Manager - Collateral Operations (GWO)

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive rewards program

Flexible vacation days

Comprehensive benefits

Job summary

Scotiabank is looking for a Manager - Collateral Operations in Toronto, Ontario. You will lead the Collateral Operations team, overseeing critical activities such as collateral management for securities lending. Your focus will be on ensuring timely execution of operations and maintaining strong relationships with internal stakeholders.

The ideal candidate must have extensive experience in collateral management and securities lending, a strong understanding of regulatory frameworks, and the ability to lead teams effectively.

Scotiabank offers a competitive rewards program, professional development opportunities, and a commitment to an inclusive culture where every employee can thrive.

Qualifications

• Proven experience in collateral management and securities lending operations.
• Strong understanding of securities lending workflows and operational risk controls.
• Hands-on experience with industry platforms.

Responsibilities

• Lead and develop the Collateral Operations team.
• Oversee daily collateral workflows and settlements.
• Ensure adherence to regulatory requirements.

Skills

Collateral management

Securities lending operations

Risk controls

Data analysis

People management

Tools

Power BI

Python

Pirum

EquiLend

Job description

Title: Manager - Collateral Operations (GWO)

Requisition ID: 263996

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

The Role

As Manager, Collateral Operations, you will lead and oversee critical collateral management activities supporting securities lending across the Scotia Group. This includes partnering with teams across Scotia Capital USA, Prime Services, Wealth & Group Treasury, and Collateral Management & Funding to ensure accurate, timely, and risk‑controlled execution of daily operations.

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

• Lead, coach, and develop a high‑performing Collateral Operations team, driving strong standards for accuracy, service, and control.
• Act as the primary escalation point for complex issues, providing guidance on process interpretation and resolution.
• Oversee daily collateral workflows across bilateral and triparty arrangements, including margining, settlements, and reconciliations.
• Ensure exposures are accurately monitored and collateral coverage requirements are consistently met.
• Manage workflow distribution, capacity planning, and operational priorities to ensure efficient execution.
• Review exception reporting, exposure metrics, and operational KPIs to identify risks and improvement opportunities.
• Drive continuous improvement initiatives, including process enhancements and SOP updates aligned with best practices.
• Support and lead cross‑functional projects, including system enhancements and process changes.
• Maintain strong relationships with internal stakeholders, custodians, and counterparties to resolve issues efficiently.
• Ensure adherence to collateral guidelines, internal controls, and U.S./Canadian regulatory requirements.
• Lead root cause analysis and implement corrective actions to mitigate operational risk.
• Oversee funding requirements and ensure accurate movement of cash and securities across depositories.

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

• Proven experience in collateral management and securities lending operations, including margining and exposure reconciliation across bilateral and triparty structures.
• Strong understanding of securities lending workflows, collateralization practices, and operational risk controls.
• Working knowledge of U.S. and Canadian regulatory frameworks related to collateral and securities lending.
• Hands‑on experience with industry platforms such as Pirum, EquiLend, and SBL systems (e.g., Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil).
• Familiarity with triparty agents and custodians (e.g., BNY Mellon, JPMorgan) and depositories (e.g., CDS, DTCC, BNY Fed).
• Experience leveraging data and reporting tools (e.g., Power BI, Python) to support analysis and automation.
• Prior people management experience, with the ability to lead teams and influence stakeholders.
• Strong problem‑solving mindset with a focus on process improvement and risk mitigation.

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 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.

Location(s): Canada : Ontario : Toronto