Manager, Corporate Action Supervision

About the role

Contributes to the overall success of the Securities Settlements team in NY 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.

Responsibilities

• Monitor Daily Reorg and Dividend payments and spot check for timeliness and accuracy.
• Check all Voluntary Reorg Summaries on expiration/processing date.
• Compare voluntary expiration spreadsheet vs the Reorg system expiration dates and report any discrepancies.
• Maintain strong relationships with the desks, operations teams, and all support groups.
• Investigate each close of business seg deficit and determine type, root cause and owner.
• Supervisor/Four eyed approval of all manual seg movement requests at depositories.
• Seg preventive functions on S/D to determine if shorts have been covered. Work with M/O and desk to resolve which will prevent seg deficits. This would include reviewing the trades that are due to settle on the current day and monitoring the real-time positions at the depots to determine what can be done to avoid a seg deficit the following day.
• Support of operational projects to enhance/modify/change various systems and processes in the department.
• 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 in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales 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.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Educates and shares best practices and insights to support other team members.
• Actively engages in and seeks proactive, transparent, and ongoing coaching, as well as timely, specific, and constructive feedback to help develop own performance.
• Analyzes own performance (positive and setbacks) and actively seeks feedback from others to integrate into development efforts.
• Demonstrates willingness to tackle challenges and learn from them.
• Demonstrates strong leadership by empowering team members to deliver their best work as well as take on stretch opportunities, fostering an open / respectful / positive work culture, and practicing resilience to move forward after challenges and setbacks.
• Takes initiative to develop coaching and feedback capabilities with regard to being an SME in the team / problem solver

Requirements

• Series 99
• 5+ Years Corp Actions/Possession and Control experience.
• Systems knowledge should include, but not mandatory, Broadridge BPS (Stock Record, Margin, PCAN, REOR, Div Rewrite), Postedge, DTC.
• Skilled Microsoft Excel User