Manager - Collateral Operations (GWO)
Scotiabank is an international bank offering personal, business and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets services. Its clients include individuals, businesses, corporations, institutions and investors across Canada, the United States, Mexico, Latin America, Europe and Asia Pacific.
About Scotiabank
Scotiabank, also known as The Bank of Nova Scotia, provides a broad range of financial products and services, including deposit accounts, credit cards, lending, mortgages, insurance, investments, wealth management, private banking, corporate and investment banking, capital markets, foreign exchange, financing, advisory services and transaction banking. The organization serves personal banking customers, small and mid-sized businesses, commercial clients, corporate and institutional clients, and investors through its global network.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will lead the Collateral Operations team and oversee collateral workflows supporting securities lending. You will manage margining, settlements, reconciliations, exposure monitoring, funding movements, exception reporting, operational controls, process improvements, projects, stakeholder relationships, and regulatory compliance.
Requirements
- Experience in collateral management and securities lending operations
- Experience with margining and exposure reconciliation across bilateral and triparty structures
- Understanding of securities lending workflows, collateralization practices, and operational risk controls
- Knowledge of U.S. and Canadian regulatory frameworks
- Experience with Pirum, EquiLend, and SBL systems
- Familiarity with triparty agents, custodians, and depositories
- Experience with Power BI or Python for analysis and automation
- People management experience
- Problem-solving and process improvement skills
Responsibilities
- Lead, coach, and develop the Collateral Operations team
- Act as the escalation point for complex issues
- Oversee collateral workflows across bilateral and triparty arrangements
- Monitor exposures and collateral coverage requirements
- Manage workflow distribution, capacity planning, and operational priorities
- Review exception reports, exposure metrics, and operational KPIs
- Drive process improvements and update standard operating procedures
- Lead cross-functional projects and process changes
- Maintain relationships with stakeholders, custodians, and counterparties
- Ensure adherence to collateral guidelines, controls, and regulations
- Lead root cause analysis and corrective actions
- Oversee funding requirements and movement of cash and securities
Benefits
- Bonus
- Flexible vacation
- Personal days
- Sick days
- Comprehensive benefits starting on the first day
