What are the responsibilities and job description for the Manager, GWO US Securities Settlements position at Scotiabank?
Requisition ID: 266034
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 candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The role is an operational management position responsible for supporting the day-to-day delivery of U.S. Domestic and International Equities and Fixed Income settlement activities. The incumbent plays an important role in ensuring the accurate, timely, and controlled settlement of a broad range of securities products across multiple business lines, while supporting process improvement, control discipline, and business change.
The position contributes to the firm’s ability to operate effectively across global markets by translating business, regulatory, and control expectations into consistent daily execution. The role works closely with Operations, Risk, Finance, Treasury, Technology, and Front Office partners, with accountability for team supervision, issue escalation, operational performance, and support of a strong control environment.
What You'll Do
Settlement Operations & Execution Leadership
Business Partnership & Change Enablement
Risk, Controls & Regulatory Accountability
People Leadership & Talent Development
If your experience is closely related but doesn’t 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. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's 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.
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 candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The role is an operational management position responsible for supporting the day-to-day delivery of U.S. Domestic and International Equities and Fixed Income settlement activities. The incumbent plays an important role in ensuring the accurate, timely, and controlled settlement of a broad range of securities products across multiple business lines, while supporting process improvement, control discipline, and business change.
The position contributes to the firm’s ability to operate effectively across global markets by translating business, regulatory, and control expectations into consistent daily execution. The role works closely with Operations, Risk, Finance, Treasury, Technology, and Front Office partners, with accountability for team supervision, issue escalation, operational performance, and support of a strong control environment.
What You'll Do
Settlement Operations & Execution Leadership
- Manage and oversee daily U.S. Domestic and International Equities and Fixed Income settlement activity, including Fed Settlements and Securities Borrow/Loan transactions, supporting both local and international business lines.
- Support accurate and timely settlement across a complex product set, including equities, bonds, ADRs/ORDs, 144A/Reg S securities, and collateralized transactions.
- Coordinate and monitor key activities across the settlement lifecycle, including:
- Trade settlement and affirmation
- Segregation and regulatory custody requirements
- Triparty trade matching and funding activity
- P/S and DWAC processing
- Corporate action–related conversions and adjustments
- Cash wire processing and liquidity movements
- Daily funding, cash management, and position reconciliation
- Fail monitoring, escalation, and remediation
- Coupon, margin, and TMPG receivable/payable management
- Trade repricing and associated cash movements
- Management information and operational reporting
Business Partnership & Change Enablement
- Act as a key operational 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.
- Support operational readiness for new business initiatives, helping ensure scalability, control readiness, and regulatory alignment prior to go-live.
- Work with upstream and downstream stakeholders to improve trade quality, settlement outcomes, and funding efficiency.
Risk, Controls & Regulatory Accountability
- Manage day-to-day operational risk and control activities for the settlement function, ensuring processes are performed in line with internal policies, regulatory requirements, and the firm’s stated risk appetite.
- Support internal and external audits, regulatory exams, and control reviews, including evidence gathering, issue tracking, remediation support, and sustainable control enhancements.
- Ensure adherence to obligations under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and Guidelines for Business Conduct.
- Contribute to continuous improvement in controls, reconciliations, exception management, and issue escalation to reduce settlement risk and operational losses.
People Leadership & Talent Development
- Supervise, coach, and motivate settlement operations team members, fostering a culture of accountability, inclusion, collaboration, and continuous improvement.
- Set clear expectations aligned to business strategy, operational excellence, and risk discipline.
- Support people-manager responsibilities, including performance feedback, resource planning, development conversations, and employee engagement activities.
- Identify individual and team development needs, providing coaching and guidance to build technical depth, operational judgment, and leadership capability.
- Address performance and conduct matters through timely feedback, coaching, and escalation where appropriate, reinforcing expected behaviors and standards.
- Strong experience in securities settlement operations across Fed eligible securities, equities and fixed income, including exposure to domestic and international markets.
- Experience working in complex, regulated environments, with a sound understanding of operational risk, controls, and audit expectations.
- Strong understanding of Fed settlements, triparty funding, margining, corporate actions, and liquidity management.
- A proven ability to partner with Front Office, Treasury, Risk, and Technology teams to support change and business requirements.
- Experience supervising teams, supporting talent development, and reinforcing a strong performance and control culture.
- The confidence and credibility to engage with business partners, auditors, control partners, and senior management on operational matters.
- Experience and familiarity with custodial platforms and connected technology applications, such as BNY Access Edge, Treasury Edge, ADP, IMPACT, MMI, Anvil, DTC, and CDS.
If your experience is closely related but doesn’t 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. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's 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.