Manager - Collateral Operations (GWO)

Scotiabank•Toronto, ON

4d•Onsite

About The Position

As Manager, Collateral Operations, you will lead and oversee critical collateral management activities supporting securities lending across the Scotia Group. This includes partnering with teams across Scotia Capital USA, Prime Services, Wealth & Group Treasury, and Collateral Management & Funding to ensure accurate, timely, and risk-controlled execution of daily operations.

Requirements

Proven experience in collateral management and securities lending operations, including margining and exposure reconciliation across bilateral and triparty structures
Strong understanding of securities lending workflows, collateralization practices, and operational risk controls
Working knowledge of U.S. and Canadian regulatory frameworks related to collateral and securities lending
Hands-on experience with industry platforms such as Pirum, EquiLend, and SBL systems (e.g., Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil)
Familiarity with triparty agents and custodians (e.g., BNY Mellon, JPMorgan) and depositories (e.g., CDS, DTCC, BNY Fed)
Experience leveraging data and reporting tools (e.g., Power BI, Python) to support analysis and automation
Prior people management experience, with the ability to lead teams and influence stakeholders
Strong problem-solving mindset with a focus on process improvement and risk mitigation

Responsibilities

Lead, coach, and develop a high-performing Collateral Operations team, driving strong standards for accuracy, service, and control
Act as the primary escalation point for complex issues, providing guidance on process interpretation and resolution
Oversee daily collateral workflows across bilateral and triparty arrangements, including margining, settlements, and reconciliations
Ensure exposures are accurately monitored and collateral coverage requirements are consistently met
Manage workflow distribution, capacity planning, and operational priorities to ensure efficient execution
Review exception reporting, exposure metrics, and operational KPIs to identify risks and improvement opportunities
Drive continuous improvement initiatives, including process enhancements and SOP updates aligned with best practices
Support and lead cross-functional projects, including system enhancements and process changes
Maintain strong relationships with internal stakeholders, custodians, and counterparties to resolve issues efficiently
Ensure adherence to collateral guidelines, internal controls, and U.S./Canadian regulatory requirements
Lead root cause analysis and implement corrective actions to mitigate operational risk
Oversee funding requirements and ensure accurate movement of cash and securities across depositories