Requisition ID: 175666

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

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

Global Banking and Markets

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.

Purpose

Contribute to the overall success of the Asset Services – Corporate Action Processing Team ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

The incumbent will be responsible for overseeing the day-to-day operations of Voluntary or Mandatory Corporate Action event, which include but are not limited to the following activities; ensuring all client instructions have been processed, understanding of each event expiries, the events are processed in a correct and timely manner, the events are processed with the correct tax reporting and ensuring out of balances are reconciled in a timely manner and an action plan to resolve created.

The incumbent will also work closely with the Corporate Action Management Team in the identification, initiation, research, and development of process solutions across the team, with the intent of improving overall operational efficiency/effectiveness while ensuring that compliance, risk and regulatory issues are adhered to.

Accountabilities

• 
  Operating independently, identifying, and resolving issues with minimal oversight. Capable and comfortable operating within tight deadlines, able to make quick decisions, and able to quickly learn about the business/issues, without necessarily having any prior direct experience with the subject matter.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team. Demonstrate strong leadership and interpersonal skills capable of managing, leading, and coaching/training a team of employees.
• Champions a culture of continuous operational improvement by independently resolving highly complex, multi-faceted problems to meet the business needs across MO with a specific focus on creating tangible / measurable operational efficiencies. This involves opportunity identification, preparing proposals, defining business requirements and processes, developing, testing, conversion and implementation strategies, developing detailed project plans, monitoring progress against planned objectives, and securing consensus and co-operations from users and senior management.
• Performing daily operational activities in support of corporate action voluntary events; managing event expiries, double checking each file for errors, researching complex events, and other issues
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct

Requirements

• 
  Previous experience managing a team
• Subject matter expert well versed in the entire lifecycle of all mandatory Corporate Action Events.
• Familiar with Swift Corporate Action messaging.
• Understanding of Tax consequences regarding Corporate Actions events (Section 302. Etc).
• Strong reconciliation and analytical skills.
• Excellent verbal and written communication skills and the ability to negotiate, influence and interact professionally with a diverse group of Front Office Users, QAs, Developers, and SMEs
• Strong Excel Skills, VBA, Broadridge, SQL, Access
• Experience with depositories and foreign custodian Corporate Action processes and procedure (CDS, DTC, BNP, HSBC, Clearstream, Euroclear)
• FINRA-Administered Series 99 Course and Securities industry essentials exam

Working Conditions

• 
  Work in a standard office-based environment; potential of hybrid; non-standard hours are a common occurrence.
• Work volumes are subject to market volatility and can therefore swing to the extreme. Critical deadlines must be met to avoid the potential for substantial losses. Processing accuracy is of paramount importance as any errors can result in substantial losses. Pressure situations are frequent and market dependent.
• Significant pressure is frequently encountered due to potential for significant loss or client disruption and tight processing deadlines set by the industry.
• Priorities are subject to constant change and multiple high priority issues are common.
• The department is subject to a very high rate of change. Change regularly outpaces Asset Servicing’s ability to define policies, procedures, and systems in support of the high degree of change. Ongoing integration also creates pressure situations. Multiple internal clients equate multiple demands, which sometimes conflict. This role needs to manage these demands to ensure all clients’ needs are met.

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. 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.