Senior Manager, GWO DTC Securities Settlements

Scotiabank•Dallas, TX

3d•Onsite

About The Position

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! This role contributes to the overall success of the SCUSA Settlements /International Funding / Wire Transfers team in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Requirements

SIE Exam
Series 99 or Series 7
Equities/Fixed Income Operations / Management Experience
Systems knowledge should include but not mandatory: DTCC, Euroclear, Clearstream, BNP, HSBC, Citibank, Arrow, Bony, ADP, RTTM ,BONY Access Edge, POSTEDGE, Global one, Escape, Escape Seg and ESCAPE Static. Broadridge.

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Responsible for daily Settlements for SCUSA/ BNS Houston equity/bond trades, both domestic and international. Also responsible for domestic and international Stock Loan settlements.
Participant in related operations and business projects connected to the supported business lines. Works on improving internal Scotia systems to identify opportunities for more efficient operational workflows.
Responsibilities for each include managing trade settlements, regulatory segregation requirements, tri-party settlement workflows, P/S activity, DWAC activity, conversions on ADR/ORD and 144A to REG S transfers, cash wire movements, fail monitoring and reporting, funding and cash Management, position and cash reconciliation review and resolution.
Key contact for repo and other trading desks (Global Equity Derivatives, Debt Capital Markets, Emerging Markets, Prime Service, Group Treasury) on all matters including day to day operations and new business ventures.
Face off on all internal/external audits.
Provides MIS reports to upper management.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.