Senior Manager Custody Operations & Client Services

Banque Nationale du Canada; Toronto; Hybrid; CAD 120,000 - 160,000; Full time

Benefits offered by this job

Health and wellness program

Employee Share Ownership Plan

Employee and family assistance program

Preferential banking services

Community involvement initiatives

Virtual sleep clinic

Job summary

National Bank Trust is seeking a Senior Manager, Custody Operations & Client Services in Toronto. You will lead a Toronto-based team delivering custody operations, client servicing, and billing with a focus on efficiency and risk management.

You will guide senior professionals through settlements, cash management, asset servicing, reconciliations, and client support while partnering with clients and internal stakeholders to drive improvements and sustainable solutions.

Qualifications

• Bachelor's degree in Finance, Business Administration, Economics or related field.
• Minimum 10 years of experience in custody services, securities operations or related institutional financial services.
• Demonstrated leadership experience managing teams within custody operations or institutional client servicing.
• Strong understanding of custody products, settlement, cash management, reconciliations and asset servicing.

Responsibilities

• Lead a team of approximately 10–15 senior professionals across Custody Operations, Client Services and Billing.
• Provide leadership on complex operational issues, client escalations, risk events and service-related challenges.
• Ensure accurate and timely custody activities including securities settlement, cash management, reconciliations and client servicing.
• Oversee client billing processes, drive efficiency and strengthen controls.
• Partner with institutional clients and internal stakeholders to resolve complex operational issues and deliver sustainable solutions.
• Drive operational efficiency through process improvements and standardization.

Skills

Leadership

Custody knowledge

Client servicing

Process improvement

Education

Bachelor's degree in Finance

Job description

Senior Manager Custody Operations & Client Services

Hybrid

Job number

35625

Category

Manager

Status: Permanent

Schedule: Full-Time

29-Sep-2026

Area(s) of interest: Wealth management, Operations

Location(s): Toronto

A career as a Senior Manager, Custody Operations & Client Services at National Bank Trust means leading a team of experienced custody professionals responsible for delivering operational excellence and exceptional service to our institutional clients.

In this role, you will oversee a diverse group of senior specialists supporting custody operations, client servicing, cash management, trade settlement, asset servicing, client reporting, E TF-related operations and billing activities. You will play a key role in fostering a high-performance culture, driving continuous improvement, strengthening operational controls, and supporting the continued growth of National Bank Trust's institutional custody business.

Your Role

• Lead and develop a team of approximately 10 to 15 senior professionals across Custody Operations, Client Services, and Billing functions.
• Provide leadership and guidance on complex operational issues, client escalations, risk events, and service-related challenges.
• Ensure the effective execution of critical custody activities, including securities settlement, cash management, reconciliations, asset servicing, client servicing, and custody billing.
• Oversee the accuracy, timeliness, and integrity of client billing processes while identifying opportunities to enhance efficiency and controls.
• Partner with institutional clients and internal stakeholders to resolve complex operational and service-related issues and deliver sustainable solutions.
• Drive operational efficiency through process improvements, automation initiatives, and standardization efforts.
• Promote a strong risk management culture by ensuring compliance with internal controls, policies, and regulatory requirements.
• Monitor operational performance, service metrics, client satisfaction indicators, and departmental results to ensure exceptional outcomes.
• Lead organizational change initiatives and contribute to the modernization of custody operating models and service delivery practices.

Your Team

You will lead a Toronto-based team of senior professionals responsible for supporting institutional custody clients across Canada.

The team combines deep operational expertise with strong client servicing capabilities and includes professionals specializing in custody operations, client support, and billing activities. The group serves as a critical link between clients, operations, technology teams, product partners, and other business stakeholders.

As a people leader, your success will be measured by your ability to develop talent, strengthen engagement, manage operational risk, enhance client outcomes, and drive organizational performance.

Requirements

• Bachelor's degree in Finance, Business Administration, Accounting, Economics, or another relevant discipline.
• Minimum of 10 years of experience within custody services, securities operations, investment operations, asset servicing, fund administration, or a related institutional financial services environment.
• Demonstrated leadership experience managing teams within custody operations, institutional client servicing, securities operations, or related functions.
• Strong understanding of custody products, securities settlement, cash management, reconciliations, corporate actions, asset servicing, operational controls, and client servicing activities.
• Knowledge of institutional custody billing practices, fee structures, and related operational processes is considered a strong asset.
• Proven experience leading teams through change, transformation, growth initiatives, and process improvement programs.

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Critical Thinking Diversity & Inclusion Emotional Intelligence Problem Solving Risk Management Stress Management Client-focused Decision Making Learning Agility Mobilization Partner Development Resiliency Strategy Execution Managerial Courage

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• Health and wellness program, including many options
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement in community initiatives
• Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.

Making a bold move in a people-first environment

We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?

Why work at National Bank?

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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