Job Description

Requisition ID: 275371

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.

Purpose

This operational leadership position is responsible for the end to end delivery of U.S. Domestic Equities and Fixed Income settlement activities within DTC.

The position supports the firm’s ability to operate at scale across global markets by aligning daily execution with regulatory expectations, the firm’s risk appetite, and evolving client and business needs. The manager partners closely with Operations, Risk, Finance, Treasury, Technology, and Front Office teams and is accountable for team leadership, issue escalation, operational performance, and maintaining a strong control environment.

What You'll Do

Settlement Operations & Execution Leadership

• Provide oversight of daily U.S. Domestic Equities and Fixed Income DTC settlement activity, including Buy-ins, Securities Borrow/Loan transactions, and ACATs.
• Ensure accurate and timely settlement across a complex product set, including equities, bonds, ADRs/ORDs, 144A/Reg S securities, and collateralized transactions.
• Maintain accountability for the full settlement lifecycle, including:

o Trade settlement and affirmation

o Segregation and regulatory custody requirements

o Triparty trade matching and funding activity

o P/S and DWAC processing

o Corporate action–related conversions and adjustments

o Cash wire processing and liquidity movements

o Daily funding, cash management, and position reconciliation

o Fail monitoring, escalation, and remediation

o Coupon, margin, and TMPG receivable/payable management

o Trade repricing and associated cash movements

o Management information and operational reporting

Business Partnership & Change Enablement

• Act as an operational point of 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.
• Influence upstream and downstream stakeholders to improve trade quality, settlement outcomes, and funding efficiency.

Risk, Controls & Regulatory Accountability

• Manage the day to day operational risk and control framework for the settlement function, ensuring activities are conducted in line with internal policies, regulatory requirements, and the firm’s stated risk appetite.
• Support the Senior Manager during internal and external audits, regulatory exams, and control reviews.
• Support the team’s adherence to obligations under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and Guidelines for Business Conduct.
• Help drive continuous improvement in controls, reconciliations, exception management, and issue escalation to reduce settlement risk and operational losses.

People Leadership & Talent Development

• Lead, develop, and motivate a high performing settlement operations team, fostering a culture of accountability, inclusion, and continuous improvement.
• Support people management responsibilities, including performance management, workforce planning, succession planning, and employee engagement.
• Identify individual and team development needs, proactively coaching and mentoring talent to build technical depth, leadership capability, and bench strength.
• Address performance issues through structured feedback and coaching, reinforcing expected behaviors and standards.

What You'll Bring

• Minimum of three years of securities settlement operations across DTC eligible securities, equities and fixed income, including exposure to FED and international markets.
• Experience leading complex, regulated environments, with an understanding of operational risk, controls, and audit engagement.
• Strong understanding of DTC, CNS, RTTM, OW, Broadridge, triparty funding, margining, corporate actions, and liquidity management.
• A proven ability to partner with Front Office, Treasury, Risk, and Technology to deliver change and support business growth.
• Experience leading teams, developing talent, and driving cultural and performance transformation.
• Experience and familiarity with custodial platforms and connected technology applications (BPS, IMPACT, MMI, DTC, CDS, and ACATs)

Interested?

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.