Manager, DTC Security Settlements Global Wholesale Operations

Requisition ID: 275371

Salary Range:-

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.

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

Purpose

This operational leadership position is responsible for the end to end delivery of U.S. Domestic Equities and Fixed Income settlement activities within DTC.
The position supports the firms ability to operate at scale across global markets by aligning daily execution with regulatory expectations the firms risk appetite and evolving client and business needs. The manager partners closely with Operations Risk Finance Treasury Technology and Front Office teams and is accountable for team leadership issue escalation operational performance and maintaining a strong control environment.

What Youll Do

Settlement Operations & Execution Leadership
Provide oversight of daily U.S. Domestic Equities and Fixed Income DTC settlement activity including Buy-ins Securities Borrow/Loan transactions and ACATs.
Ensure accurate and timely settlement across a complex product set including equities bonds ADRs/ORDs 144A/Reg S securities and collateralized transactions.
Maintain accountability for the full settlement lifecycle including:
o Trade settlement and affirmation
o Segregation and regulatory custody requirements
o Triparty trade matching and funding activity
o P/S and DWAC processing
o Corporate actionrelated conversions and adjustments
o Cash wire processing and liquidity movements
o Daily funding cash management and position reconciliation
o Fail monitoring escalation and remediation
o Coupon margin and TMPG receivable/payable management
o Trade repricing and associated cash movements
o Management information and operational reporting

Business Partnership & Change Enablement
Act as an operational point of contact for supported businesses including Collateral Management and Funding Group Treasury Prime Services Global Equity Derivatives and Emerging & Debt Capital Markets.
Partner with Front Office Finance Treasury Technology and Risk teams to support new product launches client onboarding market expansions and operating model changes.
Influence upstream and downstream stakeholders to improve trade quality settlement outcomes and funding efficiency.

Risk Controls & Regulatory Accountability
Manage the day to day operational risk and control framework for the settlement function ensuring activities are conducted in line with internal policies regulatory requirements and the firms stated risk appetite.
Support the Senior Manager during internal and external audits regulatory exams and control reviews.
Support the teams adherence to obligations under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and Guidelines for Business Conduct.
Help drive continuous improvement in controls reconciliations exception management and issue escalation to reduce settlement risk and operational losses.

People Leadership & Talent Development
Lead develop and motivate a high performing settlement operations team fostering a culture of accountability inclusion and continuous improvement.
Support people management responsibilities including performance management workforce planning succession planning and employee engagement.
Identify individual and team development needs proactively coaching and mentoring talent to build technical depth leadership capability and bench strength.
Address performance issues through structured feedback and coaching reinforcing expected behaviors and standards.

What Youll Bring

Minimum of three years of securities settlement operations across DTC eligible securities equities and fixed income including exposure to FED and international markets.
Experience leading complex regulated environments with an understanding of operational risk controls and audit engagement.
Strong understanding of DTC CNS RTTM OW Broadridge triparty funding margining corporate actions and liquidity management.
A proven ability to partner with Front Office Treasury Risk and Technology to deliver change and support business growth.
Experience leading teams developing talent and driving cultural and performance transformation.
Experience and familiarity with custodial platforms and connected technology applications (BPS IMPACT MMI DTC CDS and ACATs)

Interested

If your experience is closely related but doesnt align perfectly with every qualification we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats 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.

#Dallas

Location(s): United States : Texas : Dallas

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.

At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however only those candidates who are selected for an interview will be contacted.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or any other characteristic protected by federal state or local law.