Scotiabank

Business Analysis Specialist Market Risk

Scotiabank$75K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in risk management or related fields
  • Strong technical knowledge of data and systems
  • Experience with databases like SQL
  • Understanding of market risk regulations and their implementations
  • A recognized undergraduate degree in business, mathematics, computer science, or a related discipline
  • Working knowledge of Agile Project Management and Risk Management
  • Knowledge of UNIX scripting and MDX queries is a plus

Responsibilities

  • Provide subject matter expertise on FRTB Market Risk aggregation
  • Support business users with impact analysis and ad-hoc reporting
  • Lead enhancement and maintenance of the risk application
  • Ensure projects align with regulatory reporting requirements
  • Gather and convert user requirements to technical specifications
  • Prepare test plans and cases for IST testing
  • Support UAT testing and perform regression analysis for releases
  • Build effective relationships and communicate across various regions

Benefits

  • Inclusive and collaborative work environment
  • Access to advanced tools and technology
  • Opportunity to work with diverse industry leaders
  • Competitive total rewards package including performance bonus and company matching programs
  • Generous vacation, personal & sick days, and parental leave
  • Personal development funding
Full Job Description
Requisition ID: 264945

The Team

We are part of the Global Risk and Treasury Engineering technology team, responsible for providing technical expertise on the bank's FRTB Aggregation for Market Risk.

The Role

The candidate will need to interact with various stakeholders including Business Analysts from other systems, business stakeholders, developers, vendors, infrastructure, and Compliance. The incumbent will influence the enhancements of the technological solution in relation to architecture, workflow design, and feature development and provide subject matter expertise on the aggregation process in support of daily and monthly regulatory and management reporting requirements. This includes managing the third-part risk aggregation platform Atoti.

What will we expect from you?

  • Provide subject matter expertise to internal stakeholders regarding FRTB Market Risk aggregation and the Atoti application.
  • Provide daily support on business users' impact analysis and ad-hoc reporting.
  • Strong technical knowledge on data and systems to lead the enhancement and maintenance of the risk application.
  • Contribute to projects and bank initiatives being on schedule and meeting regulatory reporting requirements.
  • Identify user requirements by working with key stakeholders from the business and IT, producing high-level business requirements and converting these into technical requirements in collaboration with developers from the team.
  • Follow the Software Development Life Cycle methodology and prepare test plans and test cases for IST testing.
  • Support users in UAT testing and conduct regression analysis for monthly releases.
  • Build relationships and communicate effectively with colleagues in all regions.


What You Will Bring to Succeed

  • Experience of managing projects that require coordination with multiple teams.
  • Experience with databases like SQL
  • Proven ability to translate business requirements to technical specifications and deliver working results
  • Understanding of market risk regulations and implementation of regulations
  • A recognized undergraduate degree in business, mathematics, computer science, or a related discipline.
  • Working knowledge of Agile Project Management, Risk Management, and Change Management skills
  • Knowledge of UNIX scripting and MDX queries, preferred
  • Experience with Airflow and similar scheduling tools, preferred.


What's in it for you?

  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We provide you with the tools and technology needed to deliver results.
  • You will get to work with and learn from diverse industry leaders
  • We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (pension & profit-sharing), generous vacation, personal & sick days, personal development funding, maternity leave top-up, parental leave, and much more.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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