Requisition ID: 263996 

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

The Role

As Manager, Collateral Operations, you will lead and oversee critical collateral management activities supporting securities lending across the Scotia Group. This includes partnering with teams across Scotia Capital USA, Prime Services, Wealth & Group Treasury, and Collateral Management & Funding to ensure accurate, timely, and risk-controlled execution of daily operations.

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

• Lead, coach, and develop a high-performing Collateral Operations team, driving strong standards for accuracy, service, and control
• Act as the primary escalation point for complex issues, providing guidance on process interpretation and resolution
• Oversee daily collateral workflows across bilateral and triparty arrangements, including margining, settlements, and reconciliations
• Ensure exposures are accurately monitored and collateral coverage requirements are consistently met
• Manage workflow distribution, capacity planning, and operational priorities to ensure efficient execution
• Review exception reporting, exposure metrics, and operational KPIs to identify risks and improvement opportunities
• Drive continuous improvement initiatives, including process enhancements and SOP updates aligned with best practices
• Support and lead cross-functional projects, including system enhancements and process changes
• Maintain strong relationships with internal stakeholders, custodians, and counterparties to resolve issues efficiently
• Ensure adherence to collateral guidelines, internal controls, and U.S./Canadian regulatory requirements
• Lead root cause analysis and implement corrective actions to mitigate operational risk
• Oversee funding requirements and ensure accurate movement of cash and securities across depositories

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

• Proven experience in collateral management and securities lending operations, including margining and exposure reconciliation across bilateral and triparty structures
• Strong understanding of securities lending workflows, collateralization practices, and operational risk controls
• Working knowledge of U.S. and Canadian regulatory frameworks related to collateral and securities lending
• Hands-on experience with industry platforms such as Pirum, EquiLend, and SBL systems (e.g., Loanet, Gloss, Global One, Loan One, Paramax, Escape, Anvil)
• Familiarity with triparty agents and custodians (e.g., BNY Mellon, JPMorgan) and depositories (e.g., CDS, DTCC, BNY Fed)
• Experience leveraging data and reporting tools (e.g., Power BI, Python) to support analysis and automation
• Prior people management experience, with the ability to lead teams and influence stakeholders
• Strong problem-solving mindset with a focus on process improvement and risk mitigation

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. 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.