Senior Manager, Country Risk Management (219090)

Requisition ID: 219090

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

Reporting to the Director while operating in a team-based environment the Senior Manager is primarily responsible for country ratings overseeing the Banks Cross-border risk exposure through managing and monitoring the Banks Cross-border Limits with a focus on LATAM and Caribbean countries supporting other credit areas and Banking; and continually developing the Banks Country Risk methodology.

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

• Country Ratings
  • Provides sound and timely country risk research and rating opinions to Senior Management Banking and other GRM areas by monitoring economic socio-political and environmental events around the world that may impact the Banks exposure to countries or regions;
  • Evaluates and recommends the appropriate IG risk rating for sovereigns and for capping cross-border risk assets using sound risk analysis and employing the Banks internal rating methodology in a consistent replicable and transparent manner;
  • Coordinates with Banking and other departments for the preparation of strategy papers with respect to management of cross-border risk portfolios;
  • Contributes to the development of sound analytical standards and the ongoing improvement of our risk rating methodologies by researching and employing the latest best practices in country risk analysis and management.
• Cross-border Limits
  • Evaluates and recommends appropriate cross-border limits to ensure the Banks cross-border risk exposure is effectively diversified is appropriate relative to country risk and supports the Banks business growth strategy;
  • Coordinates requests for changes in cross-border limits with all key stakeholders (e.g. country and regional heads product heads other GRM areas) to ensure the recommendation to Senior Management represents a fair and balanced view between the need of the business and the need to protect the Bank from undue country risk;
  • Monitors adherence to cross-border limits and cross-border limit reporting requirements and recommend actions where negative trends or irregularities are identified;
  • Contributes to ongoing development of cross-border methodologies guidelines processes and systems to improve the accuracy and timeliness of cross-border limit reporting.
• Development of Internal Country Risk Discipline
  • Ensures Banking and other GRM areas receive appropriate and meaningful feedback on the identification and understanding of country risk as it impacts their portfolio so as to ensure that cross-border risk assets are properly reported and evaluated in the credit approval process .
  • Provides country risk research and opinions to Banking to support their sovereign credit proposals (and other cross-border credit proposals when requested) to ensure that country risk research is not duplicated in other areas of the Bank and that the country risk IG used by the Bank is consistent across the organization;
  • Acts as an industry champion with respect to the management of country risk exposure as required.
  • Participates in presentations and seminars on Country Risk issues.
• Reporting & Special Projects
  • Contributes to the preparation of quarterly Cross-Border Exposure and Enterprise Risk Management reporting.
  • Undertakes Special projects both within the group and with other areas including liaising with other areas in GRM for analytics-related projects related to country risk & portfolio management.
  • Provides administrative-type support to the CRM Team from time to time to ensure the group operates effectively and productively.

Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have:

• Bilingual in Spanish and English is an asset
• While MBA CFA CMA or CA designation is preferred equivalent industry/credit analysis experience will be considered. FRM designation also considered and asset.
• The incumbent should have a sound background in economics and must keep abreast of international developments across all spectrums political economic financial regulatory etc. that may impact the Banks cross-border risk exposure.
• Understanding of derivative products sovereign (cross-border) risks deal structuring due diligence and documentation legal & accounting principles.
• Ability to make decisions and appropriate recommendation to senior management and effectively support such recommendations.
• Strong inter-personal and problem-solving skills tenacity and diplomacy.
• Applicants must be able to demonstrate a high degree of flexibility independent decision-making the ability to rapidly acquire new knowledge and function with minimal supervision.
• Excellent computer skills (Excel PowerPoint Word) is mandatory.

Whats in it for you

• We have an inclusive and collaborative work environment that values curiosity & ownership encourages pragmatic creativity (i.e. true innovation) and celebrates success!
• An inclusive working environment that encourages creativity curiosity and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• 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.