Derivatives Clearing Officer and Senior Float Requisition ID: 227533 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Derivatives Clearing Officer and Senior Float provides support for exchange traded options and backup and support for all functions within the Contracts & Options departments. They will also provide support for other desks such as SCI Option desk, US and Canada Equity Clearing and Trade Administration. **Is this role right for you? In this role you will:** + Work closely with the institutional trading desks and collaborate with external counterparties to facilitate smooth trade executions, resolve trade discrepancies, and maintain strong professional relationships + Oversee the investigation and resolution of Scotia Capital USA (SCUSA) option trade and position breaks related to the Option Clearing Corporation (OCC) + Ensure timely reconciliation of discrepancies across internal system and the OCC + Drive remediation for any cash variances and balance control account + Execute start-of-day cash settlement with the OCC, ensuring accuracy in payment initiation and receipt process + Process option exercise and assignment and notify internal stakeholders of assignment and exercise activities from previous trade date + Generate and submit daily regulatory reports + Take appropriate action for institutional execution and settlements and supportSCUSAMiddle Office + Monitor corporate actions, ensuring special settlement instructions are reflected in the appropriate accounts + Work with the team to complete requirements of Option weekly/monthly expiry + Provide cross-functional support across departmental roles such as Trade correction, Option desk for SCI and any new desks as required, ensuring operational continuity and fostering team collaboration + Provide client service in accordance with Scotia Service Standards **Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:** + A University Degree or College Diploma or equivalent + Canadian Securities Course (CSC) or working towards is an asset + Solid understanding of options trading concepts, including call and put, expiry, position type (long/short, open/close), exercise, assignment, etc. + Experience with trade reporting systems such as Arrow, AS400, BPSA, Webpost,On Demand OAES and Broadridge products (pertaining to trade processing) + Solid working knowledge of Microsoft Office products, including Excel + Experience with Canadian Derivatives Clearing Corporation (CDCC) and OCC derivatives clearing systems/platforms for clearing of options + Strong logic and analytical skills to interpret the flow of transactions and assess trade-related issues + Quick decision-making and prioritization skills in high-pressure situations to support timely trade clearing and issue resolution + Clear and concise communication, both written and verbal to accurately convey trade details, exceptions, or inquiries + Strong interpersonal and relationship management skills to build trust and maintain effective communication with partners + The ability to collaborate in team development, assist in training, mentoring and knowledge-sharing initiatives to promote continuous improvement 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.