Manager, Agency Lending Control

1 week ago

Toronto, Ontario, Canada Scotiabank Full time
Requisition ID: 197300

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

Manager, Agency Lending Control, Collateral Operations - Toronto, ON

Global Banking and Markets


Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years.

Scotiabank's strong U.S.

presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.


Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients.

Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals.

We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries We work together to drive ambition for every future

Purpose


The Manager, Agency Lending Control - Collateral Operations is responsible for providing global operational support for the Collateral Operations team within the Global Wholesale Operations (GWO) division of the Bank.

The Collateral Operations team is responsible for providing operational support to the global business lines of the Bank by assisting to faciliate a broad range of complex, high value collateralized transactions.

Accounting and risk management are considerable in this fast paced business and errors can incur significant costs.

In doing so, the incumbent must provide, understand and facilitate:
agency Lending related reconciliation processes.

maintaining an end-to-end Agency Lending network amongst key internal business stakeholders, maintaining an external Agency Lending network amongst all related external counterparties, efficient and economical processes / operations / a robust control framework, ensuring that specialized securities and cash margin settlement risks are understood and controlled, internally / externally initiated changes impacting assigned areas are understood, communicated, planned for, and implemented.


What you'll do:

  • Provide oversight and supervisory review for the agency lending team in Collateral Operations
  • Foster and build positive working relationships with all stakeholders ensuring all collateral issues (margin calls, settlements, exposures) and from timetotime, reconciliations, are dealt with professionally and promptly.
  • Provide focused customer service thereby setting examples for the team to follow.
  • Act as a change agent in introducing any systemic changes or enhancements to provide operational efficiencies.
  • Supervise and be a point of reference for other team members for interpretation, learning and understanding of task and responsibilities regarding collateral management processes and procedures.
  • Development of Key Performance Indicators including targets and trends.
  • Coordination of processes to discuss Root Cause Problem Solving identified and the recommendation of solutions to senior management as necessary.
  • Provide support to the Sr. Manager and Director for project type activities that require established procedures and ensure successful implementation.
  • Be responsible for prudent fiscal expense management within the team.

What you'll bring:

  • Exceptional communication, interpersonal and organizational skills are required for this role as well as good people management, leadership, and coaching ability.
  • Must be conversant and have a strong grasp of principles within the Securities Lending industry as well as the systems used by the unit including Collateral Operations Systems (Global One, Anvil, CDS, DTC. Tri-Party platforms.
  • Strong Microsoft Office skills notably Excel, Power BI to be an asset.
  • Ability to effectively delegate, team build and provide coaching and feedback.
  • Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems, and client needs.
  • The position requires a minimum of three years experience with some experience leading a team.

Work Arrangement:

Interested:


At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences.

That's 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 yo

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