Senior Manager, Securities Settlements
Scotiabank
Senior leader responsible for the end-to-end settlements of Fixed Income, Equities, Money Markets and Foreign Exchange within EMEA. You will lead a product-agnostic settlements team, strengthen controls, reduce failed trades, and drive strategic transformation across Global Wholesale Operations. This role partners with Front Office, Risk, Compliance, Audit, Technology and Operations to deliver efficient, compliant settlement processes in a fast-paced, highly regulated environment. You will shape a high-performing, inclusive team and influence global operating practices.
Responsibilities- Lead the EMEA Settlements function across multiple product lines
- Build/manage a product-agnostic settlements team
- Deputize for the Director, GWO Settlements & Clearing, London
- Maintain and enhance settlement processes with strong controls
- Provide high-standard service to partners and counterparties
- Foster open communication and resolution of operational issues
- Implement and enhance management controls
- Maintain market/product knowledge and regulatory awareness
- Develop team members and promote engagement
- Lead large-scale projects, transformation programmes and system deployments
- Manage failed trades and reporting, ensuring timely resolution
- Oversee cash/stock breaks and commentary in failed-trade reporting
- Ensure settlements occur on correct value date; pursue recoveries for costs
- Drive risk management, regulatory compliance and operational risk controls
- Collaborate with Front Office, Risk, Compliance, Audit, Technology and Operations on complex issues
- Support transformation delivery across Global Wholesale Operations
- Maintain adherence to risk appetite and culture
- Promote a high-performing, inclusive team culture
- Markets or securities-settlement experience
- Knowledge of global settlements and collateralization
- Experience with Fixed Income, Equities, Money Markets and FX settlements
- Understanding of securities‑financing (repo, stock lending/borrowing, buy/sell backs)
- Knowledge of settlement risks (FX, interest rate, payments) and controls
- Experience managing failed trades and settlement exceptions
- Regulatory and operational-risk management knowledge
- Proven leadership and team development experience
- Change management and system-implementation experience
- Strong organizational, planning and analytical skills
- Effective communication with internal/ external clients and stakeholders
- Ability to operate in fast-paced, evolving environment
- Commitment to inclusive, high-performing team culture
- Willingness for non-standard hours and limited travel
- collaborative leadership
- risk awareness
- strong communication
- securities-settlement expertise
- experience with Fixed Income, Equities, Money Markets and FX settlements
- knowledge of collateralization and securities‑financing
Reference: WJ-747_31197086