Manager, Market Risk (221797)

Requisition ID: 221797

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 Analytics group is at the forefront of managing the Banks 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 Banks 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 to analyze market risk capital results and enhance the implementation of FRTB.
• 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 Wed love to work with you if you have experience with:

• Strong knowledge of financial derivatives and familiarity with regulatory requirements on market risk capital with familiarity with the VaR process considered an asset.
• Superior attention to detail and ability to work collaboratively in a team environment under tight timelines along with excellent multi-tasking skills and demonstrated accountability.
• Exceptional analytical and problem-solving abilities with proficiency in programming languages such as SQL VBA and Python and hands-on experience in PowerBI/Tableau.
• A Masters degree in a quantitative subject such as Math Finance or Economics is preferred with completion or progression in the CFA and FRM programs considered an asset.

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
• A competitive rewards package that includes a base salary a performance bonus company matching programs on pension and profit sharing paid vacation personal & sick days medical vision and dental benefits that start from day one and much more!

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.