Scotiabank

Senior Manager Trading Risk

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Master's degree in Finance or Financial Risk Management
  • CFA and/or FRM certifications preferred
  • Over 2 years of market risk and team management experience
  • Strong knowledge of market risk management processes
  • Familiarity with capital markets in Latin America
  • Excellent understanding of fixed income and derivative products
  • Strong programming skills and experience with data visualization tools

Responsibilities

  • Develop relationships with stakeholders to enhance risk management initiatives
  • Engage proactively with business units regarding market risks and P&L drivers
  • Provide independent opinions on new business initiatives and calibrate risk limits
  • Communicate key market risk information and insights to senior management
  • Assess market risks for coverage units in relation to the Bank's risk appetite
  • Support subsidiaries in developing risk management frameworks
  • Monitor financial market events and trends, summarizing regulatory changes

Benefits

  • Inclusive and collaborative work environment fostering creativity
  • Performance bonus and employee share ownership program
  • Pension plan matching
  • Health benefits available from day one
  • Career development and progression opportunities
Full Job Description
Requisition ID: 269198

The senior manager in TFRM Latin America is primary focused on providing market risk oversight for Scotiabank's capital market operations in Latin America and the Emerging Markets desk, ensuring all positions and their inherent key risks are properly identified, quantified, monitored, and reported.
We are looking for a candidate that thrives in a collaborative team environment, building and enhancing relationships with partners in Trading, Risk Management, and Technology in Canada and across Latin America.
Other activities include, designing periodic reports, developing tools to improve the team's risk oversight, reviewing the risk framework of the different jurisdictions, assessing data quality, ensuring information integrity, and implementing technology related projects.

The Senior Manager manages a team and has regular exposure to senior management across different areas and jurisdictions to discuss and provide recommendations on market risk related initiatives in the region; written and oral presentations are done on a regular basis to senior executives.

Is this role right for you? In this role, you will:
  • Relationship Management: Develop effective relationships with multiple stakeholders to drive agile implementation of value-added initiatives.
  • Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to financial market developments and risk matters, including changes in risk profile and P&L drivers.
  • Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an informed and independent opinion on new business initiatives including calibrating risk limits in alignment with the Bank's risk appetite framework.
  • Communication: Distilling daily risk/market information into highlights, ensuring material issues are timely communicated to stakeholders and senior management.
  • Identify and assess the market risks taken by the units we cover and ensure their consistency with the Bank's risk appetite and approved business mandate.
  • Advise and support International Subsidiaries in the development of their risk management framework in line with the Bank's standards for market risk management (e.g., Valuation Reserves, IPV, Interest Rate Sensitivity, Stress Testing, etc.)
  • Collaborate with other groups across the Bank to deliver consistent application of the Bank's standards or best industry practices across International markets. Be a team player who is willing to take on more responsibilities as part of his growth in the role and/or team.
  • Monitor events in international financial markets/industry, assist in identifying new and emerging trends, track and summarize new regulatory initiatives and changes.
  • Effective supervision and review of direct report(s) to support achievement of business objectives.
  • Foster an inclusive work environment and build a high-performance environment that promotes the development and motivation of their team.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:
  • Master's degree (e.g., Master of Finance, Master of Financial Risk Management, etc.).
  • CFA and/or FRM certifications are an asset.
  • 2+ years' experience in market risk and team management is required.
  • Strong Knowledge of market risk management processes and metrics is required.
  • Knowledge of capital markets in Latin America is desirable. Knowledge of Spanish is an asset.
  • Strong business acumen and excellent knowledge of fixed income and derivative products (e.g., interest rate, foreign exchange, CDSs, FX/IR Options etc.) as well as good quantitative/modelling skills to analyze associated risks.
  • Strong communication skills are critical as there is close interaction with Traders and Local Risk Management teams. The senior manager must deal knowledgeably with local management from diverse professional and cultural backgrounds.
  • Strong writing skills are critical as one of the end products is normally a written communication presenting key issues and recommendations to different risk committees.
  • Given the high volume of activity, the senior manager must be able to prioritize ongoing team's initiatives and efficiently multi-task to meet objectives.
  • Strong programming skills and knowledge and work experience in data visualization tools (i.e., Tableau, PowerBI) are an asset.
  • Strong and creative problem-solving skills. The senior manager should be able to identify areas and processes for improvements and develop solutions to address them.


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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