Margin Collateral Management Manager

Scotiabank•Dallas, TX

3d•Onsite

About The Position

Scotiabank is seeking an experienced and technically accomplished Manager to join its Margin & Collateral Management Operations team supporting the U.S. Prime Services business. The role supports daily margin and collateral processes and requires a strong operational risk and control mindset. The incumbent will assist with margin call preparation, exposure monitoring, settlements, reconciliations, and exception management while developing knowledge of margin regulations. The role works with Operations, Risk, Compliance, Technology, business partners, and counterparties to provide timely, accurate, and well-controlled support for client financing activity. The position is based in Dallas, Texas. Scotiabank describes its benefit programs as flexible and designed to support employees’ family, financial, physical, mental, and social health needs. The bank states its commitment to an inclusive and accessible workplace and equal opportunity employment.

Requirements

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.
Two to five or more years of experience in Prime Brokerage or 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, and 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.
FINRA Series 99, Operations Professional registration, is required.
Undergraduate degree in Finance or Business.
Strong attention to detail, analytical thinking, and problem-solving skills.
Effective communication and collaboration skills, including the ability to manage multiple priorities in a fast-paced environment and escalate issues when required.
Ability to review data, identify issues, and support timely resolution; accuracy when working with reports, reconciliations, and operational information.

Nice To Haves

Familiarity with cross-product margining across equities, fixed income, derivatives, and securities financing within a unified operational framework.
Familiarity with Prime Brokerage documentation and legal, regulatory, and trading agreements.
Experience with Global One, Loan One, EquiLend, Colline, AcadiaSoft, Anvil, and Broadridge BPS.

Responsibilities

Monitor, calculate, and issue daily Prime Brokerage margin calls, ensuring 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 client onboarding, review margin documentation, and manage client-specific margin terms and financing arrangements.
Identify and promptly escalate 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 meet deadlines and service-level expectations.
Support testing, system enhancements, and process documentation updates.
Collaborate with internal teams and counterparties to resolve operational issues and improve processes.
Ensure compliance with internal controls, policies, and regulatory requirements.