Requisition ID: 220488
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager, Secondary Nostro Management & Manual Payments Initiation leads and oversees daily cash management operations of secondary Nostro management within Payment Processing Operations ensuring business strategies, plans and initiatives are executed and delivered in compliance with regulations, internal policies and procedures.

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops, motivates and manages succession and development planning.
• Leads the execution of secondary Nostro cash management operations to minimize risk while maximizing revenue (funding, settlement, forecasting)
• Communicate directly with external stakeholders (Nostro banks) and internal stakeholders to resolve payment issues and provide solutions
• Oversees and manages initiation of internal funding/drawdown of payments
• Prepares and presents regular operational reports that provide insights/analysis on account and resource activities to enable operations to better monitor flows and improve decision-making
• Ensures compliance with internal and external regulations, audit requests, regulatory filings and reporting.
• Utilizes and leverages expertise on Nostro Management Software, Payment Inititation and Throttling

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

• 3+ Years of Leadership experience managing a growing team
• 3+ Years of Accounting experience dealing with settlement, reconciliation, cost allocation
• 3+ Years of Financial Services Industry experience
• 3+ Years of Nostro/Correspondent Bank experience
• Experience with Nostro management software (ie: Realiti), or Payment Initiation/Throttling systems
• 3+ Years of SWIFT/Wire Payment experience (including experience related to MX/ISO20022 formatting)
• Shown experience in meeting day-to-day business controls to meet obligation with respect to compliance, AML, sanctions and conduct risk
• Background technical experience
• Analytical experience and working with programs (ie: PowerBI) to visually communicate activities (volumes, transactions, cash positions, etc.)

What's in it for you?

• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
• Perfect for problem solvers who love to scenario plan and work with a wide-ranging number of business partners and geographies.
• Get a great overview of how the Bank operates by joining the Global Operations team in a role that has widespread impact across all major business lines and functions.
• Perfect for individuals who are both interested in business analysis and preparedness, but who also welcome responding to unpredictable events quickly.
• Hybrid working environment allowing for work/life balance

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.