Scotiabank

Manager, Balance Sheet Market Risk - Toronto, ON

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
6 days ago
Job Overview by Ladders

Qualifications

  • University degree in Finance, Economics, or a quantitative field
  • Master's degree/FRM/CFA or in-progress certification preferred
  • Experience in asset and liability management
  • Proficiency with BancWare software is mandatory
  • Strong database and spreadsheet skills
  • Excellent communication and writing abilities
  • Familiarity with programming (Python/Matlab) and visualization tools (Tableau)

Responsibilities

  • Lead preparation of the Bank's U.S. SIRR report including data validation and scenario execution.
  • Produce a quarterly risk report analyzing balance sheet trends and emerging risks.
  • Develop automated production checks to enhance reporting speed and accuracy.
  • Oversee monitoring of structural limits and prepare analyses for management and regulators.
  • Participate in second-line oversight for structural interest rate risk using BancWare.
  • Conduct KRD analytics and reconcile results between first and second line.
  • Document and manage model validation and change control processes.

Benefits

  • Inclusive and collaborative work environment that fosters creativity and ownership
  • Diverse opportunities for professional development and career progression
  • Internal training programs to enhance skills and support career growth
  • Comprehensive benefits package including health, vision, dental from day one
Full Job Description
Requisition ID: 263321

Work location: 40 King St. West, Toronto ON

Scotiabank is looking for a manager to assist the Senior Manager, Balance Sheet Market Risk in leading a team of risk professionals, with a focus on the effective execution and continuous improvement of the team's functions.

The role involves maintaining and enhancing reporting processes that provide Senior Management and business lines with clear and reliable risk metrics. The Manager will contribute to the development and execution of the group's risk oversight and governance framework, ensuring compliance with regulatory requirements such as OSFI guidelines, Basel standards, and U.S. Federal Reserve expectations.

The position will also play a key role in advancing the Bank's stress testing framework, including the implementation and maintenance of systems, as well as the design and refinement of reports. The analysis generated from these processes will support both internal decision-making and external regulatory reporting.

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

Risk Reporting:
  • Lead end-to-end preparation of the Bank's U.S. Structural Interest Rate Risk (SIRR) report using BancWare, including data ingestion and validation, yield-curve construction and shock design, scenario execution, output reconciliation with front-office numbers, and production of regulator-ready templates and management commentary.
  • Produce a quarterly risk report that synthesizes BancWare outputs and peer/market analysis to highlight trends, drivers and emerging risks in the Bank's balance sheet.
  • Develop and maintain automated production checks and exception-reporting that accelerate delivery while preserving accuracy and auditability.
  • Oversee monitoring and evaluation of structural limits and control metrics that provide governance over Treasury functions, and prepare supporting analysis for senior management and regulators.


Risk Oversight/Governance:
  • Participate in and lead elements of the group's second-line oversight for structural interest rate risk using BancWare.
  • Execute the monthly parallel run of Group Treasury's BancWare model, performing an independent rebuild of balance-sheet cash-flow mappings, harmonizing assumptions, applying the same shock matrices, and reconciling KRD, NII and other metrics between first-line and second-line results. Document and escalate material variances for remediation.
  • Conduct detailed KRD analytics within BancWare, including decomposition, attribution and sensitivity testing across tenor buckets and non-linear behaviors.
  • Communicate directly with BancWare support for troubleshooting and resolution of process issues, coordinating system fixes and patches to ensure uninterrupted reporting and model integrity.
  • Design and maintain model validation tests, change-control logs and regression suites to ensure ongoing model integrity and to support both internal audit and regulator enquiries.
  • Act as a primary point of contact for cross-business line assumption setting (deposits, prepayments, behavioural parameters) and coordinate updates to ensure consistent inputs across front and second line.
  • Maintain governance documentation: model design notes, run-books, reconciliation templates, testing results, and regulator-grade submission packages.


Enhancement of models and metrics
  • Lead identification and specification of enhanced metrics and modelling refinements in BancWare (for example, customized KRD computation that captures specific customer behavior and curve dynamics).
  • Implement improvements to strengthen risk capture and scenario representation (e.g., deposit decay/prepayment treatment, shock application logic, attribution outputs), and validate changes through back-testing and sensitivity analysis.
  • Integrate BancWare outputs with the Bank's analytics platform to enable downstream reporting, exception tracking and management dashboards while preserving audit trails.


Ad Hoc Projects
  • Monitor applicability of OSFI B-12 and other regulatory standards, assess impact on ALM reporting and controls, and support remediation or uplift workstreams.
  • Represent second line on cross-functional working groups and regulatory initiatives - preparing technical input, designing test cases and translating regulatory requirements into model controls and reporting artifacts.
  • Accept and lead additional group projects and ad-hoc management reporting that require deep institutional modelling knowledge.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • University degree in Finance, Economics, or quantitative field (finance, science, math, engineering).
  • Master's degree/FRM/CFA or working towards those certifications is an asset.
  • Experience in asset and liability management.
  • Proficiency with Bancware is required.
  • Strong database and spreadsheet skills are required.
  • Strong communication and writing skills are required.
  • Familiarity with programing software like Python or Matlab; and visualization software like Tableau is required
  • Familiarity with accounting principles and traded financial products is an advantage.
  • Language of work: English.


What's in it for you?
  • We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills
  • A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one 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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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