Requisition ID: 255993 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

 

The Role

The Manager, Loan Closing is responsible for executing end‑to‑end loan closing activities across primary and secondary loan trades. This includes trade confirmation, assignment execution, and preparation of pricing letters, acting as both Trade Counterparty and Agent.

This role requires strong hands‑on expertise in loan market settlement processes, LSTA/LMA standards, ClearPar workflows, and Loan IQ processing. The Manager serves as a technical subject matter expert and contributes to execution accuracy, process efficiency, and control enhancements. This role may or may not include people management responsibilities.

Is this role right for you? In this role, you will:

 

Execute and settle a high volume of loan trades within market settlement timelines as Counterparty and Agent. Perform trade confirmations, assignments, and preparation of pricing letters. Execute and support Front Office / Back Office reconciliations. Perform daily limit monitoring and escalate breaches in accordance with procedures. Ensure KYC and onboarding approvals are in place prior to settlement. Identify and escalate processing issues, documentation gaps, and settlement risks. Support process improvements, control enhancements, and system initiatives (e.g., STP, platform upgrades). Maintain strong working knowledge of Loan IQ and front-end trading systems to ensure accurate posting and reporting. Contribute subject matter expertise to initiatives supporting agented syndicated and participated facilities. Support exception resolution and special projects as required.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

End‑to‑end experience with the loan market and loan closing lifecycle, covering primary and secondary loan trades. Hands‑on execution of loan settlement activities as both Trade Counterparty and Agent. Strong technical knowledge of LSTA and LMA market standards. Direct experience settling par and distressed loan trades, including documentation and settlement workflows. Hands‑on use of ClearPar for trade confirmation, assignments, and settlement processing. Working knowledge of Loan IQ, including settlement processing, accounting entries, and downstream impacts. Experience performing Front Office / Back Office reconciliations. Experience executing daily limit monitoring and breach escalation. Prior involvement in process changes, control implementations, or system-related enhancements within loan closing operations. Knowledge of corporate lending services. People management experience preferred.

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 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.