Settlements Consultant - GWO Operations (12-month contract)

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Benefits offered by this job

Competitive rewards program including bonus

Flexible vacation and benefits starting on first day

Commitment to diversity, equity, and inclusion

Job summary

Scotiabank is seeking a Settlements Consultant in Toronto for a 12-month contract in GWO Operations. The role involves providing expert advisory on securities clearing and settlements, ensuring operational efficiency and control. The incumbent will work closely with GBM, evaluating risks and improving processes across securities transactions.

This position requires strong knowledge of capital markets, experience in reconciliation, and advanced skills in MS Office, SQL, and VBA.

The ideal candidate will thrive in a diverse, inclusive environment with opportunities for professional growth and a competitive rewards program.

Qualifications

• Strong understanding of capital markets products and operations.
• Experience in capital markets.
• Ability to deliver results on time.

Responsibilities

• Act as a trusted advisor on settlement processes and associated risks.
• Identify gaps and recommend solutions aligned to business needs.
• Monitor business performance and support data-driven decision making.

Skills

Strong knowledge of capital markets products and operations

Experience in capital markets

Experienced in reconciliation and driving operational efficiency

Able to deliver results on time

Education

Minimum of university undergraduate degree in Finance or business related studies

Tools

MS Office Suite

SQL

VBA

Job description

Settlements Consultant - GWO Operations (12-month contract)

Requisition ID: 261957

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

The Role

The incumbent will contribute to the overall success of the Securities Settlements, Asset Servicing & Physicals (SSASP) unit within Global Wholesale Operations by providing expert advisory on securities clearing and settlements, ensuring robust controls, operational efficiency, and alignment with GBM business strategy through process optimization and risk management. As part of the North American Settlements team and is responsible for the settlement of Canadian and US securities (repos, bonds, equities) with CDS and DTC depositories for Canadian legal entities, in collaboration with the SSASP teams and other stakeholders.

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

• Act as a trusted advisor to GBM, Front Office, Technology, and Risk partners on settlement processes, operating models, and associated risks.
• Assess current operations to identify gaps, risks, and optimization opportunities, and recommend solutions aligned to business, regulatory, and control requirements.
• Support the design and implementation of process improvements, control enhancements, and transformation initiatives to improve efficiency, scalability, and client outcomes.
• Ensure effective risk identification, control design, and issue remediation, including escalation and root cause analysis, in line with the Bank’s risk appetite and control frameworks.
• Leverage metrics, reporting, and analytics to monitor business performance, provide visibility into operational health, and support data driven decision making and capacity optimization.
• Execute oversight of key settlement activities, ensuring timely processing, accurate books and records, and proactive management and escalation of fail trades.
• Lead or contribute to cross functional initiatives and change programs, ensuring effective delivery, stakeholder alignment, and adoption.
• Maintain strong expertise in securities markets, products, and settlement processes, providing guidance and thought leadership to stakeholders and teams.
• Promote a culture of continuous improvement, innovation, and operational excellence, driving process optimization and efficiency across the function.
• Operate in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, ensuring effective management of operational, compliance, AML ATF sanctions, and conduct risk.
• Foster a high performance and inclusive work environment, contributing to strong team collaboration and employee engagement.
• Perform additional duties as required.

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

• Strong knowledge and understanding of capital markets products and operations
• Experience in capital markets
• Experienced in reconciliation and driving operational efficiency
• Able to deliver results on time
• Minimum of university undergraduate degree in Finance, business related studies or equivalent
• Advanced computer skills, particularly MS Office Suite, SQL and VBA

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 and 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