Overview
Senior Manager, Margin & Collateral Management Jobs in Dallas, USA at Scotiabank
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Requisition : 256110
Salary Range: –
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
Seeking an experienced and technically accomplished Senior Manager to join our Margin & Collateral Management Operations team supporting the Prime Brokerage and Securities Financing businesses. Reporting into the Global Head of Margin & Collateral Management Operations, this individual will serve as the primary subject matter expert on margin regulation, margin methodology, and collateral management frameworks across our US Prime Services platform.
The role requires a strong operational risk and control mindset, combined with the ability to serve as a senior subject matter expert on margin regulation — advising business and operations leadership, supporting hedge fund and institutional client financing activity, and ensuring the firm’s margin practices remain aligned with evolving global regulatory requirements. The incumbent will partner closely with Prime Brokerage Relationship and Prime Risk Managers, Compliance, Operations, and Technology, while engaging directly with internal governance forums, external regulators, and senior stakeholders across the Global Markets division.
What You’ll Do
• Prime Brokerage Margin
o Monitor, calculate, and issue daily margin calls across the Prime Brokerage business, ensuring all margin requirements are met in a timely and accurate manner each business day.
o Ensure client margin accounts comply at all times with applicable regulatory requirements at all times as well as internal risk and credit guidelines.
o Perform in-depth vetting of all margin calls prior to issuance, including review of portfolio-level exposures, eligibility of collateral, and alignment with applicable margin methodology.
o Manage and expand internal relationships with Prime Brokerage Relationship Managers, Compliance, and Operations teams, liaising with the PB Risk team to ensure hedge fund clients receive comprehensive operational support, custody, financing, and risk management services.
o Identify and escalate margin deficiencies, account breaches, and atypical trading practices – including cash purchases and day trading patterns – to senior management promptly.
o Support the broader Prime Brokerage business with client onboarding, margin documentation review, and ongoing management of client-specific margin terms and financing arrangements.
• Securities Borrowing & Lending (SBL) Collateral
o Manage all daily SBL collateral processes including monitoring and resolving margin calls, recalls, buy-ins, settlements, exposure discrepancies, RQV agreement management, and corporate action-related collateral events.
o Ensure all Triparty obligations are fully collateralized on a daily basis, in…
Title: Senior Manager, Margin & Collateral Management
Company: Scotiabank
Location: Dallas, USA
Category:
