Scotiabank

Assistant Manager - Collateral Operations (GWO)

Scotiabank$75K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of hands-on experience in collateral management and securities lending operations.
  • Strong knowledge of margining, exposure monitoring, and reconciliations across bilateral and triparty arrangements.
  • Familiarity with key industry platforms like Pirum and EquiLend, and lending systems such as Loanet and Gloss.
  • Understanding of triparty agents, custodians, and depositories like BNY Mellon and DTCC.
  • Knowledge of U.S. and Canadian regulatory frameworks concerning collateral management and securities lending.
  • Experience in evaluating operational metrics and exception reports in a financial services environment.
  • Technical proficiency in data analysis and reporting tools such as Python and Power BI.

Responsibilities

  • Support daily workflows for collateral management, including margin calls and settlements.
  • Monitor compliance with deadlines, coverage, and service levels in operational activities.
  • Review and analyze exposure data and exception reports to pinpoint discrepancies and risks.
  • Act as an escalation point for operational issues, guiding resolution and process execution.
  • Coordinate workflows and allocate tasks among team members for efficiency.
  • Drive process improvements and contribute to updates of standard operating procedures.
  • Collaborate with internal stakeholders and external partners to resolve operational issues.

Benefits

  • A rewarding career path with opportunities for professional development.
  • Commitment to creating a positive impact in communities for customers and employees.
  • Competitive rewards program that includes bonuses, flexible vacation, and comprehensive benefits from day one.
  • Focus on Diversity, Equity, Inclusion & Allyship, fostering an inclusive culture.
  • Commitment to accessibility and workplace accommodations for a diverse workforce.
Full Job Description
Requisition ID: 265481

The Role

As Assistant Manager, Collateral Operations, you will support the day-to-day execution of global collateral management activities for securities borrowing and lending across the Scotia Group. You will oversee margining, exposure monitoring, settlements, and reconciliations, ensuring accurate and timely delivery while supporting operational oversight and process improvements.

Is this role right for you? In this role, you will:

  • Support daily collateral workflows across bilateral and triparty arrangements, including margin calls, settlements, exposure monitoring, and reconciliations
  • Monitor operational activities to ensure deadlines, collateral coverage, and service level expectations are consistently met
  • Review exception reports, exposure data, and operational metrics to identify discrepancies and risks
  • Act as an escalation point for operational issues, providing guidance on process execution and resolution
  • Support workflow coordination, capacity planning, and allocation of daily tasks across the team
  • Contribute to process improvements, SOP updates, and operational efficiency initiatives
  • Partner with internal stakeholders, custodians, triparty agents, and counterparties to resolve issues
  • Ensure adherence to internal controls, collateral guidelines, and U.S./Canadian regulatory requirements
  • Participate in system enhancements, testing activities, and project initiatives related to collateral operations


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Hands-on experience in collateral management, including margining, exposure monitoring, and reconciliations across bilateral and triparty arrangements
  • Strong understanding of securities lending operations and collateralization practices
  • Experience with industry platforms such as Pirum, EquiLend, and securities lending systems (Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil)
  • Familiarity with triparty agents and custodians (BNY Mellon, JPMorgan) and depositories (CDS, DTCC, BNY Fed)
  • Working knowledge of U.S. and Canadian regulatory frameworks related to collateral management and securities lending
  • Experience reviewing exposure reports, exception reporting, and operational metrics
  • Technical skills in data and reporting tools such as Python and Power BI
  • Experience supporting operational workflows, process improvements, and system changes within collateral or securities lending environments


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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