Scotiabank

Director, Global FX & Money Markets Operations (GWO)

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • University degree in Business, Finance, Accounting, Economics, or related discipline
  • 10+ years of progressive leadership experience in capital markets operations, particularly in FX and MM
  • Proven experience managing global or multi-region operations teams
  • Demonstrated leadership in strategic initiatives and technology-enabled transformation
  • Evidence of improving operating efficiency and straight-through processing
  • Strong stakeholder management experience across various business functions
  • Proficient in Microsoft Excel, PowerPoint, and operations tools; Spanish fluency is a plus.

Responsibilities

  • Lead a customer-focused culture that enhances client relationships
  • Oversee FX and MM operational activities related to trade confirmation and cash-flow settlement
  • Support business line operations through strategic initiatives and system enhancements
  • Define and deliver straight-through processing (STP) strategy
  • Ensure effective risk and controls execution within business lines
  • Drive global standardization of operating procedures and processes
  • Create a positive and engaging team environment aligned with corporate values.

Benefits

  • A rewarding career path with diverse professional development opportunities
  • Commitment to community impact for employees and customers
  • Competitive rewards program including bonuses and flexible vacation
  • Focus on Diversity, Equity, Inclusion & Allyship within the workplace
  • Accessibility and accommodations for all employees.
Full Job Description
Requisition ID: 269698

The Role

Manages and contributes to the overall success of Foreign Exchange (FX) & Money Market (MM) Operations, ensuring business goals, plans and initiatives are executed in support of the team's business strategies and objectives. Ensures all activities conducted and services delivered are in compliance with governing regulations, internal policies and procedures. The Director leads the day-to-day operating model across business support lines while advancing strategic initiatives, business growth and technology-enabled change. This includes oversight of core operational processing, client service, risk and controls, process standardization and the proactive delivery of operational support for strategic business growth initiatives and system implementations and enhancements to support evolving business needs, global consistency and scalable growth.

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

  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Oversees and maintains the operational activities and processes originating from FX and MM, conducted by GBM and Group Treasury. Activity supported is conducted by various Front Office Sales & Trading desks located in multiple geographic locations and jurisdictions. Examples of activities include but are not limited to trade confirmation, cash-flow settlement, cash control.
  • Supports each business line operations team through strategic initiatives, business growth and related system implementations and enhancements, to strengthen scalability, client service delivery and operational effectiveness.
  • Defines straight-through processing (STP) strategy and leads delivery of STP targets across each business support line, with clear performance oversight, process optimization and accountability.
  • Provides leadership and oversight for risk and controls within each business line, ensuring strong control execution, timely remediation and the successful completion and closure of all audit-related activities.
  • Drives standardization globally across both operating pillars through SOPs, SLAs and process review and design standards, creating a more consistent, efficient and scalable operating model.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Creates a positive environment in which the team is engaged and pursues effective and efficient operations of their respective areas in accordance with ScotiaBond values, the Code of Conduct and the Global Sales and Trading Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Builds a high performance environment and implements a people strategy that attracts, retains, develops engages and motivates a diverse team by fostering an inclusive work environment and using a coaching mindset and behaviors, communicating vison/values/business strategy, and managing succession and development planning for the team.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • University degree in Business, Finance, Accounting, Economics or a related discipline
  • 10+ years of progressive leadership experience in capital markets operations, with deep expertise in FX and MM operations, confirmation and settlement processes, controls, and managing operational risk
  • Proven leadership experience managing global or multi-region operations teams, including oversight of BAU delivery, service quality, risk management and business continuity
  • Demonstrated experience leading strategic initiatives, operating model optimization and technology-enabled transformation, including process redesign, system implementation and workflow automation
  • Demonstrated success improving straight-through processing, standardization and operating efficiency, supported by strong process governance and control discipline
  • Strong stakeholder management skills with experience partnering across Operations, Technology, Front Office, Finance, Risk and Control functions
  • Strong people leadership capabilities, with experience building high-performing teams, leading leaders and managing change in complex environments
  • Strong analytical, problem-solving and communication skills, with the ability to translate business needs into operational and technology solutions
  • Advanced proficiency in Microsoft Excel, PowerPoint and workflow / operations tools; experience with data analysis and management reporting is an asset
  • Spanish language fluency is considered an asset


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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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