Margin Collateral Management Manager

Scotiabank; Dallas (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking an experienced Manager for Margin & Collateral Management Operations supporting the U.S. Prime Services business.

The role emphasizes an operational risk mindset and requires handling margin calls, exposure monitoring, settlements, reconciliations, and exception management. Collaboration with Operations, Risk, Compliance, Technology, and business partners is essential to ensure timely, accurate, and well-controlled support for client financing activity.

Qualifications

• Two to five years of Prime Brokerage operations experience.
• Knowledge of U.S. broker-dealer and bank margin regulations.
• Experience with collateral workflows, margining, and exposure reconciliation.
• Familiarity with cross-product margining across equities, fixed income, derivatives, and securities financing.
• Strong analytical and communication skills when coordinating with multiple teams.

Responsibilities

• Monitor and issue daily margin calls for Prime Brokerage clients.
• Ensure margin accounts comply with regulatory requirements and internal guidelines.
• Support client onboarding, margin documentation, and financing arrangements.
• Identify and escalate margin deficiencies or abnormal trading patterns to management.
• Prepare and update daily reports, dashboards, and operational metrics.
• Collaborate with internal teams and counterparties to resolve issues and improve processes.

Skills

Prime Brokerage

Margining

Exposure reconciliation

Regulation T

FINRA Rule 4210

Analytical thinking

Communication

Cross-team collaboration

Attention to detail

Education

Finance or Business degree

FINRA Series 99

Tools

Global One

Loan One

EquiLend

Colline

AcadiaSoft

Anvil

Broadridge BPS

Job description

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Requisition ID: 276431

Salary Range: -

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Purpose

We are seeking an experienced and technically accomplished Manager to join our Margin & Collateral Management Operations team supporting the U.S. Prime Services business. This role requires a strong operational risk and control mindset, with a focus on supporting daily margin and collateral processes, following established procedures, and escalating issues appropriately. The incumbent will assist with margin call preparation, exposure monitoring, settlements, reconciliations, and exception management while developing knowledge of margin regulations. The role will work closely with Operations, Risk, Compliance, Technology, and business partners to help ensure timely, accurate, and well-controlled support for client financing activity.

What You'll Do

Prime Brokerage Margin

• Monitor, calculate, and issue daily margin calls across the Prime Brokerage business, ensuring all margin requirements are met accurately and on time each business day.
• Ensure client margin accounts comply with applicable regulatory requirements and internal risk and credit guidelines.
• Support the broader Prime Brokerage business through client onboarding, margin documentation reviews, and the ongoing management of client-specific margin terms and financing arrangements.
• Identify and promptly elevate margin deficiencies, account breaches, and atypical trading practices, including wire transfers and day-trading patterns, to senior management.
• Investigate and resolve breaks, discrepancies, and exceptions in a timely manner.
• Prepare and update daily reports, dashboards, and operational metrics.
• Monitor workflow queues to ensure deadlines and service-level expectations are met.
• Support testing, system enhancements, and process documentation updates.
• Collaborate with internal teams and counterparties to resolve operational issues and enhance processes.
• Ensure compliance with internal controls, policies, and regulatory requirements.

What You'll Bring

• Three to five years of Prime Brokerage operations experience.
• Hands-on experience with collateral workflows, margining, and exposure reconciliation, including bilateral and tri-party processes.
• Understanding of Prime Brokerage operations, including margining, reconciliation, and settlement practices.
• Good understanding of FINRA Rule 4210, portfolio margin, and Regulation T requirements.
• Strong attention to detail, analytical thinking, and problem-solving skills.
• Effective communication skills and the ability to work collaboratively in a fast-paced environment, while managing multiple priorities.
• Good understanding of Prime Services, margin, collateral, settlements, or the trade lifecycle.
• Strong analytical skills, with the ability to review data, identify issues, and support timely resolution.
• High attention to detail and accuracy when working with reports, reconciliations, and operational information.
• Strong communication skills, with the ability to collaborate effectively with internal teams and elevate issues when required.

Required Experience

• Two to five or more years of experience in Prime Brokerage, Margin and Collateral Operations within a global financial institution, broker-dealer, or bank.
• Working knowledge of U.S. broker-dealer and bank margin regulations, including Regulation T, Regulation U, FINRA Rule 4210, SEC Rule 15c3-3, and SEC Rule 15c3-1, with the ability to calculate, interpret, and apply applicable margin requirements.
• Working knowledge of OTC, Repo, and Prime Brokerage products, Asset Transfers, Portfolio Margin Regulatory Reporting, and Day Trading Practices.
• Familiarity with cross-product margining across equities, fixed income, derivatives, and securities financing within a unified operational framework is an asset.
• Familiarity with Prime Brokerage documentation and legal, regulatory, and trading agreements.
• Experience with Global One, Loan One, EquiLend, Colline, AcadiaSoft, Anvil, and Broadridge BPS is an asset.
• FINRA Series 99, Operations Professional registration, is required.
• Undergraduate degree in Finance or Business.

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! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

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. #Dallas

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. 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.

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.