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Senior Manager, Securities Clearing

Michael Page CA

This is a Contract position in Swansea, ON posted October 27, 2021.

*Global Banking and Markets* 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 their clients. 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. Our client also cross-sells the full range of wholesale products and services offered by the organizationn.*Position:*You will work closely with the Director, Settlement & Clearing, and provide leadership to the Securities and Clearing team to ensure business objectives is achieved. The primary purposes of the job:* Directing assigned operations ensuring a high level of operational/cost efficiency, management control and customer service;* Ensuring significant risk, inherent in assigned operating units is identified, analyzed, understood and controlled. Maintain key controls at acceptable levels.* Driving a performance culture in GBM through effective people management practices* Measurement of performance through effective metrics and viewpoint results. Management of workflows through capacity management and load balancing* Identify, analyze and address underperformance at all levels by executing a remediation plan*Accountabilities** Working closely withGWO senior management:* develop a detailed understanding of GBM’s business plans/priorities and assess Securities Clearing existing processes, systems, controls, and resources in relation to what will be required to effectively support the GBM business priorities and revenue objectives.* where material gaps in capabilities versus requirements exist, the incumbent will either directly or indirectly drive Securities Clearing’s efforts to resolve same.* provide specialized insight and / or guidance to GBM in regard to how operational processing requirements can best be met* Manage and develop subordinate staff to ensure efficient operations, attainment of objectives, and a high caliber of employees.* Ensure a high degree of operational efficiency, processing accuracy, and conformity to Bank regulations by:* Developing, negotiating and executing business objectives to improve operational efficiency or customer;* Identifying and implementing opportunities for improvements in productivity, control, cost-effectiveness, and user/customer relations;* Developing/maintaining an effective, economical organization structure;* Adhering to effective management control and escalation matrix.* Managing resolution of operational problems ensuring appropriate action is taken to prevent recurrence.* Staying abreast of industry and/or internal initiatives and changes in order to forecast the impact upon assigned units;* Development and execution of strategies, communications and implementation of change;* Providing or participating in training sessions and seminars;* Consulting on the preparation of associated manuals, guides and procedures;* Consulting on daily issues/changes in trading products as they impact Securities Clearing;* Interacting with senior executives in GWO to provide operational input and direction on common issues and initiatives.* Understand products and product offerings of our client* Understand securities markets, securities types and industry standards for custody, clearing and settlement.MPI does not discriminate on the basis of race, religion, sex, sexual orientation, gender identity or expression, age, disability, marital status, or based on an individual’s status in any group or class otherwise protected under applicable human rights legislation. MPI encourages applications from minorities, women, the disabled and all other qualified applicants* Ability to manage in a rapidly changing environment regarding policies, procedures, automated systems and client needs.* Expert knowledge of domestic and foreign Securities Industry conventions and regulatory requirements* Expert knowledge of Securities Operations’ processes, systems, and controls in multiple geographic locations* Extensive knowledge of regulations associated with the Securities Industry and products globally;* Ability to effectively delegate;* Quick reactions in order to respond to situations requiring Senior Management involvement/decisions;* Adaptability to constant changes, tight deadline, limited guidance and ambiguous scenarios occurring within Securities Clearing and an ability to effectively create and manage change.* Sound judgement and strong analytical skills in order to assess business requirements and to make decisions and recommendations in the absence of documented procedures or specific guidelines;* Strong knowledge of Project Management methodologies both waterfall and agile.* Extensive knowledge of systems employed by Securities Operations globally including Broadridge (ADP), GLOSS, ICi-Impact, ION MMI and ANVIL, Canadian Depository for Securities (CDS), Depository Trust Company (DTCC), Paramax – Arrow as well as applications of various Central Securities Depositories and Global Custodians (Clearstream, Euroclear, Bank of New York Mellon, BNP Paribas, Deutsche Bank, HSBC, JPM, Itau Unibanco, LCH / Eurex Bonds, etc)* Strong communication skills both written and verbal in order to deal with Sr. Management of Bank subsidiaries, service providers, and Depositories / Global Custodians – Settlement Agents.* Proven experience in directing a complex operating unit combined with exposure to Head Office environment;* Strong general management skills that include leadership, coaching, team building, decision making, prioritization and human relation skills in order to manage a high degree of change and motivate/direct sophisticated human resources and employ conflict resolution skills.* Analytical thinking; due to the nature of operations the incumbent must be able to adapt his/her knowledge and experience to resolve unprecedented problems/situations, and be able to identify and assess risk;* Organizational and conceptual skills in order to establish clear process flows and create SMART objectives for assigned units, manage change;* Adaptability to constant changes occurring within operations and its internal clients* Ability to effectively create and manage change dynamically.Our client is among the largest banks in the world and the most international bank in Canada. They are powered by their high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.* Competitive base salary* Comprehensive benefits package* Opportunity for growth