Assistant Manager, Asset Servicing - Corporate Actions (12-Month Contract GWO)

Requisition ID: 276591
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 Asset Servicing – Corporate Actions department by supporting the execution of business strategies, objectives, and operational priorities. The Assistant Manager is responsible for the accurate and timely processing of corporate action events within one or more assigned functions across the event lifecycle. These functions may include event capture, client notification, event processing, client and counterparty elections, liability management, post event reconciliation, and proxy management. All activities are conducted in accordance with governing regulations and 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.
• Reviews, interprets, captures, and processes corporate action event notifications accurately and within established deadlines.
• Prepares and distributes complete and timely client notifications.
• Receives, validates, and processes client and counterparty elections and instructions.
• Monitors, calculates, and processes corporate action entitlements and related entries.
• Identifies, calculates, communicates, and settles market or counterparty liabilities.
• Reconciles positions, elections, payments, and accounting entries across applicable systems and depositories.
• Processes proxy-related events and instructions.
• Investigates and resolves exceptions, breaks, and discrepancies arising within the assigned function.
• Performs required controls and maintains complete and accurate processing records and supporting evidence.
• Liaises with clients, depositories, custodians, counterparties, trading desks, operation teams, and support groups, as required.
• Understands 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 their assigned 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 contributes to an inclusive work environment.

Dimensions

• Supports the coordination and completion of assigned team workflows to meet market, client, and internal processing deadlines.
• Corporate Actions provides centralized services across Scotia Capital Inc., ScotiaMcLeod Wealth Management, Scotia iTRADE, Scotia Trust, Prime Brokerage, BNS Custody Services, and BNS foreign subsidiaries.
• Processes corporate action events across multiple products, markets, currencies, depositories, custodians, and client account types, depending on the assigned function. • Operates across more than 10 systems, applications, and external platforms used to capture, process, reconcile, and report corporate action activity.
• Processing errors, delays, or incorrect interpretation of corporate action and entitlement information may result in significant financial exposure, including losses exceeding $100,000, as well as client, operational, or regulatory impacts.
• Manages fluctuating transaction volumes, event complexity, competing priorities, and time sensitive market deadlines within the assigned function.

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

• Post-secondary degree or diploma in business, finance, accounting, or a related discipline, or an equivalent combination of education and relevant experience.
• Relevant experience in securities operations, asset servicing, corporate actions, or a related financial services environment.
• Knowledge of securities markets, corporate action event types, and operational processing controls.
• Ability to work accurately in a high-volume, deadline-driven environment.
• Strong knowledge of corporate action processing, with subject matter expertise in one or more functions across the corporate action event lifecycle.
• Working knowledge of applicable depository platforms and portals, including CDS, DTC, Euroclear, and Clearstream, as required by the assigned function.
• Track record of strong reconciliation and analytical skills.
• Strong Excel skills, including proficiency with pivot tables and lookup functions. • Series 99 designation, where applicable.
• Experience using Broadridge BPS.
• Experience using TCS BaNCS.
• Experience with foreign depository and custodian corporate action processes and procedures including BNP, HSBC, Clearstream, or Euroclear.
• Knowledge of applicable DTC platforms, including CA Web and SMARTTrack.
• Familiarity with SWIFT Corporate Action messaging.
• Understanding of tax considerations related to corporate action events, including Sections 302 and 304, withholding tax and taxable event processing.
• Strong analytical, reconciliation, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to communicate effectively with business partners and senior management.
• Strong interpersonal and collaboration skills.
• Ability to exercise sound judgment and identify practical solutions to processing issues.
• Ability to manage complex situations, competing priorities, and time-sensitive deadlines.
• Strong attention to detail and commitment to processing accuracy.

Working Conditions

• Work is performed in an office-based or approved hybrid environment. Non-standard hours may occur as required to meet market, client, or processing deadlines.
• Work volumes may fluctuate due to market activity, event complexity, and time-sensitive deadlines.
• The role requires sustained attention to detail and accuracy, as processing errors may result in financial, regulatory, or client impacts.
• The role operates in a changing environment and requires the ability to manage competing priorities, adapt to evolving processes and systems, and respond effectively to urgent issues.
• The individual may be required to coordinate with multiple internal and external stakeholders whose priorities or deadlines may differ.
  

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.

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