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Scotiabank

Assistant Manager, Settlements & Clearing

Toronto, ON, M5H 1J9, Canada

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Job details

Apply by: Oct 21, 2026
Posting language: English
Posted: Oct 6, 2026

Original job description

Requisition ID: 275575
Employee Referral Program – Potential Reward: $1,000.00

We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role

Contributes to the overall success of the Settlements & Clearing team in Toronto, Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
Ability to deal with daily issues/changes in retail and trading products as they impact Securities Clearing
Strong general time management skills that include prioritization, team support, and human relation skills in order to assist management with change and motivation.
Ability to maintain processes seamlessly in a rapidly changing environment regarding policies, procedures, automated systems and client needs.
Understand securities markets and types, industry standards for custody, clearing and settlements
Contributing to the preparation of associated manuals, guides, and procedures.
Contributing to the resolution of operational problems ensuring appropriate action is taken to prevent recurrence.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
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.
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.

Dimensions:

Daily Trade Volumes: +25000
Business Lines Supported: GWO Settlements & Clearing
Reputational Risk potential: High
Compliance and Regulatory Risk: High

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

Excellent communication skills, with strong negotiation and strategic influencing skills.
Expert knowledge of Bank’s products, policies and services.
Good understanding and awareness of strategic and tactical business planning and executional issues/processes.
Adaptability to operate in a rapidly changing environment regarding policies, procedures, automation, and client needs
Results focused to identify and take action on any issues/concerns/processes in a timely matter.
Very good analytical & problem-solving skills and sound judgment needed to critically examine reconciliations, their operations & processes including in depth knowledge of the settlement department processes and inputs from up and downstream systems.
Undergraduate Degree Business
Postgraduate Degree in Finance, Business Analysis & Marketing

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence.
The securities industry is a complex business and operates within a quasi-structured but rapidly changing environment with very tight deadlines where errors can result in substantial losses
New systems, procedures, conventions, regulations and continual changes in technology, processes and the industry cause the frequency and degree of change within the operation of the department / division, thereby adding / increasing stressful situations. Constant demands on continually improving and implementing systems and procedures, requires on-going re-evaluation and prioritization of tasks and requires the incumbent to exhibit flexibility and the ability to work under tight times frames, complete reconciliations and processing adjustments within critical deadlines to avoid the risk of losses.
The incumbent must be able to work with minimal supervision, manage several priorities simultaneously and faces frequent interruptions from staff, management and customers.

What’s in it for you?

Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
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.

Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.

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More about this job

Responsibilities

The Assistant Manager will oversee settlements and clearing operations while ensuring compliance with internal policies and regulatory frameworks. They are responsible for managing team performance, resolving operational issues, and supporting business strategies within the securities market.

Requirements

Candidates must possess an undergraduate degree in business, with a postgraduate degree in finance or business analysis preferred. Strong knowledge of securities markets, risk management, and excellent communication and negotiation skills are required for this role.

Skills

Settlements
Clearing
Securities markets
Risk management
Regulatory compliance
Negotiation
Strategic influencing
Analytical skills
Problem-solving
Time management
Reconciliation
Operational risk
AML/ATF
Business planning
Team leadership

Benefits

Bonus
Flexible vacation
Personal days
Sick days
Comprehensive benefits

Visa sponsorship

Not detected in the job text

Keywords

Settlements
Clearing
Securities
Risk Management
Regulatory Compliance
AML
ATF
Operational Risk
Reconciliation
Business Analysis
Finance
Strategic Planning
Custody
Trade Volumes
GBM
KYC
Stakeholder Management
Leadership
Office-based
Banking

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