Scotiabank

Manager - Collateral Operations (GWO)

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in collateral management and securities lending operations
  • In-depth knowledge of securities lending workflows and collateralization practices
  • Familiarity with U.S. and Canadian regulatory frameworks for collateral management
  • Hands-on experience with industry platforms like Pirum and EquiLend
  • Understanding of triparty agents, custodians, and depositories
  • Proficient in data analysis tools like Power BI and Python
  • Demonstrated leadership and people management skills

Responsibilities

  • Lead and develop a high-performing Collateral Operations team
  • Act as the primary escalation point for complex collateral issues
  • Oversee daily collateral workflows, including margining and settlements
  • Monitor exposures and ensure collateral coverage requirements are met
  • Manage workflow distribution and operational priorities for efficiency
  • Review and analyze operational KPIs and exception reports
  • Drive continuous improvement initiatives and process enhancements

Benefits

  • Opportunities for professional development and career advancement
  • Commitment to community engagement and customer impact
  • Competitive rewards, including bonus and flexible time off
  • Focus on diversity, equity, and inclusion in the workplace
  • Accessibility and accommodations for all employees
Full Job Description
Requisition ID: 263996

The Role

As Manager, Collateral Operations, you will lead and oversee critical collateral management activities supporting securities lending across the Scotia Group. This includes partnering with teams across Scotia Capital USA, Prime Services, Wealth & Group Treasury, and Collateral Management & Funding to ensure accurate, timely, and risk-controlled execution of daily operations.

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

  • Lead, coach, and develop a high-performing Collateral Operations team, driving strong standards for accuracy, service, and control
  • Act as the primary escalation point for complex issues, providing guidance on process interpretation and resolution
  • Oversee daily collateral workflows across bilateral and triparty arrangements, including margining, settlements, and reconciliations
  • Ensure exposures are accurately monitored and collateral coverage requirements are consistently met
  • Manage workflow distribution, capacity planning, and operational priorities to ensure efficient execution
  • Review exception reporting, exposure metrics, and operational KPIs to identify risks and improvement opportunities
  • Drive continuous improvement initiatives, including process enhancements and SOP updates aligned with best practices
  • Support and lead cross-functional projects, including system enhancements and process changes
  • Maintain strong relationships with internal stakeholders, custodians, and counterparties to resolve issues efficiently
  • Ensure adherence to collateral guidelines, internal controls, and U.S./Canadian regulatory requirements
  • Lead root cause analysis and implement corrective actions to mitigate operational risk
  • Oversee funding requirements and ensure accurate movement of cash and securities across depositories


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Proven experience in collateral management and securities lending operations, including margining and exposure reconciliation across bilateral and triparty structures
  • Strong understanding of securities lending workflows, collateralization practices, and operational risk controls
  • Working knowledge of U.S. and Canadian regulatory frameworks related to collateral and securities lending
  • Hands-on experience with industry platforms such as Pirum, EquiLend, and SBL systems (e.g., Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil)
  • Familiarity with triparty agents and custodians (e.g., BNY Mellon, JPMorgan) and depositories (e.g., CDS, DTCC, BNY Fed)
  • Experience leveraging data and reporting tools (e.g., Power BI, Python) to support analysis and automation
  • Prior people management experience, with the ability to lead teams and influence stakeholders
  • Strong problem-solving mindset with a focus on process improvement and risk mitigation


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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Manager - Collateral Operations (GWO) jobs:

NationwideToronto, ON