Requisition ID: 270621
Employee Referral Program - Potential Reward: $3,500.00
Salary Range: 120,900.00 - 231,400.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Purpose
The role will oversee all aspects of Counterparty Credit Risk ("CCR") emanating from Scotia Capital (U.S.A.) Inc. ("SCUSA") and Scotia Bank U.S. ("SBUS"). Take a leadership role in partnering with Global Banking and Markets (GBM) to ensure sound risk management practices are observed in CCR as it pertains to U.S. booked and managed activity.
Accountability
• Oversee daily and periodic CCR reporting for SCUSA, SBUS, and covered entities, including risk appetite metrics, facility- and counterparty-level Potential Future Exposure ("PFE"), stress breaches, Futures Commission Merchant ("FCM") deliverables, and month-end and quarter-end reporting requirements.
• Lead review, approval, and communication of credit risk exposures across Repo, Securities-Based Lending, Prime Services, and OTC derivatives, including exposure trends, utilization changes, concentration risks, and limit or stress breaches.
• Assess stress scenarios, tail risks, PFE and stress testing models, and related assumptions, limitations, and weaknesses to support proactive portfolio risk identification.
• Partner with trading groups, system owners, data providers, and CMR to address emerging risk-taking activity, improve reporting timeliness and accuracy, and support review of margin exception requests.
• Strengthen CCR reporting infrastructure by understanding data and technology flows, enhancing Power BI dashboards and reporting tools, and overseeing production and risk system enhancements that improve controls and efficiency.
• Support governance, internal audit, and regulatory activities, including FRB requests, remediation of findings, RCSA and CRCA processes, and Clausematch updates for policies, procedures, and frameworks.
• Promote a high-performance, inclusive team environment through clear communication, succession planning, and talent development.
Reporting Relationships
Primary Manager: Director, Head of U.S. Counterparty Credit Risk, US Risk Management, SCUSA
Direct Reports: N/A
Shared Reports: N/A
Education / Experience / Other Information
Bachelor's or Master's degree or foreign equivalent in Finance, Mathematics or statistics, or a related field and four (4) years of progressively responsible experience in the job offered or related occupation: preferred analyzing large sets of unclean data with bash, Python, and C++; optimizing risk report generation system using various software engineering tools; utilizing knowledge of quantitative finance for mathematical modeling of financial risks; managing financial risk in market risk and counterparty credit risk; writing detailed process documentation of newly created systems and existing systems; liaising with different stakeholders from front to back office, to externals (auditors, regulators).
Working Conditions
• Work in a standard office-based environment that includes hybrid arrangement; non-standard hours are a common occurrence. Limited travel domestically/internationally/globally.
Interested?
If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
What's in it for you?
Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
#GBM
Location(s): United States : New York : New York City
