Scotiabank

Director

Scotiabank$120K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Quantitative degree (finance, mathematics, statistics, engineering); Masters preferred.
  • 5+ years in market risk management with expertise in financial markets.
  • Deep understanding of risk analysis and derivatives valuation.
  • Excellent written and verbal communication skills.
  • Proven leadership abilities in a fast-paced environment.
  • Strong problem-solving capabilities.

Responsibilities

  • Oversee market risk exposures and communicate with senior management.
  • Review daily risk reports and discuss with business stakeholders.
  • Evaluate new product proposals and recommend limit adjustments.
  • Engage proactively with trading teams to ensure open communication.
  • Regularly communicate trading activities and market developments to senior leaders.
  • Collaborate with various stakeholders to align on objectives.
  • Assist in regulatory and audit interactions to resolve findings.
  • Advise on valuation adjustments and maintain pricing sources.

Benefits

  • Opportunity to join a forward-thinking and innovative team.
  • Career development with diverse professional opportunities.
  • Internal training to support growth and skill enhancement.
  • Competitive benefits package provided.
  • Commitment to community involvement through corporate social responsibility.
  • Inclusive, collaborative work environment that fosters creativity and success.
Full Job Description
Requisition ID: 263990

Ensure that market risks in global FX, and Collateral Management business are understood, controlled and reported in accordance with Bank policies and risk appetite. Work in close collaboration with the business line as a valued partner by identifying key risks and assessing market conditions. Review business line proposals for new products and limit changes and make recommendations to senior management. Directly manage a team of risk professionals in Toronto. Facilitate effective communication between risk and trading management teams across various centers in which the business operates (Toronto/London/New York).

Is this role right for you? In this role, you will:
  • Market Risk - Oversee market risk exposures for covered businesses and communicate to Senior Risk Management, Senior Trading Management and MRMPC on trading risks, trader sentiment and market conditions. Ensure adherencewith Bank's risk appetite and the business mandate.
  • Review daily risk and limit reports, and engage in discussions with the business as appropriate. Provide commentary to the Market Risk Management and Policy Committee (MRMPC) on limit overruns and corresponding remedial actions.
  • New Product & Limit Adjudication - Review new product proposals and make recommendations to MRMPC on limit requests, including proposing new limits according to the Bank's risk appetite.
  • Partnership with Trading - Engage trading groups in a proactive manner to promote open communication between risk and trading. Escalate trading issues and work effectively with senior trading management.
  • Communication - Communicate regularly with VP-TFRM and Chief Market Risk Officer on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with global TFRM teams to ensure there is consistency in risk management approach.
  • Collaborate with other Bank and GRM stakeholders to achieve common objectives.
  • Regulatory & Audit - Assist VP-TFRM in interactions with regulators and participate in risk assessments performed by exchanges and clearing members. Participate in external and internal audits and coordinate resolution of findings.
  • Valuation - Advise on appropriate valuation reserve adjustments in accordance with Bank's policies. Recommend changes in valuation methodology as needed. Ensure independent price verification is performed in accordance with policies. Approve pricing sources for model valuation inputs, and maintain Official Rate Source Document (ORSD) for covered products. Identify risk taking activities and valuation issues through oversight of daily P&L attribution analysis.
  • Technology - Participate in enhancement / upgrade of production and risk systems as needed.

Do you have the skills that will enable you to succeed in this role?
  • Quantitative Undergrad (eg. finance, mathematics, statistics, engineering) plus Masters preferred. Progress towards or completion of CFA/FRM/PRM an asset.
  • 5 years or more experience in market risk management. Deep understanding of financial markets, risk analysis, non-linear and exotic instruments, derivatives
    valuation.
  • Excellent written and verbal communication.
  • Proven leadership skills.
  • Ability to work in a fast-paced environment.
  • Exceptional problem-solving skills.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


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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