Derivatives Clearing Officer

Overview Requisition ID: 247042. Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. As a Derivatives Clearing Officer, you will provide support for exchange traded options and backup and support for all functions within the Contracts & Options departments. You will also provide support for other desks such as US and Canada Equity Clearing and Trade Admin.

Responsibilities

Perform Canadian Derivatives Clearing Corporation (CDCC)/Option Clearing Corporation (OCC) reconciliation & process settlement

Support the Institutional Equity Option Trading line to process give ups of CAD and US listed option trades

Process option assignment/exercise and option transfer between brokers

Monitor and facilitate pledged securities Escrow

Monitor illogical & pair off report for CDCC items and take appropriate action

Process CDCC series adjustments

Take appropriate action for institutional execution and settlements

Submit FIFO information on OCC & CDCC

Report Options Positions to the TMX/CDCC regarding holdings over established regulatory thresholds

Monitor corporate actions, ensuring special settlement instructions are reflected in the appropriate accounts

Cross train and provide coverage on other areas of the department such as Trade correction, Canadian & US Clearing Desks, and any new desks as required

Work with the team to complete requirements of Option weekly/monthly expiry

Provide client service in accordance with Scotia Service Standards

Acquire & maintain knowledge of all systems required to complete tasks in an efficient manner

Qualifications

A University Degree or College Diploma or equivalent

Canadian Securities Course (CSC) or working towards is an asset

A foundational knowledge of options, including concepts such as call and out options, long vs. short positions & option expiry

Experience with or familiarity in using trade reporting systems such as Arrow, AS400, BPSA, Webpost, On Demand OAES and Broadridge products (pertaining to trade processing)

Experience with CDCC and OCC derivatives clearing systems/platforms for clearing of options

Solid working knowledge of Microsoft Office products, including Excel

A focus on attention to detail, with a strong emphasis on accuracy in aspects of reconciliation

Strong analytical skills to assess trade-related issues logically and resolve effectively

An ability to multitask effectively and to complete tasks efficiently and accurately, often under time constraints

Effective verbal and written communication skills, with the ability to remain calm, organized, and professional in high-pressure situations

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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