Manager - FX & Commodities, Middle Office (GWO)

Scotiabank; Toronto; On-site; CAD 110,000 - 140,000; Full time

Job summary

Scotiabank in Toronto, Canada, is seeking a Manager for FX & Commodities Middle Office to lead day-to-day activities across the trade lifecycle, ensuring accurate trade support, reconciliations and client service.

You will partner with Front Office and cross-functional teams to identify opportunities to strengthen controls, improve processes and drive operational efficiency, while coaching a team in a fast-paced environment and upholding regulatory standards.

Qualifications

• Experience in capital markets, banking or related financial services.
• Knowledge of FX and/or Commodities products and trade lifecycle.
• Experience in Middle Office, Trade Support or related operations.
• Proven leadership and coaching ability.
• Strong analytical, problem-solving and process-improvement skills.
• Excellent communication and stakeholder management.
• Ability to manage priorities in a fast-paced environment.
• Strong Excel skills and understanding of operational processes.

Responsibilities

• Lead and support daily Middle Office activities across FX and Commodities trade lifecycle.
• Identify, investigate and resolve complex operational and trade issues.
• Lead, coach and develop a high-performance team.
• Partner with Front Office and stakeholders to address business needs.
• Identify opportunities to improve processes, controls and efficiency.
• Develop and implement process improvements with testing and monitoring.
• Maintain strong operational controls in line with regulatory requirements.
• Build relationships and influence stakeholders across the organization.

Skills

Leadership

FX & Commodities knowledge

Trade lifecycle understanding

Analytical thinking

Problem solving

Communication skills

Stakeholder management

Independent work

Team coaching

Tools

Excel

Murex

SQL

VBA

Access

Wall Street FX

Job description

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Requisition ID: 275973
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role As the Manager, FX & Commodities Middle Office, you will play a key role in supporting FX and Commodities businesses across Global Banking & Markets. You will lead and support day‑to‑day Middle Office activities across the trade lifecycle, with a focus on trade support, operational controls, reconciliations and client service.

You will also work closely with the Middle Office Management team and key partners across the business to identify opportunities to improve processes, strengthen controls and enhance operational efficiency.

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

• Lead and support daily Middle Office activities across the FX and Commodities trade lifecycle, including trade support, trade administration, reconciliations, position management and client service.
• Independently identify, investigate and resolve complex operational and trade‑related issues, often within tight timelines.
• Lead, coach and develop a team, fostering an inclusive, collaborative and high‑performance environment.
• Partner with Front Office and other stakeholders to address business needs, resolve issues and support effective trade lifecycle management.
• Identify opportunities to improve processes, controls and operational efficiency across the Middle Office.
• Support the development and implementation of process improvements, including defining business requirements, testing solutions and monitoring implementation.
• Maintain strong operational controls and ensure activities are conducted in accordance with applicable regulatory requirements, internal policies and risk management standards.
• Build strong relationships across the organization and effectively influence stakeholders at various levels.

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

• Prior experience in capital markets, banking, financial services or a related environment.
• Strong knowledge of FX and/or Commodities products, including the trade lifecycle, operational controls and capital markets processes.
• Experience supporting FX and/or Commodities within a Middle Office, Trade Support or related capital markets operations environment.
• Demonstrated leadership experience, with the ability to coach, develop and support a team.
• Strong analytical and problem‑solving skills, with experience identifying and implementing process improvements.
• Strong communication and stakeholder management skills, with the ability to work effectively with Front Office and cross‑functional partners.
• Ability to work independently, manage competing priorities and make sound decisions in a fast‑paced environment.
• Strong Excel skills and a solid understanding of operational processes.

Nice to have:

• Hands‑on experience with Wall Street FX.
• Experience with Murex.
• Knowledge of SQL, VBA or Access.
• Experience with process mapping, business analysis or solution implementation.

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.