Senior Manager, Collateral & Margining Technology (Capital Markets Technology)

Scotiabank; Toronto; On-site; CAD 150,000 - 190,000; Full time

Benefits offered by this job

Competitive rewards

Tuition assistance

Flexible vacation

Accessibility accommodations

Job summary

Scotiabank in Toronto, Canada, seeks Senior Manager, Collateral & Margining Technology to lead global technology supporting collateral management and margin processing across derivatives and other secured products.

You will drive modernization, partner with Operations, Risk, Legal, and Front Office, define architecture, ensure 24x7 production stability, manage large programs, and align technology strategy with regulatory obligations.

Qualifications

• 8+ years of technology and capital markets experience in a regulated financial institution.
• 2+ years of people management experience.
• Strong background in collateral management, margining, and risk.
• Experience with large-scale technology programs and vendor management.

Responsibilities

• Own end-to-end technology stack for collateral and margining across derivatives and related products.
• Provide strategic leadership for processing across cleared/uncleared markets and securities financing.
• Drive modernization: workflow automation, real-time monitoring, and disaster recovery.
• Ensure 24x7 production stability with global follow-the-sun support and incident management.
• Lead delivery of large technology programs with disciplined management of scope, risk, and benefits.
• Translate requirements into roadmaps and executable delivery plans with stakeholders.

Skills

Technology leadership

Capital markets

People management

Collateral management

Regulatory knowledge

Tools

Acadia

Vermeg Colline

Job description

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Title: Senior Manager, Collateral & Margining Technology (Capital Markets Technology)

Requisition ID: 278274

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

The Team

The Senior Manager, Collateral & Margining Technology (Capital Markets Technology) is responsible for the strategic direction, leadership, and oversight of the global technology capabilities supporting collateral management and margin processing across cleared and uncleared derivatives, securities financing, and other secured wholesale products.

The Role

This role leads modernization of the Bank’s collateral and margining technology landscape, partnering closely with Global Wholesale Operations, Front Office, Risk, Finance, Legal, Treasury, and regional Technology teams. The incumbent will define and execute a technology strategy that strengthens regulatory compliance, optimizes liquidity and collateral usage, reduces operational risk, improves straight-through processing, and delivers resilient global services.

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

• Own the end-to-end technology stack supporting collateral and margining, including margin calculation inputs, call issuance and response, dispute management, collateral allocation, settlement instruction generation, substitutions, interest processing, reconciliations, and exception management.
• Provide strategic leadership for collateral and margin processing across cleared and uncleared OTC derivatives, listed derivatives, securities financing transactions, and other secured wholesale products.
• Drive modernization initiatives focused on workflow automation, straight-through processing, data quality, real-time monitoring, resiliency, and reduction of manual controls and operational risk.
• Ensure 24x7 production stability for critical collateral and margining platforms with global follow-the-sun support, effective incident management, and tested business continuity and disaster recovery capabilities.
• Lead delivery of medium to large technology programs with annual IT spend typically ranging from $2MM to $15MM, ensuring disciplined scope, financial, dependency, risk, and benefits management.
• Manage complex regulatory and industry-driven initiatives, including uncleared margin requirements, cleared margin obligations, collateral eligibility and segregation requirements, recordkeeping, auditability, and regulatory reporting impacts.
• Partner with Operations, Risk, Treasury, Legal, Finance, and business stakeholders to translate collateral and margining requirements into actionable technology roadmaps and executable delivery plans.
• Define the target architecture and data strategy for collateral inventory, legal agreement terms, eligibility schedules, margin calls, disputes, settlements, exposures, valuations, and control evidence.
• Own and manage vendor relationships across the collateral ecosystem, including collateral management, margin messaging, optimization, reconciliation, clearing broker, custodian, tri-party, and market utility services.
• Apply modern engineering and delivery practices including Agile, DevOps, CI/CD, cloud-adjacent architectures, APIs, event-driven integration, observability, and automated testing.
• Ensure adherence to enterprise architecture standards, information security policies, data governance requirements, model and end-user computing controls, and records retention obligations.
• Act as the primary technology interface between Collateral Operations, Margin Operations, Market and Counterparty Risk, Treasury, Legal, Product Control, Front Office, and other Capital Markets Technology teams.
• Establish management information and control metrics covering margin call timeliness, settlement status, disputes, aged exceptions, collateral concentration, inventory sufficiency, platform availability, and operational risk indicators.
• Lead continuous improvement initiatives to strengthen incident management, root-cause analysis, problem management, production controls, knowledge transfer, and elimination of recurring exceptions.
• Communicate technology strategy, risk posture, regulatory readiness, delivery status, and investment priorities effectively to senior technology and business leadership.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which the team pursues effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, while ensuring appropriate controls for operational, compliance, AML/ATF, sanctions, privacy, information security, and conduct risk.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team by fostering inclusion, applying a coaching mindset, communicating vision and business strategy, and managing succession and development planning.

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

• 8+ years of technology and capital markets experience, including senior leadership accountability in a regulated financial institution.
• 2+ years of people management experience.
• Strong technical and functional background in collateral management, margining, counterparty risk, treasury.
• Deep understanding of cleared and uncleared margin workflows, collateral eligibility and allocation, disputes, settlements, substitutions, interest, reconciliations, and exception management.
• Working knowledge of regulatory margin frameworks and industry standards relevant to collateral and margining, including UMR, BCBS-IOSCO principles, ISDA documentation, CSA terms, SIMM, clearing house margin, and segregation requirements.
• Experience with collateral and margining platforms, market utilities, custodians, tri-party agents, clearing brokers, and vendor solutions such as Acadia, Vermeg Colline or comparable platforms.
• Proven experience delivering large-scale, complex technology programs with strong architecture, data, controls, cybersecurity, resiliency, and production management disciplines.
• Strong vendor management, commercial negotiation, financial management, and governance experience.
• Excellent business acumen and ability to align technology investment with regulatory obligations, operational risk reduction, liquidity optimization, and measurable business value.
• Demonstrated ability to lead transformation, continuous improvement, geographically distributed teams, and organizational change.
• Exceptional communication skills with the ability to engage executive leadership, regulators, auditors, vendors, and senior business stakeholders.

What's in it for you?

• 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 employee 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 each 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.
• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.

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.