Scotiabank

Senior Manager, Counterparty Credit Risk

Scotiabank$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-10 years of experience in market and/or credit risk for traded products
  • Strong understanding of credit risk metrics and assumptions
  • Advanced knowledge of derivative valuations and trading markets
  • Experience leading and developing high-performance teams
  • Exceptional communication, analytical, and quantitative skills
  • Ability to build strategic relationships
  • University degree in business; CFA/FRM certification preferred
  • Proficiency in Power BI, Python, SQL, and Unix is advantageous

Responsibilities

  • Provide oversight of counterparty credit risk including reporting and analysis
  • Conduct independent analysis of counterparty risks for risk mitigation
  • Monitor exposure from OTC derivatives and securities financing transactions
  • Lead and mentor two team members, managing performance growth
  • Advise Credit Officers on distressed counterparties and emerging risks
  • Analyze market events impacting portfolio and counterparty risk
  • Develop strong relationships with stakeholders across the bank
  • Produce regulatory reporting and assist with policy management
  • Manage the development of business intelligence tools for reporting

Benefits

  • Join an innovative and collaborative team
  • Pathways for diverse professional development opportunities
  • Internal training to support skill enhancement
  • Inclusive work culture that fosters creativity and success
  • Access to tools for improving candidate experiences
Full Job Description
Requisition ID: 260154

A key member of the Counterparty Credit Risk group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally.

The CCR group is a centralized function responsible for identifying signs of credit deterioration in the trading product portfolio, measuring, monitoring, and reporting a variety of metrics associated with counterparty credit risk and escalating when exposures grow beyond established risk appetite. The incumbent is also responsible for keeping up-to-date with industry best practices and regulatory expectations.

Is this role right for you? In this role, you will:
  • Provide counterparty credit risk oversight including the reporting and analysis of the following counterparty related information:
  • Provide independent quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong-way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
  • Exposure monitoring of counterparty credit risk arising from OTC derivatives and securities financing transactions.
  • Lead and develop two direct reports, including coaching and performance management.
  • Act as advisory to Credit Officers on distressed counterparties; identify and analyze leading indicators of emerging risks.
  • Provide analysis of market events on portfolio and counterparty risk, support Executive-level, Board, regulatory and other key CCR reporting of counterparty risk.
  • Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
  • Produce ongoing regulatory reporting and contribute to ad-hoc regulatory requests.
  • Assist with managing CCR policies.
  • Manage the development of reporting and analysis systems and business intelligence tools.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • 5-10 years direct experience in market risk and/or credit risk of traded products.
  • Excellent grasp of counterparty credit risk metrics and underlying drivers / assumptions.
  • Advanced knowledge of derivative products valuation, trading businesses and markets.
  • Proven experience managing and developing high-performing teams in a complex environment.
  • Strong communication, quantitative and analytical abilities to identify issues and to debate different approaches with various stakeholders.
  • Strategic influencing and relationship building skills are required.
  • University degree in a business-related field. CFA/FRM certification is desirable.
  • Advanced knowledge of Power BI, Python, SQL and Unix is an asset.


What's in it for you?
  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills.
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • The tools needed to create best-in-class student candidate experiences.


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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