Scotiabank

Manager, Funds Risk Management

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

Qualifications

  • 3+ years of institutional counterparty credit experience in a large financial institution.
  • Experience in risk management of Hedge Funds or other investment vehicles.
  • Solid knowledge of secured financing transactions and derivatives.
  • Market risk experience is highly preferred.
  • Excellent verbal and written communication skills.
  • Strong organizational skills to manage multiple priorities efficiently.
  • MBA or CFA charter preferred, but not required.

Responsibilities

  • Approve and manage credit exposure to Hedge Funds clients on derivatives and secured financing.
  • Conduct proactive risk management of the Hedge Funds portfolio by assessing credit limits and risk appetite.
  • Partner with banking and market risk colleagues for effective risk evaluation.
  • Participate in Hedge Fund client due diligence meetings and ongoing portfolio monitoring.
  • Conduct thorough credit and market risk analysis of business requests with clear recommendations.
  • Assist in presentations of credits to senior management and committees.
  • Prepare portfolio reports and contribute to process enhancements.

Benefits

  • Inclusive and collaborative working environment that fosters creativity and success.
  • Competitive rewards package including performance bonus and employee share ownership program.
  • Pension plan matching and health benefits starting on day one.
  • Opportunities for career development and progression.
Full Job Description
Requisition ID: 268855

Funds Risk Management is responsible for risk management and analysis of Hedge Funds, Pensions Funds, Private Equity and other Investment Funds. As a Manager, you will be a key member of the Funds Risk Management team who is responsible for credit risk adjudication and ongoing monitoring of the financial health of the Hedge Funds portfolio. The team participates in customer due diligence meetings as well as monitoring and reporting for the assigned portfolio of accounts. The team works closely with three major Global Banking and Market's (GBM) business lines - Prime Services, Collateral Management and Funding, and Credit Total Return Swaps to provide products and services to their hedge fund customers. You are expected to act as a strategic partner and trusted advisor to the GBM business lines with respect to risk related matters concerning Hedge Funds globally. You are expected to have a strong background of credit, market and counterparty credit risk management frameworks, related policies of the Bank, and industry best practices with regards to counterparty credit risk management.

Is this role right for you? In this role, you will:
  • Approve, maintain and manage credit exposure to Hedge Funds clients across derivatives and secured financing transactions.
  • Conduct proactive risk management of the Bank's Hedge Funds Portfolio for assigned accounts by assessing clients' portfolio risk, liquidity of client positions, credit limits and risk appetite ratios.
  • Partner with our banking, business line and market risk colleagues to ensure that both credit and market risks are effectively evaluated and mitigated.
  • Participate in Hedge Fund client due diligence calls/meetings and maintain the relationship to ensure appropriate ongoing monitoring of the portfolio.
  • Conduct Credit and Market risk analysis of business requests, ensuring material issues are identified through concise commentary, and provide appropriate recommendations. This includes:

(i) comprehensive credit evaluation of counterparties to assess and mitigate investment, business and/or operational risk,

(ii) evaluate appropriateness of risk/return metrics of deal proposals, and

(iii) appropriateness of terms and conditions, exposures, margining, termination events and other covenants for a wide range of facilities including prime brokerage, repo/rev repos, foreign exchange, interest rate derivatives, and credit total return swaps.
  • Assist and participate in the presentation of credits to Senior Management and the Senior Credit Committee
  • Conduct ongoing monitoring of the credit quality of the portfolio and compile weekly early warnings reports for higher risk clients.
  • Monitoring of deal terms and conditions carried out by other groups within the Bank and ensure limit overruns are regularized in a timely manner.
  • Prepare portfolio reporting, documentation of processes and contribute to development and enhancement of processes and reporting requirements.
  • Work with technology team to develop and enhance data analytics for senior management on the overall hedge fund portfolio as well as individual counterparties.
  • Assist with preparation of the annual Hedge Funds Industry Report, and with assigned projects as required.
  • Continuously develop and maintain a high degree of industry knowledge/expertise.
  • Contribute to the department's goals and objectives through active participation in projects and initiatives.


Do you have the skills that will enable you to succeed? We'd love to work with you if you have:
  • 3+ years institutional counterparty credit experience in a large financial institution.
  • Experience in the analysis and risk management of Hedge Funds and/or other investment vehicles
  • Solid knowledge of Secured Financing Transactions and derivatives.
  • Market Risk experience is highly preferred.
  • Excellent interpersonal and communication skills, both written and oral.
  • Strong time management, planning and organizing skills to manage multiple priorities.
  • Ability to work in a fast-paced environment.
  • MBA / CFA Charter qualifications are preferred, but not a prerequisite.
  • Previous Credit Risk or Banking experience required.


  • 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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