Manager, Corporate Action Supervision

Scotiabank; Dallas (TX); On-site; USD 90,000 - 140,000; Full time

Job summary

Scotiabank, a leading global bank, is seeking a Manager, Corporate Action Supervision to oversee the Securities Settlements team in NY, ensuring timely and accurate processing in line with regulations.

You will supervise, review Reorgs, work with Broadridge, DTC, and internal desks, driving process improvements and risk controls while coaching staff.

Qualifications

• 5+ years of Corporate Actions experience and possession and control.
• Experience with Broadridge BPS, Postedge, and DTC systems.
• Advanced Microsoft Excel skills.

Responsibilities

• Monitor and approve manual seg movements and verify settlements.
• Ensure timely Reorg and Dividend payments and check expiry processing.
• Collaborate with desks, operations, and regional teams to resolve issues.
• Champion process improvements and maintain compliance with regulations and internal policies.
• Provide coaching and SME support within the team.

Skills

Series 99

Corp Actions Experience

Excel

Broadridge BPS

Postedge

DTC

Job description

Manager, Corporate Action Supervision

Contributes to the overall success of the Securities Settlements team in NY ensuring specific individual goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies, and procedures.

What You’ll Do

Typical Day in Role:

• Monitor Daily Reorg and Dividend payments and spot check for timeliness and accuracy.
• Check all Voluntary Reorg Summaries on expiration/processing date.
• Compare voluntary expiration spreadsheet vs the Reorg system expiration dates and report any discrepancies.
• Monitor General Ledger and identify out of balances and aged issues. Contact Toronto C/A team for resolution.
• Ensure that the Toronto Corporate Actions/Entitlement team fully adheres to NY’s SLA.
• Research, review and update Broadridge Reorg and Dividend Broadridge B1s for new business requirements and possible improvements of current system processes.
• Maintain strong relationships with the desks, operations teams, and all support groups.
• Investigate each close‑of‑business seg deficit and determine type, root cause, and owner.
• Supervisor/​four‑eyed approval of all manual seg movement requests at depositories.
• Seg preventive functions on S/D to determine if shorts have been covered. Work with M/O and desk to resolve which will prevent seg deficits; this includes reviewing the trades due to settle on the current day and monitoring real‑time positions at the depots to avoid a seg deficit the following day.
• Support operational projects to enhance, modify, or change various systems and processes in the department.
• Understand how the Bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence, and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions, and conduct risk.
• Champion a high‑performance environment and contribute to an inclusive work environment.
• Inspire and contribute to building an inclusive, winning team.
• Educate and share best practices and insights to support other team members.
• Actively engage in and seek proactive, transparent, and ongoing coaching, as well as timely, specific, and constructive feedback to help develop own performance.
• Analyze own performance (positive and setbacks) and actively seek feedback from others to integrate into development efforts.
• Demonstrate willingness to tackle challenges and learn from them.
• Demonstrate strong leadership by empowering team members to deliver their best work as well as take on stretch opportunities, fostering an open, respectful, and positive work culture, and practicing resilience to move forward after challenges and setbacks.
• Takes initiative to develop coaching and feedback capabilities with regard to being an SME in the team/problem solver.

What You’ll Bring

• Series 99
• 5+ Years Corp Actions/Possession and Control experience.
• Systems knowledge should include, but is not mandatory, Broadridge BPS (Stock Record, Margin, PCAN, REOR, Div Rewrite), Postedge, DTC.
• Skilled Microsoft Excel user.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply – you might be the right candidate for this or other roles at Scotiabank.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life – every day. With a focus on holistic well‑being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Scotiabank is an equal‑opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.