Assistant Manager - Collateral Operations (GWO)

Requisition ID: 265481

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

The Role

As Assistant Manager, Collateral Operations, you will support the day-to-day execution of global collateral management activities for securities borrowing and lending across the Scotia Group. You will oversee margining, exposure monitoring, settlements, and reconciliations, ensuring accurate and timely delivery while supporting operational oversight and process improvements.

Is this role right for you? In this role, you will:

Support daily collateral workflows across bilateral and triparty arrangements, including margin calls, settlements, exposure monitoring, and reconciliations

Monitor operational activities to ensure deadlines, collateral coverage, and service level expectations are consistently met

Review exception reports, exposure data, and operational metrics to identify discrepancies and risks

Act as an escalation point for operational issues, providing guidance on process execution and resolution

Support workflow coordination, capacity planning, and allocation of daily tasks across the team

Contribute to process improvements, SOP updates, and operational efficiency initiatives

Partner with internal stakeholders, custodians, triparty agents, and counterparties to resolve issues

Ensure adherence to internal controls, collateral guidelines, and U.S./Canadian regulatory requirements

Participate in system enhancements, testing activities, and project initiatives related to collateral operations

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

Hands-on experience in collateral management, including margining, exposure monitoring, and reconciliations across bilateral and triparty arrangements

Strong understanding of securities lending operations and collateralization practices

Experience with industry platforms such as Pirum, EquiLend, and securities lending systems (Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil)

Familiarity with triparty agents and custodians (BNY Mellon, JPMorgan) and depositories (CDS, DTCC, BNY Fed)

Working knowledge of U.S. and Canadian regulatory frameworks related to collateral management and securities lending

Experience reviewing exposure reports, exception reporting, and operational metrics

Technical skills in data and reporting tools such as Python and Power BI

Experience supporting operational workflows, process improvements, and system changes within collateral or securities lending environments

What’s in it for you?

A rewarding career path with diverse opportunities for professional development

An organization committed to making a difference in our communities – for you and our customers.

A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.

Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.

Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

Location(s): Canada : Ontario : Toronto

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. Candidates must apply directly online to be considered for this role. 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.