Scotiabank

Senior Manager, Bank Execution

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of banking experience in credit or execution roles, preferably in international settings.
  • Proficiency in Spanish or another major language is preferred.
  • University degree required; MBA or CFA preferred.
  • Strong understanding of regulatory frameworks and compliance requirements in various jurisdictions.
  • Experience with financial analysis and credit structuring, particularly in Capital Markets.

Responsibilities

  • Lead the implementation of business strategies and ensure compliance with regulations.
  • Deepen client relationships and enhance customer-focused culture within the team.
  • Prepare and submit credit requests, conducting financial analyses for both existing and prospective clients.
  • Provide credit and execution support for product teams, ensuring timely processing of requests.
  • Negotiate and review complex credit documentation for new accounts and transactions.
  • Manage a diverse portfolio of Financial Institutions, considering varying regulatory and market conditions.
  • Mentor and train junior team members, fostering a collaborative environment for best practices.

Benefits

  • Opportunity for career growth within a leading international banking institution.
  • Access to continuous professional development and training programs.
  • Collaborative work environment with emphasis on teamwork and mentoring.
  • Support for maintaining a good work-life balance, with acknowledgment of non-standard hours.
  • Inclusive workplace that values diversity and encourages comprehensive personal and professional development.
Full Job Description
Requisition ID: 267611

Purpose

Leads and oversees International Banking - Global Banking and Markets / Capital Markets in Toronto, Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

What you will do?

  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Insert specific role accountability (as opposed to your annual deliverables) that outlines a significant aspect of the job and how it is achieved.
  • The preparation of credit requests for new and existing counterparties, which includes financial analysis and appropriate transaction structuring and risk mitigation, as well as all other credit related requests to be submitted to Global Risk Management for adjudication and other internal approval groups. The Senior Manager is expected to be an expert of the inherent credit risks in the portfolio and will be responsible for some of the team's more complex requests, and counterparties which generate the highest level of revenue. Also, a Senior Manager needs to be available to step-in and provide seamless coverage of all accounts in the portfolio in the absence of any team member, including the Director.
  • Provide ongoing credit and execution support for marketers/product teams and traders which includes supporting new business products/initiatives and processing their limit requests within the requested timeline. The Senior Manager will become the primary service contact for the onboarding, credit execution and maintenance of these IB-GBM relationships for the Financial Institutions (FIs) assigned portfolio.
  • A strong interest in international issues, including an awareness of global trade flows and business trends (economic, technological, social, legal, regulatory and political conditions and other factors) which could impact the financial viability of a client within the Department's global footprint.
  • The oversight of the negotiation and review of credit documentation, such as the ISDA/CSA, GRMA and GMSLA, for new transactions and onboarding of new accounts for various Scotiabank entities. The Senior Manager will be aware of the standard terms that are acceptable to Scotiabank within these documents and will understand the mechanics of the terms.
  • In-depth knowledge of the Bank's lending policies, practices and procedures, as well as proven credit judgement.
  • Strong communication skills, both written and oral, together with an ability to listen closely and ask relevant questions, are needed in order to interact with the many internal and external stakeholders.
  • Ability to independently manage a portfolio of FIs counterparties in various countries with varying banking sector dynamics, jurisdictions, accounting standards, regulatory requirements, etc.
  • Interpersonal and time management skills are essential, as is a strong aptitude for understanding and managing operational risks that impact the credit function.
  • Actively using various Scotiabank and IB and GBM Management Information Systems, trading and booking systems to provide accurate and relevant information as required.
  • It is essential for the Senior Manager to have a strong understanding of the regulatory framework of the relevant jurisdictions, in addition to an understanding of Scotiabank's internal Compliance/KYC/AML onboarding and remediation requirements.
  • Liaise with and manage relationships with Global Risk Management, Counterparty Credit Risk, Market Risk Management, Legal, Tax, Finance, Compliance, Global Wholesale Services, Global Capital Markets Documentation, and other Execution teams.
  • Collaborate with team members to share best practices and market insight to effectively manage the portfolio as a team. The Senior Manager is expected to actively mentor/train junior team members.
  • Senior Managers are expected to take initiative and challenge the status quo ultimately for positive change within GCM Banking.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales 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 and motivates their 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.


Qualifications
  • Prior Banking experience in a credit or execution related role. Exposure to regions such as Latin America, Europe and Asia is considered an asset.
  • Proficiency in a second major language (in particular, Spanish) is considered an asset.
  • University education or post-graduate education. An MBA or CFA is considered


What You'll Bring:
  • Support IB-GBM / GCM Trading Desks Globally
  • Work with multiple trading and client management systems (ALGO, C360, CorrRisk, Salesforce)
  • The negotiation and review of documentation for related transactions for BNS, SCI, SBE, SBI, BNSAL, and SCUSA
  • Will liaise with GRM, CCR, MRM, Legal, Tax, Finance, Compliance, GWS, GCM Documentation, and other Execution teamsPrior Banking experience in a credit or execution related role. Exposure to regions such as Latin America, Europe and Asia is considered an asset.
  • Spanish is required
  • University education or post-graduate education. An MBA or CFA is considered an asset


Work Arrangement:

Work in a standard office-based environment; non-standard hours are a common occurrence. No travel required.

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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