Settlements Consultant - GWO Operations (12-month contract)

Requisition ID: 261957 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Role The incumbent will contribute to the overall success of the Securities Settlements, Asset Servicing & Physicals (SSASP) unit within Global Wholesale Operations by providing expert advisory on securities clearing and settlements, ensuring robust controls, operational efficiency, and alignment with GBM business strategy through process optimization and risk management. As part of the North American Settlements team and is responsible for the settlement of Canadian and US securities (repos, bonds, equities) with CDS and DTC depositories for Canadian legal entities. in collaboration with the SSASP teams and other stakeholders. Is this role right for you? In this role, you will:

• Act as a trusted advisor to GBM, Front Office, Technology, and Risk partners on settlement processes, operating models, and associated risks.
• Assess current operations to identify gaps, risks, and optimization opportunities, and recommend solutions aligned to business, regulatory, and control requirements.
• Support the design and implementation of process improvements, control enhancements, and transformation initiatives to improve efficiency, scalability, and client outcomes.
• Ensure effective risk identification, control design, and issue remediation, including escalation and root cause analysis, in line with the Bank’s risk appetite and control frameworks.
• Leverage metrics, reporting, and analytics to monitor business performance, provide visibility into operational health, and support data-driven decision-making and capacity optimization.
• Execute oversight of key settlement activities, ensuring timely processing, accurate books and records, and proactive management and escalation of fail trades.
• Lead or contribute to cross-functional initiatives and change programs, ensuring effective delivery, stakeholder alignment, and adoption.
• Maintain strong expertise in securities markets, products, and settlement processes, providing guidance and thought leadership to stakeholders and teams.
• Promote a culture of continuous improvement, innovation, and operational excellence, driving process optimization and efficiency across the function.
• Operate in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, ensuring effective management of operational, compliance, AML/ATF/sanctions, and conduct risk.
• Foster a high-performance and inclusive work environment, contributing to strong team collaboration and employee engagement.
• Perform additional duties as required.

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

• Strong knowledge and understanding of capital markets products and operations
• Experience in capital markets
• Experienced in reconciliation and driving operational efficiency
• Able to deliver results on time
• Minimum of university undergraduate degree in Finance, business-related studies or equivalent
• Advanced computer skills, particularly MS Office Suite, SQL and VBA

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.