Requisition ID: 275317

 Salary Range:  -  

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidates relevant knowledge, skills, and experience.

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

Purpose

This operational leadership role is responsible for the end-to-end delivery of U.S. fixed-income securities settlement activities.
The position supports the firms ability to operate at scale across global markets by aligning daily execution with regulatory expectations, the firms risk appetite, and evolving client and business needs. The manager partners closely with Operations, Risk, Finance, Treasury, Technology, and Front Office teams and is accountable for team leadership, issue escalation, operational performance, and maintaining a strong control environment.

What You'll Do

Settlement Operations & Execution Leadership
   Provide oversight of daily U.S. FED securities settlement activities supporting domestic and international business lines.
   Ensure the accurate and timely settlement of complex securities products.
   Maintain accountability for the full settlement lifecycle, including:
         o    Trade settlement and affirmation
         o    Segregation and regulatory custody requirements
         o    Cash wire processing and liquidity movements
         o    Daily funding, cash management, and position reconciliation
         o    Fail monitoring, escalation, and remediation
         o    Management of coupon and margin payments and TMPG-related receivables and payables
         o    Trade repricing and associated cash movements
         o    Management information and operational reporting

Business Partnership & Change Enablement
   Serve as a key operational contact for supported businesses, including Collateral Management and Funding, Group Treasury, Prime Services, Global Equity Derivatives, and Emerging Markets and Debt Capital Markets.
   Partner with Front Office, Finance, Treasury, Technology, and Risk teams to support new product launches, client onboarding, market expansions, and operating model changes.
   Ensure operational readiness for new business initiatives, including scalability, control readiness, and regulatory alignment before launch.
   Work with upstream and downstream stakeholders to improve trade quality, settlement outcomes, and funding efficiency.

Risk, Controls & Regulatory Accountability
   Manage daily operational risk and control activities for the settlement function, ensuring compliance with internal policies, regulatory requirements, and the firms risk appetite.
   Support internal and external audits, regulatory examinations, and control reviews through evidence gathering, issue tracking, remediation, and sustainable control enhancements.
   Ensure adherence to obligations under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and Guidelines for Business Conduct.
   Drive continuous improvement in controls, reconciliations, exception management, and issue escalation to reduce settlement risk and operational losses.

People Leadership & Talent Development
   Supervise, coach, and motivate settlement operations team members, fostering a culture of accountability, inclusion, collaboration, and continuous improvement.
   Set clear expectations aligned to business strategy, operational excellence, and risk discipline.
   Support people-management responsibilities, including performance feedback, resource planning, development conversations, and employee engagement activities.
   Identify individual and team development needs, providing coaching and guidance to build technical depth, operational judgment, and leadership capability.
   Address performance and conduct matters through timely feedback, coaching, and escalation when appropriate, reinforcing expected behaviors and standards.

What You'll Bring

   Minimum of three years of industry experience in securities settlement operations, including Federal Reserve-eligible securities and fixed-income products; exposure to equities and international markets is preferred.
   Experience in complex, regulated environments, with a strong understanding of operational risk, controls, and audit expectations.
   Strong understanding of Federal Reserve securities settlements, triparty funding, margining, and securities and cash reconciliation processes.
   Proven ability to partner with Front Office, Treasury, Risk, and Technology teams to deliver change and meet business requirements.
   Demonstrated people-management experience, including developing talent and reinforcing a strong performance and control culture; experience leading both onshore and offshore teams is preferred.
   Confidence and credibility when engaging with business partners, auditors, control functions, and senior management on operational matters.

Interested?
 

If your experience is closely related but doesnt align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. Thats 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. 

 
#Dallas

Location(s):  United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.