Senior Manager, Counterparty Credit Risk

Requisition ID: 260154

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.