Director, Security Settlements, GWO

 

 

 

Requisition ID: 213756

 Salary Range: 180,000.00 - 301,500.00 

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 primary purposes of the job:

• Ensure that Global Banking and Markets’ business strategies and priorities assigned to GWO are understood and that Security Settlements has systems, processes, controls, and infrastructure in place to support it.  Working closely with the Vice-President, Security Settlement & Assets Servicing and Managing Director GWO US & Global Middle Office the incumbent will provide Securities Clearing leadership ensuring business objectives is achieved. 
• Directing assigned operations ensuring a high level of operational/cost efficiency, management control and customer service;
• Development of and execution of strategies necessary to manage the impact of on-going internally and externally initiated change upon assigned operations globally;
• Ensuring significant risk inherent in assigned operating units is identified, analyzed, understood and controlled. Maintain key controls at acceptable levels.
• Driving a performance culture in GBM through effective people management practices
• Maintain headcount and budgetary objectives each fiscal year.
• Measurement of performance through effective metrics and viewpoint results. Management of workflows through capacity management and load balancing

 

What You’ll Do 

 

• Working closely with Global Banking and Markets and GWO senior management
  • Develop a detailed understanding of GBM’s business plans/priorities and assess Security Settlements existing processes, systems, controls, and resources in relation to what will be required to effectively support the GBM business priorities and revenue objectives.
  • Where material gaps in capabilities versus requirements exist, the incumbent will either directly or indirectly drive Security Settlement efforts to resolve same.
  • Provide specialized insight and / or guidance to GBM about how operational processing requirements can best be met 
• Direct complex, multi-faceted projects arising out of GBM’s business plans including interacting with other areas of GWO (Confirmations, Middle Office, Operations Control, PMO), Technology (GWWRT), Finance, and external service providers to develop and implement new processes, systems solutions, and controls. This will frequently involve coordination of activities across geographic locations (Canada, US, UK-Europe, Asia)  
• Direct Security Settlements process and policy also influencing sister units in Toronto, London and Singapore; including Fixed Income C