Analyst - Derivatives Settlements (GWO)

Scotiabank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading bank in the Americas is looking for a professional to join their Derivative Settlements Operations team in Toronto. This role involves managing settlement activities for derivative products, resolving discrepancies, and ensuring compliance with regulations. Candidates should have a bachelor's degree in a relevant field and strong proficiency in derivative products. The position offers career development opportunities, a competitive rewards program, and an inclusive workplace culture.

Benefits

Competitive rewards program

Flexible vacation and personal days

Comprehensive benefits starting on the first day

Qualifications

• 1+ year of experience in Capital Markets Operations or similar environment.
• Knowledge of regulatory requirements related to Capital Markets operations.
• Understanding of operational risk controls and compliance frameworks.

Responsibilities

• Champion a client-focused culture by building strong relationships.
• Manage day-to-day settlement activities, including daily settlements for derivative products.
• Collaborate with internal stakeholders to ensure timely processes.

Skills

Solid understanding of derivative products and settlement lifecycle

Proficiency in MS Excel and other data analysis tools

Ability to perform reconciliations and resolve settlement discrepancies

Education

Bachelor’s degree in Finance, Economics, Business, or related field

Tools

Settlement systems

Trade capture platforms

Job description

Requisition ID: 245262

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role

Join our dynamic Derivative Settlements Operations / Settlements & Clearing team in Canada and play a critical role in ensuring the smooth and accurate settlement of complex derivative transactions. You will contribute to the team’s success by executing operational activities, mitigating risk, and supporting strategic initiatives - all while maintaining compliance with regulatory requirements and internal controls.

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

• Champion a client‑focused culture by building strong relationships and leveraging broader Bank resources to deliver exceptional service.
• Manage day‑to‑day settlement activities, including:
• Completing daily settlements for derivative products
• Investigating and resolving settlement disputes with clients and counterparties
• Performing post‑settlement reconciliations of cash and accounting breaks
• Distributing rate reset notifications and MTM reporting
• Collaborate with internal stakeholders (Front Office, Product Control, IT) to ensure timely and accurate processes and resolve discrepancies with urgency.
• Serve as the first point of contact for clients, providing timely and insightful feedback on settlement‑related inquiries.
• Develop expertise in derivative products, including Cross Currency Swaps, Credit Default Swaps, FX Options, Equity Options, and more.
• Identify and mitigate operational risks, ensuring robust controls and cross‑training for coverage.
• Drive process improvements to enhance efficiency and accuracy.
• Ensure compliance with operational risk, regulatory requirements, AML/ATF guidelines, and conduct risk frameworks.
• Contribute to a high‑performance and inclusive work environment that values collaboration and continuous improvement.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Bachelor’s degree in Finance, Economics, Business, or related field
• Solid understanding of derivative products and settlement lifecycle
• 1+ year of experience in Capital Markets Operations or similar environment
• Hands‑on experience with settlement systems and trade capture platforms
• Proficiency in MS Excel and other data analysis tools
• Knowledge of regulatory requirements related to Capital Markets operations
• Understanding of operational risk controls and compliance frameworks (AML/ATF, Conduct Risk)
• Ability to perform reconciliations and resolve settlement discrepancies
• Familiarity with MTM reporting and rate reset processes
• Exposure to a wide range of derivative products, including:
• Cross Currency Swaps
• Credit Default Swaps
• FX Options
• Equity Options
• Forward Rate Agreements
• Swaptions
• Caps, Floors, and other structured products

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

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, 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.