Director - Derivative Settlements (GWO)

Scotiabank•Toronto, ON

1d•Onsite

About The Position

As Director, Derivative Settlements, you lead the global operating model supporting OTC derivatives and commodity settlements across GBM and Group Treasury. You are responsible for end-to-end settlement operations, including cash flows, valuations, client servicing, and post-settlement controls, while driving process standardization, control enhancements, and technology-enabled transformation at scale.

Requirements

Prior experience in capital markets operations, with deep expertise in derivatives or commodity settlements
Strong knowledge of OTC derivatives processes, post-trade lifecycle, and settlement flows (cashflows, MTM, claims, collateral/payments)
Experience leading global or multi-region operations teams, including BAU delivery and risk management
Experience driving operating model transformation, process redesign, and technology implementation
Proven ability to improve straight-through processing, standardization, and operational efficiency
Strong understanding of operational risk, controls, and regulatory requirements within capital markets
Experience partnering with cross-functional stakeholders (Operations, Technology, Front Office, Finance, Risk)
Advanced proficiency in Excel, PowerPoint, and operational/reporting tools

Nice To Haves

Spanish language capability is an asset

Responsibilities

Oversee end-to-end settlement operations for OTC derivatives and commodities across global regions
Ensure timely and accurate processing of cashflows, valuations (MTM), client queries, claims, and specialized payments
Act as escalation point for operational issues impacting service delivery, controls, or client experience
Lead incident management and operational response during system or platform disruptions
Drive operating model optimization, including process standardization, scalability, and global consistency
Lead strategic initiatives and technology transformation to improve efficiency, capacity, and control strength
Increase straight-through processing by reducing manual touchpoints and strengthening control frameworks
Identify control gaps, operational risks, and process inefficiencies; implement corrective actions
Establish and monitor KPIs/KRIs to track performance, risk, and service quality
Partner with Technology, Front Office, Finance, and Risk teams to support system implementations and business growth initiatives
Oversee global teams and ensure consistent service delivery across jurisdictions