Derivative Settlements Operations Lead – 18-Month Contract

Scotiabank; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Bonus

Flexible vacation

Personal and sick days

Comprehensive benefits

Employee referral program

Job summary

Scotiabank is seeking an Assistant Manager for Derivative Settlements Operations in Canada. The role supports the Settlements & Clearing teams across North America with emphasis on day-to-day settlements, risk controls, and client engagement.

It requires a strong foundation in OTC derivatives and capital markets operations. You will collaborate with multiple stakeholders, drive process improvements, and mentor junior staff while adapting to global coverage and peak periods.

Qualifications

• University Bachelor's Degree required.
• Solid understanding of OTC Derivative products.
• 3-5 years of experience working in Capital Market Operations.

Responsibilities

• Champion a customer focused culture to deepen client relationships within GBM.
• Oversee day-to-day settlements, investigate accounting breaks, and manage rate resets.
• Provide accurate analysis to management and support team projects in Derivative Settlements.
• Develop strong relationships with clients, counterparties, Sales and Trading, Product Control, and Technology.
• Identify and implement process improvements to maximize efficiencies.
• Act as first point of contact for issues within the Settlements team and mentor junior staff.
• Understand products supported/settled (e.g., Swaps, Forwards, Options) and related SOPs.

Skills

OTC Derivative products

Capital Market Operations

Education

Bachelor's Degree

Job description

Scotiabank is seeking an Assistant Manager for Derivative Settlements Operations in Canada. The role supports the Settlements & Clearing teams across North America with emphasis on day-to-day settlements, risk controls, and client engagement.

It requires a strong foundation in OTC derivatives and capital markets operations. You will collaborate with multiple stakeholders, drive process improvements, and mentor junior staff while adapting to global coverage and peak periods.