material currencies.
• Lead the development and implementation of global intraday liquidity strategies, including real-time monitoring, stress testing, and scenario analysis to mitigate risks from unexpected cash flows and market disruptions.
• Recommends management targets to ensure that there are sufficient cash and collateral to meet the requirements of the Group and its business units, both on an on-going basis but also under various stress scenarios on an intraday and end of day basis.
• Ensures liquidity is available during wide scale global payment disruptions. Oversees the build of Treasury specific contingency planning for intraday liquidity management
• Supports Bank teams in developing products and services for Correspondent Banking, Corporate, and Commercial clients by defining cash flows, calculating intraday liquidity costs, and managing optimal funding. Enables business partners to price deals effectively and facilitate successful settlements across systems and currencies.
• Account for and allocate these intraday costs to the appropriate business lines.
• Sets the operating liquidity strategies, cash management direction and makes recommendations to Executive Management for ratification as policies, counterparty trading limits, and related procedures for the Bank, its subs, special purpose companies and affiliates.
• Supports the Bank on technology initiatives and changing market conditions that impact intraday liquidity.
• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Champion continuous improvement in processes, reducing operational risks and enhancing efficiency through data analytics and automation.
• Directs day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and risk appetite statement throughout their teams.
• 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.

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

• Undergraduate degree in Business/Accounting or STEM fields in combination of CFA/FRM/MBA
• Minimum 8 years of progressive experience in Finance, or Risk Management; preferably within a Bank or Financial Institution
• Strong understanding and ability to communicate with Information Technology (systems applications), Finance (financial systems), and Capital markets (products)
• Strong leadership

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What's in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible 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 Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.?

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.