Director, Global Collateral Management Operations
Ontario 17 hours ago
Job Description
Requisition ID:
Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture.
Purpose
Manages and contributes to the overall success of the Collateral Operations team within the Collateral Management Utility, Global Wholesale Operations ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted and services delivered are in compliance with governing regulations, internal policies and procedures.
Is this role right for you? In this role, you will:
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Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
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Oversees and directs a global collateral operations team whose mandate is to ensure that appropriate measures and controls are in place to allow for key exposure mitigation functions to operate properly.
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Manages a global team that operates from Canada, USA and London and covers exposure management functions across the OTC, Repo, PB Margin and Securities lending product lines. Provides additional risk management functions as a key service provider to certain Bank LATAM and European subsidiaries as part of an established outsourcing model.
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Provides margining services to all GBM business lines whose trading activity is captured within any relevant counterparty governing margin documentation such as an ISDA CSA, Repo GMRA, PB Agreement or Master Securities Lending Agreement. Also provides margin related update and escalation services to all related GBM risk functions (e.g GRM, Counterparty Credit Risk, Front Office risk groups).
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Acts as the primary point for margin, risk and client related escalations, both internally and externally. Provides effective incident management support during both risk related events as well as technology/platform disruptions and outages.
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Is expected to participate and contribute to various internal focus groups and committees (such as the Collateral Dispute Resolution Committee). Can also be required to sit on key project steering committees to represent the operational risk management function of the Collateral Management Utility.
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Identifies and evaluates various automation and technology solutions that improve productivity, cost, service support delivery, capacity, scale and standardization. Works collaboratively with GWRT to design and build the necessary technology platforms and/or tools. An active participant in appropriate working and governance structures to ensure effective prioritization of operational enhancements and future investments. Ensures strategic alignment and influence in GWO strategies, leveraging synergies to promote built to last outcomes.
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Provides oversight and compliance with budgetary allocations to business lines. Ensuring best value spend against complex support requirements. Manages costs by reviewing continuous improvement initiatives and cost reduction strategies, technology rationalization and consolidation, business complexity demand and economic return analysis.
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Understand how the Bank's risk appetite and risk culture should be considered in day:to:day activities and decisions.
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Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day:to:day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
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Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/busin
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