Scotiabank

Director, Enterprise Balance Sheet Risk Oversight

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in Finance or Financial Risk Management; CFA or FRM certifications preferred.
  • 10 years of banking industry experience focusing on balance sheet management and ALM modeling.
  • Deep expertise in hedge accounting and valuation of financial instruments within a global institution.
  • Outstanding ability to challenge and influence senior management, translating complex financial metrics into strategic insights.
  • Experience working with regulators and auditors, especially in Canadian market contexts.

Responsibilities

  • Lead customer-focused culture within the team and deepen client relationships.
  • Act as the principal expert on IRRBB and SFX risks, providing strategic governance.
  • Establish and oversee key risk indicators for Group Treasury portfolios.
  • Conduct independent reviews of hedging strategies and fund transfer pricing frameworks.
  • Oversee stress testing integrity and effectiveness, ensuring robust methodologies.
  • Drive automation and data analytics initiatives to enhance governance and operational resilience.
  • Recommend IRRBB and SFX risk limits and policies aligned with the Bank's risk appetite.

Benefits

  • Inclusive and collaborative work environment promoting creativity and curiosity.
  • Competitive rewards package including performance bonus and employee share ownership.
  • Career development opportunities and support for professional progression.
Full Job Description
Requisition ID: 267005

Treasury Risk Management provides independent oversight of the Bank's liquidity, capital, and structural balance sheet risks, as well as fund transfer pricing, hedging, and investment activities executed by Group Treasury (GT) and other treasury units globally. The Director, Enterprise Balance Sheet Risk Oversight, is responsible for leading the independent second-line oversight of Scotiabank's GT activities. The role ensures that Interest Rate Risk in the Banking Book (IRRBB) and Structural FX (SFX) risks arising from business strategies are properly identified, measured, monitored, and controlled in accordance with regulatory requirements, internal policies, and the Bank's risk appetite.

This leadership role is accountable for the design and ongoing enhancement of a robust risk oversight framework, providing effective risk challenge, monitoring emerging exposures, and delivering timely, actionable insights to Senior Management, the Risk Management Committee (RMC), and the Board to support informed decision-making and sound risk governance.

Is this role right for you? In this role, you will:
  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Acts as the Bank's principal expert on IRRBB and SFX risks, providing strategic direction, governance, and oversight through a comprehensive risk management framework, including:
  • Risk Identification & Measurement - Establish and oversee key risk indicators capturing exposures across Group Treasury portfolios (i.e., liquidity, markets, private and public equities) and IRRBB and SFX risk management activities.
  • Balance Sheet - Provide independent review and challenge of hedging strategies and fund transfer pricing (FTP) frameworks, including governance over key assumptions, methodologies, and risk measurement parameters, while facilitating effective coordination between Treasury ALM modelling and GRM ALM model validation functions.
  • Stress Testing - Oversee the integrity and effectiveness of stress testing and scenario analysis frameworks through independent review and challenge of key assumptions, methodologies, and risk outcomes.
  • Drives automation and data analytics initiatives to improve governance, enable business growth, and enhance operational resilience across multiple data sources.
  • Accountable for recommending IRRBB and SFX risk limits, policies, and methodologies for GT activities, ensuring alignment with the Bank's risk appetite and escalation protocols through delegated authorities and the Treasury Risk Committee (TRC).
  • Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct, and the Global Sales Principles, while ensuring adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and managing succession and development planning for the team.
  • Plays a key role with global regulators (i.e., OSFI, FED) regarding IRRBB/SFX audits and reviews, as well as with relevant industry bodies and working groups, such as the Canadian Banker's Association (CBA).


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Master's degree (e.g., Master of Finance, Master of Financial Risk Management, etc.). Professional certifications (i.e., CFA, FRM) are highly desirable.
  • 10 years' banking industry experience with deep expertise in balance sheet management oversight functions, ALM modeling, hedge accounting, and valuation of financial instruments within a global financial institution.
  • Exceptional ability to constructively challenge and influence Executive/Senior Management stakeholders, with an ability to translate high-complex financial metrics/concepts into concise strategic insights and business outcomes.
  • Demonstrated experience engaging with regulators, internal and external auditors, and compliance functions, including support for regulatory examinations and audit reviews. Deep expertise on Canadian market conventions and regulatory expectations.
  • Proven ability to influence across the organization, fostering cross-functional collaboration and alignment to achieve strategic and risk management objectives.


What's in it for you?
  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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