Manager - OTC Confirmations

Requisition ID: 196991 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **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 **What You’ll Do** 1. Ensure a high degree of processing accuracy, customer service, operational efficiency, and conformity to Bank policies and external regulations by: - Train, develop, and supervise staff and the work they perform, ensuring trade booking issues are identified and corrected, and trades are confirmed accurately and correctly in a timely manner. - Identify and implement opportunities for improvements in controls, customer service, productivity, and cost effectiveness. - Manage resolution of operational problems, ensuring appropriate action is taken to prevent recurrence. 2. Coordinate management of significant internally and externally initiated change by: - Define operational and technology requirements, and coordinating with project teams to ensure requirements are met. 3. Ensure risk inherent in the trade confirmation process is identified, understood and controlled. This includes: - Ensure all trades are recognized by trade counterparties, economic terms of all transactions are affirmed, and all breaks are identified and resolved. - Generate, review, and execute trade confirmations in accordance with Bank policy and industry standards. - Review and approve confirmations prior to execution. - Ensuring the Bank is reconciled with external electronic trade execution and affirmation/confirmation platforms and Central Counterparty Clearing Houses - Train staff to minimize errors and maximize quality and adherence to policies and standards. - Escalate and resolve issues. 4. Ensure delivery of high quality of customer service by: - Develop and maintain relationships with customers, at both the operations staff and management levels. - Ensure customer issues are identified, reported, escalated, and resolution is coordinated with internal stakeholders and relationship owners. 5. Manage and develop staff to ensure efficient operations, quality of work, attainment of objectives, and a high calibre of employees: - Set goals, performance expectations and providing on-going performance feedback and coaching. - Cross train staff to dynamically manage workloads across the operations. 6. Manage the OTC Confirmation Report control framework by: - ensuring coverage for all reports is always in place. - ensure Standard Operating Procedures are up to date and in place across the report control framework. **What You’ll Bring** - Extensive knowledge of Interest Rate and Equity OTC derivative products, structure of derivative transactions and the finance principles that underlie them. - Extensive knowledge of ISDA Definitions - 2-3 years people manager experience, preferably in confirmations department - Strong computer skills including Microsoft Word and Excel **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.