Requisition ID: 277757
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Please Note - this is a 16-month Cntract.
Purpose
The director is responsible for expanding the intraday collateral management team to ensure the Bank has sufficient optimized collateral available in real time to support payment, clearing and settlement obligations. The role oversees intraday collateral usage, collateral mobilization, and coordination with Treasury Liquidity Portfolio, Trading Desks, Operations, Custodians and Central Banks to prevent settlement failures and maintain smooth market and funding conditions. The role leads and oversees the Intraday Collateral Management team ensuring business strategies, plans and initiatives are executed/delivered in compliance with governing regulations, internal policies and procedures.
Is this role right for you? In this role you will:
- Lead and drive a result-focused and keep-the-Bank-safe culture throughout the team to deepen knowledge of intraday collateral management
- Be accountable for overseeing the end-to-end management, optimization, and real-time mobilization collateral to support the Bank’s intraday liquidity obligations across clearing, settlement, and central bank interactions
- Ensure collateral is available, efficiently deployed, and risk-appropriate controlled to maintain operational continuity, regulatory compliance, and resilience under normal and stressed conditions
- Review and implement optimization strategies to reduce collateral fragmentation, improve re-use and strengthen liquidity buffers
- Lead reporting and analysis on collateral availability, usage trends, and stress performance outcomes
- Build out analytics on intraday collateral to meet management and regulatory reporting requirements
- Establish collateral stress testing framework to enable the Bank to be prepared for stressed environment
- Set the collateral management procedures and processes to enable the team to provide explanations of the collateral position changes
- Oversee requirements for intraday collateral monitoring tools, dashboards, and collateral optimization capabilities
- Partner with Technology and Data teams to enhance real-time data feeds and end to end transparency of collateral flows
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment.
Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
- Undergraduate degree in Business, Finance, Economics, or Engineering
- MBA or other (relevant) post-graduate degree is an asset
- CFA/FRM/MBA considered an asset
- 5+ years of progressive experience in Finance, Treasury or Capital; preferably within a Bank or Financial Institution
- Liquidity knowledge and experience is a must
- Excellent problem-solving skills
- Basel and OSFI principles
- Expert knowledge of the markets and products traded, risks assumed and systems used.
- Expert communication/facilitation and presentation skills. Must be able to communicate and work effectively with management at all levels in the front, middle and back-office environments.
- Skills to balance competing or conflicting goals of various departments/ stakeholders, requiring a mature, diplomatic approach and highly developed negotiation and influencing skills
- Active skills to listen, negotiate and communicate goals, share knowledge, experience and responsibility when dealing with direct reports, employees and business relationships in order to create a drive to be the best.
- Skills to take ownership of issues, makes decisions within authority and offers recommendations when outside authority; exercise sound judgement consistently
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to support your growth and enhance your skills.
- An organization committed to making a difference in our communities - for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
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.
