Requisition ID: 255859 

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

 

The Role:

The Senior Manager, Loan Closing is a senior, trusted operator responsible for the end‑to‑end execution, oversight, and continuous improvement of loan closing activities across primary and secondary markets.

This role is designed for a highly experienced loan closing professional who can operate autonomously, exercise sound judgment, and influence direction through expertise rather than hierarchy. The successful candidate will own complex settlement activity, process governance, and control frameworks, while also driving meaningful operational and technology enhancements.

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

 

End‑to‑End Loan Closing Execution

Own the accurate and timely settlement of complex, high‑risk, and high‑volume loan trades, acting as both Counterparty and Agent. Serve as a go‑to subject matter expert for LSTA and LMA market practices, ClearPar workflows, and primary/secondary settlement processes, including par and distressed trades. Ensure strict adherence to credit approvals, loan documentation, pricing, limits, and regulatory requirements. Act as a senior escalation point for complex settlement issues, counterparty disputes, and operational incidents.

Ownership of Process, Controls & Risk

Maintain strong governance over Front Office / Back Office reconciliations, limit monitoring, and breach escalation. Identify, assess, and escalate material risks, control gaps, or policy exceptions, exercising independent judgment. Ensure KYC and onboarding standards are met prior to settlement in line with internal policies and regulatory expectations. Apply the Bank’s risk appetite and risk culture consistently in day‑to‑day activities and decisions.

Process Improvement & Change Leadership

Take clear ownership for continuous improvement, challenging existing processes and driving pragmatic, sustainable change. Lead or significantly contribute to technology and automation initiatives, including ClearPar, Loan IQ, and STP enhancements. Influence operating model and process direction through credibility, data, and expertise.

Stakeholder Partnership

Build strong relationships with internal stakeholders, agents, and counterparties to resolve issues efficiently and improve outcomes. Communicate clearly and confidently with Front Office, Risk, Operations, and external partners. Contribute subject matter expertise to initiatives supporting agented syndicated and participated facilities.

People Leadership

Provide coaching, guidance, and informal mentorship to colleagues where applicable. Where people leadership applies, support team development, workload management, and a culture of accountability and excellence.

 

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

Undergraduate degree in Finance, Business, or a related field, or equivalent industry experience. Extensive hands-on experience in loan closing, with end-to-end exposure across primary and secondary markets. Demonstrated experience settling complex loan trades, including par and distressed transactions. Strong working knowledge of LSTA and LMA market standards. Proven experience using ClearPar for primary and secondary settlements. Advanced working knowledge of Loan IQ, including processing, accounting, and settlement workflows. Experience overseeing or owning Front Office / Back Office reconciliations, limit monitoring, and breach escalation. Experience supporting agented syndicated and participated facilities. Prior exposure to process improvements, system enhancements, or automation initiatives related to loan closing operations. 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.