Director, Prime Brokerage Margin

We need to output HTML fragment with sections: About the role? The posting includes description: "Join a purpose driven winning team..." etc. We need to parse content. We must not repeat job title as heading (not given). We must not include Job ID / requisition numbers as headings; we can fold minor metadata into a short

or drop it. So we can include a short paragraph with Requisition ID and Salary Range? Salary range is given; we need to include Pay section only if posting actually states them. It does state Salary Range: 185,400.00 - 310,600.00. So we should include a Pay section with that info. However note: "Please note that the Salary Range shown is a guideline only. Salary offered may vary..." We should preserve that info. So Pay section: maybe

Pay

Salary Range: $185,400.00 - $310,600.00 (guideline only; actual offer may vary based on knowledge, skills, experience).

We also have Location: #Dallas Location(s): United States : Texas : Dallas. Could be Schedule? Not given. Benefits: there is a "What's in it for you?" section describing flexible benefit programs. So we can include Benefits section. Responsibilities: The "What You'll Do" section with bullet points (though they are paragraphs). We need to convert to

• . The content includes multiple paragraphs each describing responsibilities. We'll need to split into list items. Requirements: "What You'll Bring" includes qualifications, experience, etc. We'll need to split into list items. Skills: maybe separate? Could combine with Requirements. But we can have Requirements and Skills separate if content distinct. The posting includes "What You'll Bring" which includes experience, technical knowledge, etc. Could treat as Requirements. Skills maybe not separate; we can omit Skills if not distinct. We also have "Leadership & Personal Attributes" which could be part of Requirements or Skills. We'll include as part of Requirements. We need to avoid boilerplate: remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. At end there is a lot of boilerplate about accommodation, apply online, etc. We should drop that. Also remove duplicated lines like "Global Banking and Markets Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business..." appears twice? Actually appears once then later repeated? We need to preserve substantive info but not duplicate. We'll keep one copy. We need to output only HTML fragment. Let's structure:

  About the role

  Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 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. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

  Then maybe a short paragraph for Requisition ID? Could be included in About the role or separate metadata. Since we must not put Job ID as heading, we can include a short p after About the role:

  Requisition ID: 270877

  Then Pay section. Then Responsibilities:

  Responsibilities

  • Prime Brokerage Margin Monitor, calculate, and issue daily margin calls across the Prime Brokerage business, ensuring all margin requirements are met in a timely and accurate manner each business day.
  ... etc. We need to break each bullet. Let's list responsibilities from the text: - Prime Brokerage Margin Monitor, calculate, and issue daily margin calls across the Prime Brokerage business, ensuring all margin requirements are met in a timely and accurate manner each business day. - Ensure client margin accounts comply at all times with applicable regulatory requirements at all times as well as internal risk and credit guidelines. - Perform in-depth vetting of all margin calls prior to issuance, including review of portfolio-level exposures, eligibility of collateral, and alignment with applicable margin methodology. - Manage and expand internal relationships with Prime Brokerage Relationship Managers, Compliance, and Operations teams, liaising with the PB Risk team to ensure hedge fund clients receive comprehensive operational support, custody, financing, and risk management services. - Identify and escalate margin deficiencies, account breaches, and atypical trading practices – including cash purchases and day trading patterns – to senior management promptly. - Support the broader Prime Brokerage business with client onboarding, margin documentation review, and ongoing management of client-specific margin terms and financing arrangements. - Regulatory Margin & Compliance Act as the operational subject matter expert on broker-dealer and bank margin regulations applicable to Prime Brokerage, Repo and Securities financing activity. Core regulatory knowledge to include: ▪ Regulation T – Federal Reserve rules governing broker-dealer extension of credit and initial margin requirements for securities transactions. ▪ Regulation U – Federal Reserve Board rules governing bank lending secured by margin stock, including purpose credit determinations, good faith loan value assessments, and the interaction between bank margin lending and broker-dealer financing activity within Prime Brokerage structures. ▪ FINRA Rule 4210 – including full capability to calculate and interpret strategy-based and portfolio margin requirements applicable to sophisticated hedge fund client portfolios. ▪ SEC Rule 15c3-3 (Customer Protection Rule) – and its operational interaction with Prime Brokerage margin and custody accounts. ▪ SEC Rule 15c3-1 (Net Capital Rule) – margin-related capital implications for broker-dealers. Ensuring all margin processes, controls, and documentation remain aligned with applicable FINRA rules and regulations, internal risk policies, and the Bank's Operational Risk Management and Regulatory Compliance Risk Management frameworks. Supporting regulatory examinations, internal and external audits, and supervisory inquiries, including provision of required documentation and process walkthroughs to auditors and regulators as required. Partnering with Legal and Compliance to interpret regulatory developments and implement required changes to margin procedures, controls, and governance documentation. - Prime Brokerage Financing & Hedge Fund Client Support Support margin processes related to hedge fund financing, securities lending, and complex client portfolio structures. Provide margin analysis across Prime Brokerage client portfolios including equity long/short strategies, options, total return swaps, equity swaps, and repo transactions. Partner with the Prime Brokerage business to support client margin inquiries, collateral optimization discussions, and client onboarding. Assist in the development and review of client-specific margin terms and financing arrangements for institutional and hedge fund clients. - Regulatory Capital & Balance Sheet Considerations Provide margin expertise supporting cross-functional initiatives involving collateral usage and regulatory capital, including Basel III, Liquidity Coverage Ratio (LCR), and Net Stable Funding Ratio (NSFR). Assess the operational impact of margin and collateral flows on balance sheet and liquidity metrics. Collaborate with Treasury, Capital Management, and Market Risk on funding optimization and balance sheet efficiency initiatives. - Technology, Infrastructure & Automation Partner with Technology to enhance margin processing infrastructure, collateral management platforms, and real-time risk monitoring tools. Support the design and implementation of margin calculation engines and portfolio exposure analytics. Lead operational readiness for system implementations, regulatory-driven technology changes, and margin engine enhancements. Drive automation and data analytics initiatives to improve margin transparency, reduce manual processes, and enhance operational resilience. - Governance, Reporting & Stakeholder Engagement Prepare and present margin exposure, risk metrics, and regulatory developments to senior management and internal governance committees. Act as a key point of contact for internal audit, model validation, and regulators on margin-related matters. Participate in industry working groups and forums relating to margin regulation and emerging market practices. Provide technical leadership and guidance to margin operations teams and broader operational stakeholders across the Prime Services platform. We need to split each as separate list items. Some are long paragraphs with sub-bullets (like Regulation T etc). We could keep them as part of the list item text, preserving the content. Now Requirements / Skills: We'll create a Requirements section (maybe also Skills). Let's extract "What You'll Bring" bullet points: - 10–15+ years of experience in Collateral Operations, Margin Operations, Prime Brokerage Operations, or Repo/Securities Financing Operations within a global financial institution or Broker-Dealer/Bank. - Deep technical knowledge of U.S. broker-dealer and bank margin regulations including Regulation T, Regulation U, FINRA Rule 4210, SEC 15c3-3, and SEC 15c3-1, with full capability to calculate, interpret, and apply applicable margin requirements. - Strong working knowledge of collateral management processes across Securities Lending, Repo, Equity Swaps and Prime Brokerage products, including margining, exposure management, and settlement. - Demonstrated expertise in SBL collateral management including Triparty obligations, RQV agreements, recalls, and corporate action-related collateral events. - Experience supporting Prime Brokerage hedge fund and institutional client activity across equities, derivatives, and securities financing products - Familiarity with cross-product margining across equities, fixed income, derivatives and securities financing within a unified operational framework would be advantageous - Familiarity with MSLA, GMSLA, GMRA and Prime Brokerage documentation frameworks. - Proven experience managing teams in a high-volume, risk-sensitive environment within a global banking or capital markets context. - Demonstrated experience engaging with regulators, internal audit, and compliance functions, including support for regulatory examinations and audit reviews. - Working knowledge with the following applications would be preferable: Global One, Loan One, Equilend, Colline, Acadia Soft, Anvil, Broadridge BPS - FINRA Series 99 (Operations Professional) registration required Then Leadership & Personal Attributes: - Strong technical credibility and recognized subject matter expertise in margin and collateral frameworks. - Ability to communicate complex regulatory and quantitative concepts clearly to senior management and non-specialist stakeholders. - Demonstrated track record of leading change initiatives in complex, highly regulated environments. - Strong risk and control mindset with attention to detail and a proactive approach to operational risk management. - Proven ability to build trusted relationships and collaborate effectively across Front Office, Risk, Treasury, Legal, Compliance, and Technology. - Comfortable operating in fast-paced, high-pressure market environments with the ability to manage multiple priorities concurrently. We could combine these into Requirements section (or separate Skills). Since the instruction says prefer few substantive sections over many thin ones, we could combine all qualifications into a single Requirements section (or Skills). Let's make Requirements section include experience, technical knowledge, etc. And maybe Skills section include leadership/personal attributes? But we can keep just Requirements and maybe Benefits. We also have Benefits: "What's in it for you? Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs." We'll create Benefits section. Now we need to ensure we don't include filler like "commensurate with experience". Not present. Now produce HTML. We must not include or . Just fragment. Let's craft. We'll include:

  Requisition ID: 270877

  About the role

  Join a purpose driven winning