Senior Manager OTC Confirmations GWO

Scotiabank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager - OTC Confirmations to lead a global team specializing in trade confirmation processes across Capital Markets, Treasury, and Wealth. The role requires oversight of operational performance, risk management, and process improvement initiatives. Candidates should possess a strong background in trade lifecycle understanding and relevant tools. This position offers comprehensive benefits and a commitment to diversity and inclusion.

Benefits

Flexible vacation

Comprehensive benefits starting on first day

Professional development opportunities

Qualifications

• Experience leading high performing teams in an Operations environment.
• Strong understanding of Capital Markets, Treasury, or Wealth functions.
• Demonstrated ability in managing risk and compliance.

Responsibilities

• Lead a global team managing OTC trade confirmation requirements.
• Oversee operational performance and drive efficiency.
• Contribute to the implementation of systems supporting trade confirmations.

Skills

Operations or Trade Support experience

Understanding of the trade lifecycle

Experience with complex trading products

Knowledge of OTC derivative products

Experience with workflow automation tools

Ability to navigate operational risk

Track record of driving process improvements

Tools

DTCC

MarkitWire

Xceptor

Job description

Senior Manager - OTC Confirmations, GWO

Requisition ID: 249285

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

Role

As the Senior Manager, OTC Confirmations, you will lead a global team responsible for managing specialized OTC trade confirmation requirements across GBM, Treasury, and Wealth. Your team supports a diverse range of products including Equity, Interest Rate, Credit, Commodity, and FX Options. You will oversee all aspects of operational performance—driving efficiency, ensuring compliance, managing risk, and delivering exceptional service. In addition, you will play a key role in shaping the department’s strategic direction and ensuring alignment with broader GWO and GBM goals.

Drive Operational Excellence

• Lead a customer‑focused culture that strengthens client relationships and leverages Bank‑wide capabilities.
• Prioritize departmental activities, ensuring resources and staffing levels meet business demands.
• Monitor daily, weekly, and monthly transaction volumes and operational metrics, providing direction or escalation where necessary.
• Continuously review processes to identify opportunities for automation, risk reduction, and improved client service.
• Oversee monitoring of unconfirmed transactions to prevent risk exposure.
• Ensure all large‑value or aged items are proactively addressed and resolved.
• Identify root causes of operational issues, implementing solutions that minimize future risk.
• Support the development, execution, and maintenance of a strong management control framework.

Support Technology & Innovation

• Contribute to the implementation and optimization of systems supporting trade confirmations.
• Provide leadership in User Acceptance Testing for system enhancements or new platforms.
• Support and troubleshoot unplanned system issues, including after‑hours incidents when required.
• Champion automation and Straight‑Through Processing (STP) across new and existing programs.

Leadership & Culture

• Lead with the Bank’s risk culture and risk appetite in mind.
• Build and empower a high‑performing team through strong people management, development, and succession planning.
• Foster an inclusive, collaborative, and values‑based environment.

Skills & Qualifications

• Prior experience in an Operations or Trade Support environment, ideally within Capital Markets, Treasury, or Wealth, as well as experience leading high performing teams.
• Strong understanding of the trade lifecycle, post trade processes, controls, and risk management - whether in OTC derivatives, listed derivatives, FX, fixed income, or equities.
• Experience working with complex or non standard trading products, or in roles involving trade documentation, structured products, prime brokerage, repo/securities lending, or loan operations.
• Knowledge of OTC derivative products, how they are structured, and how confirmations work; familiarity with ISDA Definitions and industry templates is an asset.
• Experience working with trade capture, confirmations, or workflow automation tools (e.g., DTCC, MarkitWire, Xceptor, or similar), and comfort supporting system enhancements, UAT, or production troubleshooting.
• Demonstrated ability to navigate operational risk, regulatory obligations, audits, and formal control frameworks.
• A track record of driving process improvements, automation, and operational efficiency within complex environments.
• Prior experience (not required but highly valuable): exposure to global regulatory frameworks, business continuity planning, or high volume transaction processing environments.

Benefits

• 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 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: 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. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.