• Job Description

  Req#: 183556

  Requisition ID: 183556
  
  Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

  Associate Director, Collateral Management & Funding - GBM - Toronto, ON
  

  Requisition ID: 183556
  

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

  Global Banking and Markets
  

  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!

  What You’ll Do

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Participate in the development of new technology platforms and adapt technology as the way for business to grow.
  • Ensure personal engagement and responsibility for the understanding and adherence to current and new regulations, including Uncleared Margin Reform, Benchmark Rate Reform, Volcker 2.0 and Securities Financing Regulations.
  • 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 the day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, all while in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles.
  • Champions a high-performance environment and contributes to an inclusive work environment.
  • Point of contact for clients on matters related to Uncleared Margin Reform.
  • Timely negotiation of Initial Margin Eligible Collateral Schedules with in-scope entities that adhere with the Bank’s risk appetite and risk culture while complying with governing regulations, internal policies, and procedures
  • Manage the coordinated completion of client onboarding for Initial Margin (requires working with Credit, Documentation, Financial Engineering, Legal, Onboarding, Regulatory Business Initiatives, Settlements and Operations, various subsidiaries of The Bank of Nova Scotia) with a focus on ensuring superior client experience.
  • Troubleshoot operational issues that may arise relating to the posting and/or collecting of Initial Margin.
  • Collaborate with GBM front office teams and internal stakeholders (including Credit, Documentation, Financial Engineering, Legal, Onboarding, Regulatory Business Initiatives, Settlements & Operations, various subsidiaries of The Bank of Nova Scotia) to support customer needs and deliver business goals.
  • Manage the coordination with External Stakeholders (including The Bank of New York Mellon and other Triparty custodians) to support client needs and deliver business goals.
  • Manage the coordination between internal teams and various subsidiaries of the Bank, to execute regulatory initiatives.
    

  What You’ll Bring
  

  • Bachelor of Business Administration or Finance
  • 5-10 years of experience in similar role
  • Extensive industry/credit analysis experience
  • Solid understanding of derivative products, lending products, sovereign (cross border) risks, deal structuring, due diligence & documentation, legal & accounting principles
  • Knowledge of the regulatory environment of financial institutions
  • Experience in operational change management
  • Experience in managing projects
  • Excellent client focus and extensive experience working with clients
  • Experience managing internal relationships with business desks and senior stakeholders

  Work Arrangement: This position is currently a Hybrid role, with the expectation that you will work two days a week in the office. Please note that this is subject to change based on the needs of the business.
  

  Interested?
  

  At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.
  

  What's in it for you?
  

  Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

  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. If you require technical assistance, please click here. 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.

• About the company

  The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.

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