Collateral Operations Manager

7 days ago


Toronto, Ontario, Canada Scotiabank Full time
Job Summary

We are seeking a highly skilled Collateral Operations Manager to join our team at Scotiabank. As a key member of our operations team, you will be responsible for ensuring the efficient and effective management of collateral operations, including margin calls, settlements, and exposures.

Key Responsibilities
  • Provide exceptional customer service and set examples for the team to follow.
  • Maintain positive working relationships with stakeholders and ensure timely resolution of collateral issues.
  • Act as a point of reference for team members on collateral management processes and procedures.
  • Contribute to the efficient cost-effectiveness of the unit operation and manage fiscal expenses within the team.
  • Monitor and address outstanding problems to meet regulatory guidelines.
  • Supervise and mentor team members on collateral management processes and procedures.
  • Monitor daily processes and ensure timely action and responses to issues.
  • Plan and present visual management tools with the team.
  • Foster identification of operational inefficiencies, risks, and problems by the team.
  • Manage workflows through capacity management and load balancing.
  • Measure and improve Key Performance Indicators, including targets and trends.
  • Coordinate processes to discuss Root Cause Problem Solving and recommend solutions to senior management.
  • Conduct process confirmation on Standard Operating Procedures and identify improvements.
  • Implement process enhancements identified in the Tactical Implementation Plan.
  • Manage and monitor funding at all depositories.
  • Act as a change agent in introducing systemic changes or enhancements.
  • Ensure strict adherence to securities lending collateral guidelines to prevent risk exposure.
  • Review critical reports and completed work to track exception items and assess necessity to amend or improve processes.
  • Provide support to the Sr. Manager and Director for project-type activities that require established procedures.
  • Complete and assess EOD exposure reports for review and distribution.
Requirements
  • Must be conversant and have a strong grasp of principles for systems used by the unit, including Collateral Operations Systems, Arrow Blotters, CDS, DTC, Tri-Party platforms, and various lending platforms.
  • Previous People Manager experience required.
  • Strong general knowledge of Securities Industry conventions, procedures, and related internal policies and procedures as they pertain to Collateral Operations.
  • Complete understanding of all regulatory reporting requirements.
What We Offer

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are, and embraced for their differences. We offer a performance-oriented culture and a focus on holistic well-being, with many flexible benefit programs designed to support your unique family, financial, physical, mental, and social health needs.



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