Requisition ID: 269698 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role

Manages and contributes to the overall success of Foreign Exchange (FX) & Money Market (MM) Operations, ensuring business goals, plans and initiatives are executed 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. The Director leads the day-to-day operating model across business support lines while advancing strategic initiatives, business growth and technology-enabled change. This includes oversight of core operational processing, client service, risk and controls, process standardization and the proactive delivery of operational support for strategic business growth initiatives and system implementations and enhancements to support evolving business needs, global consistency and scalable growth.  

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

Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Oversees and maintains the operational activities and processes originating from FX and MM, conducted by GBM and Group Treasury. Activity supported is conducted by various Front Office Sales & Trading desks located in multiple geographic locations and jurisdictions. Examples of activities include but are not limited to trade confirmation, cash-flow settlement, cash control. Supports each business line operations team through strategic initiatives, business growth and related system implementations and enhancements, to strengthen scalability, client service delivery and operational effectiveness. Defines straight-through processing (STP) strategy and leads delivery of STP targets across each business support line, with clear performance oversight, process optimization and accountability. Provides leadership and oversight for risk and controls within each business line, ensuring strong control execution, timely remediation and the successful completion and closure of all audit-related activities. Drives standardization globally across both operating pillars through SOPs, SLAs and process review and design standards, creating a more consistent, efficient and scalable operating model. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Creates a positive environment in which the team is engaged and pursues effective and efficient operations of their respective areas in accordance with ScotiaBond values, the Code of Conduct and the Global Sales and Trading 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. Builds a high performance environment and implements a people strategy that attracts, retains, develops engages and motivates a diverse team by fostering an inclusive work environment and using a coaching mindset and behaviors, communicating vison/values/business strategy, and managing succession and development planning for the team.

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

University degree in Business, Finance, Accounting, Economics or a related discipline 

10+ years of progressive leadership experience in capital markets operations, with deep expertise in FX and MM operations, confirmation and settlement processes, controls, and managing operational risk 

Proven leadership experience managing global or multi-region operations teams, including oversight of BAU delivery, service quality, risk management and business continuity 

Demonstrated experience leading strategic initiatives, operating model optimization and technology-enabled transformation, including process redesign, system implementation and workflow automation 

Demonstrated success improving straight-through processing, standardization and operating efficiency, supported by strong process governance and control discipline 

Strong stakeholder management skills with experience partnering across Operations, Technology, Front Office, Finance, Risk and Control functions 

Strong people leadership capabilities, with experience building high-performing teams, leading leaders and managing change in complex environments 

Strong analytical, problem-solving and communication skills, with the ability to translate business needs into operational and technology solutions 

Advanced proficiency in Microsoft Excel, PowerPoint and workflow / operations tools; experience with data analysis and management reporting is an asset 

Spanish language fluency is considered an asset

  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.