Scotiabank

Senior Manager, CCR Capital Analytics

Scotiabank$110K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Graduate degree (MS or Ph.D.) in a quantitative discipline (Finance, Mathematics, Statistics, etc.)
  • Industry certifications (e.g. CFA, FRM) are beneficial
  • Minimum 3 years of experience with derivative pricing models and CCR/CVA capital
  • Familiarity with trading products such as interest rate and foreign exchange derivatives
  • Excellent written, verbal, and presentation skills for diverse communication
  • Understanding of statistical modeling techniques
  • Proficient in SQL, Python, Unix; familiarity with Git, Docker, and BI tools like Power BI

Responsibilities

  • Lead CCR and CVA capital initiatives, ensuring proactive issue resolution
  • Interpret and implement regulatory requirements in capital processes and reporting
  • Conduct quantitative reviews and enhance end-to-end capital processes
  • Report CCR and CVA capital accurately and on time
  • Develop Power BI dashboards for CCR/CVA capital analysis and reporting
  • Collaborate with business and technology teams for issue resolution
  • Automate control processes to improve data accuracy for CCR/CVA capital
  • Provide support for audit and regulatory inquiries

Benefits

  • Inclusive and collaborative work environment that fosters creativity
  • Competitive rewards package including performance bonus and employee share ownership
  • Pension plan matching and health benefits from day one
  • Access to career development and progression opportunities
Full Job Description
Requisition ID: 271621

The CCR Capital Analytics team specializes in Counterparty Credit Default Risk and Credit Value Adjustment (CVA) capital, encompassing methodology, implementation, reporting, analytics and governance. The incumbent will support the development and ongoing maintenance of the Bank's CCR capital system and will be responsible for producing key reports and conducting related analysis. We are seeking individuals who can help advance large-scale initiatives by working collaboratively with a diverse team of quants, data scientists, and developers, while engaging and collaborating effectively with key stakeholders across Scotiabank.

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

  • Lead the CCR (OTC/SFT) and CVA capital initiatives, including proactive monitoring, escalating, and resolving issues impacting capital values, while partnering effectively with key stakeholders across organizations.
  • Interpretation and implementation of regulatory requirements across capital processes, reporting, controls, and stakeholder communication. Maintain up-to-date knowledge of regulatory guidance on CCR and CVA capital, actively participate in the CBA meetings, and ensure alignment and full compliance across all related activities
  • Conduct quantitative and technical reviews of the capital processes, including implementation and enhancement of end-to-end workflows, applying statistical/mathematical tests, developing new techniques, and coding to assess model performance- while ensuring compliance with internal policies and regulatory requirements
  • Report CCR and CVA capital timely with quality, ensuring completeness, accuracy, and consistency
  • Deliver ad-hoc capital analysis and collaborate with business lines and financial key stakeholders to support understanding of CCR/CVA) capital calculations • Develop and implement Power BI analytics dashboards for CCR/CVA capital reporting, enabling drill-down analysis and key driver identifications to support capital efficiency management
  • Collaborate with front office, technology, and users to support investigations and resolutions
  • Develop and automate control processes to proactively identify data challenges affecting accuracy of CCR/CVA capital; Collaborate with data governance to drive resolution.
  • Provide direct support to resolve audit and regulatory issues, and actively respond to ad hoc requests from senior management and regulators


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Graduate degree (MS, or Ph.D. preferred) in a quantitative discipline (e.g. Finance, Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering).
  • Industry certification (e.g. CFA, FRM) are an asset
  • Working knowledge of derivative pricing models, CCR default capital (IMM & SA-CCR), CVA modeling, CVA capital (SA-CVA, BA-CVA), and market data, with a minimum of 3 years of relevant experience.
  • Familiar with various trading products, including interest rate, foreign exchange, credit derivatives, equities, commodities, and securities financing transactions
  • Excellent written, verbal and presentation skills to effectively advise and communicate with diverse stakeholders
  • Sound understanding of modeling techniques and ability to conduct various statistical and technical tests.
  • Proficient in SQL, Python, Unix bash scripting; familiar with Git and Docker/Bitbucket. Knowledge of databases and BI tools (especially MS Power BI) is an asset.
  • Strong ability to manage multiple priorities efficiently, with attention to detail and the ability to work independently or collaboratively. Skilled in building consensus across teams.


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
5 Year Trend
+7%
NASDAQ

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