Manager, Market Risk

Requisition ID : 209955

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

As part of Scotiabank Global Risk Management, the Market Risk group is at the forefront of managing the Bank's market risk capital and stress testing program in response to current regulatory & market changes and risk management initiatives.

The group is responsible for the analysis of market risk exposure, through Value at Risk (VaR), Stress testing and capital, for the full suite of capital markets products.

The incumbent will support the team to ensure that enterprise market risk exposure is accurately measured and explained by the market movement and Bank’s trading strategies.

This role is ideal for a person familiar with capital markets and regulatory requirements with quantitative background and proven interest in market risk management.

This is an excellent opportunity to join a tightly collaborative team and build a career in risk management with immense support for personal and career development.

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

• Collaborate with various groups, including business lines, finance, and other business partners, to identify capital enhancement opportunities and assess their feasibility and impact.
• Enhance current data visualization tools (Power BI / Tableau) for capital-related analytics and reporting.
• Support enterprise-level market risk monitoring by working with the market risk modeling and technology teams to improve data accuracy and process efficiency.
• Prepare daily VaR and Stress testing reports among other periodic regulatory submissions; Additionally, develop and implement automated solutions to improve reporting efficiency.
• Assist with the process documentation and RDARR requirements for market risk.

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

• Strong knowledge of financial derivatives and familiarity with regulatory requirements on market risk capital.
• Superior attention to detail and ability to work collaboratively in a team environment under tight timelines.
• Excellent multi-tasking skills with demonstrated accountability.
• Exceptional analytical and problem-solving abilities.
• Proficiency in programming languages such as SQL, VBA, and Python, with hands-on experience in PowerBI / Tableau.
• A Master’s degree in a quantitative subject such as Math, Finance, or Economics is required; a PhD degree is an asset.
• Completion or progression in the CFA and FRM programs is considered 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!
• Work in an Ecosystem; a bright, modern space where you’ll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, a bistro, and more
• Hybrid Work Environment

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.