Assistant Manager, Collateral Operations - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 182530

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

Assistant Manager, Collateral Operations - GWO - Toronto, ON

Requisition ID: 182530
"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

Maintain a positive working relationship with all stakeholders ensuring all collateral issue (margin calls, settlements, exposures) and from timetotime, reconciliations, are dealt with professionally and promptly.
Be a point of reference to the team members for interpretation, learning and understanding of task and responsibilities.
Contribute to the efficient cost effectiveness of the unit's operation.
Monitoring to ensure appropriate action is taken to address any outstanding problems to meet regulatory guidelines.
Supervise and be a point of reference for other team members regarding collateral management processes and procedures.
Monitoring daily processes ensuring timely action and responses are given to issues that arise while ensuring deadlines and collateral coverage is successful.
Foster the identification of operational inefficiencies, risks, and problems by the team.
Measurement and improvement 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.
Assist as a change agent in introducing any systemic changes or enhancements.
Review of critical reports and completed work to track exception items and to assess necessity to amend or improve processes.
Provide support to the Manager, 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
Ensure service levels meet customer needs in a manner consistent with Scotia Service Standards by: Providing focused customer service to both internal and external customers. Ensuring all client margin calls are processed and cleared daily in a timely and accurate manner. Responding promptly and professionally to inquiries from customers, business lines supported and other units within GWO. Ensuring that any activity undertaken by the unit in support of the various business lines that could have adverse customer impact is promptly identified and appropriate senior management / business lines are notified accordingly

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.
Highly developed analytical and problemsolving skills are necessary as well as a good knowledge of the Bank's operational and compliance policies, practices, and procedures. Industry standards and infrastructure rules and regulations in relation to North American settlements are also required.
Must be conversant and have a strong grasp of principles for the systems used by the unit including Collateral Operations Systems (Colline as an example), AcadiaSoft, CDS, DTC. Tri-Party platforms.
Must possess expert knowledge of all Bank policies, regulatory requirements, limits, and controls which may affect or restrict all aspects of the daytoday responsibilities for the unit.
Ability to provide reliable and timely responses confidently to direct inquiries from customers, traders/sales personnel & management.
Ability to effectively delegate, team build and provide coaching and feedback.
Sound appreciation of the risks inherent in the unit.
Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems, and client needs.
The po