Requisition ID: 268275
Employee Referral Program – Potential Reward: $1,000.00
We are committed to investing in our employees and helping you continue your career at Scotiabank.
The Role
We're looking for an experienced Corporate Actions professional to join our Asset Services team.
In this role, you'll be responsible for the end-to-end processing of voluntary corporate action events, ensuring client and counterparty elections are processed accurately, deadlines are met, positions are reconciled, and payments are completed correctly. You'll work closely with internal stakeholders, depositories, custodians, and counterparties to support a high-volume, fast-paced operational environment.
This position is ideal for someone with deep corporate actions expertise who enjoys solving complex operational issues and taking ownership of critical market events.
Is this role right for you? In this role, you will:
- Manage the end-to-end processing of voluntary corporate action events across multiple markets.
- Review and interpret corporate action announcements, identifying key dates, election options, and processing requirements.
- Reconcile security positions across internal systems, depositories, and custodians to ensure accurate event processing.
- Compile, validate, and submit client and counterparty elections within prescribed deadlines.
- Monitor event lifecycles and ensure all instructions are processed accurately and on time.
- Calculate, process, and verify corporate action payments, including applicable tax treatments and adjustments.
- Investigate and resolve reconciliation breaks, payment discrepancies, and operational exceptions.
- Liaise with counterparties, custodians, depositories, and internal business partners regarding elections, entitlements, deadlines, and payment activity.
- Maintain strong partnerships with trading desks, operations teams, and support areas to ensure seamless event execution.
- Support process improvement initiatives aimed at enhancing efficiency, controls, and service delivery.
- Ensure all activities are completed in accordance with regulatory requirements, risk controls, and internal operating procedures.
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
- Extensive experience processing voluntary corporate action events within Asset Servicing, Custody Operations, or Securities Operations.
- Strong understanding of the complete lifecycle of voluntary corporate actions, including elections, entitlements, payments, and reconciliation activities.
- Advanced knowledge of CDS and DTCC corporate action platforms, including CA Web and SMART/Track.
- Experience working with global custodians and depositories such as Euroclear, Clearstream, HSBC, BNP Paribas, and similar organizations.
- Strong understanding of SWIFT corporate action messaging.
- Knowledge of tax implications related to corporate action events.
- Advanced reconciliation, investigation, and analytical skills.
- Strong Excel skills, including Pivot Tables, VLOOKUP/XLOOKUPs, and large data-set analysis.
- Experience using Broadridge BPS.
- Ability to manage multiple deadlines and priorities in a fast-paced operational environment.
- Strong problem-solving skills with a proven ability to identify root causes and implement effective solutions.
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.
Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.