Derivatives Clearing Specialist – Options & Settlements

Scotiabank; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

Scotiabank is seeking a Derivatives Clearing Officer in Toronto to support exchange traded options. You will back up and assist the Contracts & Options desks and collaborate with US and Canada Equity Clearing and Trade Admin teams.

You will reconcile CDCC/OCC, process settlements, handle option assignments, transfers, and escrow, and ensure accurate reporting to TMX/CDCC while maintaining service standards.

Qualifications

• A university degree or college diploma or equivalent.
• CSC or working towards is an asset.
• Foundational knowledge of options (calls, puts, expiry).
• Experience with trade reporting systems such as Arrow, AS400, BPSA, Webpost, On Demand OAES and Broadridge products.
• Experience with CDCC and OCC derivatives clearing systems for clearing options.
• Solid working knowledge of Microsoft Office, including Excel.
• Strong attention to detail with accuracy in reconciliation.
• Strong analytical skills to assess trade-related issues.

Responsibilities

• Perform CDCC/OCC reconciliation and process settlement.
• Support Institutional Equity Option Trading for CAD/US trades.
• Process option assignment/exercise and transfers between brokers.
• Monitor pledged securities Escrow.
• Review illogical/paired-off reports for CDCC items and take action.
• Process CDCC series adjustments.
• Take appropriate action for institutional execution and settlements.
• Submit FIFO information on OCC/CDCC.
• Report Options Positions to TMX/CDCC for regulatory thresholds.
• Monitor corporate actions and ensure correct settlement instructions.
• Cross train and cover other areas; assist with weekly/monthly expiry.
• Provide client service per Scotia Service Standards.
• Maintain knowledge of all systems required to complete tasks efficiently.

Skills

Attention to detail

Analytical thinking

Multitasking

Verbal communication

Written communication

Time management

Education

University Degree or College Diploma or equivalent

Canadian Securities Course (CSC) or working towards

Tools

Arrow

AS400

BPSA

Webpost

On Demand OAES

Broadridge products

Microsoft Excel

Job description

Scotiabank is seeking a Derivatives Clearing Officer in Toronto to support exchange traded options. You will back up and assist the Contracts & Options desks and collaborate with US and Canada Equity Clearing and Trade Admin teams.

You will reconcile CDCC/OCC, process settlements, handle option assignments, transfers, and escrow, and ensure accurate reporting to TMX/CDCC while maintaining service standards.