Director - Derivatives & Commodity Settlements

Title: Director - Derivatives & Commodity Settlements (GWO)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 our 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.
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