Director - Derivatives & Commodity Settlements (GWO) (Toronto, ON, CA, M5H1J9)

Requisition ID: 266365 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role

As Director, Derivative Settlements, you lead the global operating model supporting OTC derivatives and commodity settlements across GBM and Group Treasury. You are responsible for end-to-end settlement operations, including cash flows, valuations, client servicing, and post-settlement controls, while driving process standardization, control enhancements, and technology-enabled transformation at scale.

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

• Oversee end-to-end settlement operations for OTC derivatives and commodities across global regions
• Ensure timely and accurate processing of cashflows, valuations (MTM), client queries, claims, and specialized payments
• Act as escalation point for operational issues impacting service delivery, controls, or client experience
• Lead incident management and operational response during system or platform disruptions
• Drive operating model optimization, including process standardization, scalability, and global consistency
• Lead strategic initiatives and technology transformation to improve efficiency, capacity, and control strength
• Increase straight-through processing by reducing manual touchpoints and strengthening control frameworks
• Identify control gaps, operational risks, and process inefficiencies; implement corrective actions
• Establish and monitor KPIs/KRIs to track performance, risk, and service quality
• Partner with Technology, Front Office, Finance, and Risk teams to support system implementations and business growth initiatives
• Oversee global teams and ensure consistent service delivery across jurisdictions

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

• Prior experience in capital markets operations, with deep expertise in derivatives or commodity settlements
• Strong knowledge of OTC derivatives processes, post-trade lifecycle, and settlement flows (cashflows, MTM, claims, collateral/payments)
• Experience leading global or multi-region operations teams, including BAU delivery and risk management
• Experience driving operating model transformation, process redesign, and technology implementation
• Proven ability to improve straight-through processing, standardization, and operational efficiency
• Strong understanding of operational risk, controls, and regulatory requirements within capital markets
• Experience partnering with cross-functional stakeholders (Operations, Technology, Front Office, Finance, Risk)
• Advanced proficiency in Excel, PowerPoint, and operational/reporting tools
• Spanish language capability is an asset

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.