Senior Manager, Balance Sheet Market Risk (224278)

Requisition ID: 224278

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

The Balance Sheet Market Risk team provides independent risk oversight of the Banks structural balance sheet risks (Structural Interest Rate Risk & FX risks) in addition to transfer pricing hedging and investing strategies executed by Group Treasury (GT) and other treasury units.

The Senior Manager will focus on the second line oversight of the structural balance sheet risks with a focus on measurement balance sheet trends model parameter setting as well as leading the ongoing independent review of the first line. The senior manager will assist the Director in providing high quality insights on the Banks SIRR and FX risk profiles to senior management and the Board of Directors as appropriate.

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

Oversees the structural interest rate risk of the Bank alongside other senior managers ensuring effective communication to management regarding risk metric monitoring and market conditions

Acting in an effective second line challenge role seek opportunities for the Bank to align interest rate risk liquidity risk and fund transfer pricing measurement more effectively identifying gaps to be addressed

Provides oversight for the production of timely and accurate reports that highlight key business treasury and peer bank activities as well as risk metrics for stakeholders including the Board of Directors Asset Liability Committee (ALCO) Treasury Risk Committee (TRC) external stakeholders (OSFI) and Senior Management of TFRM and Group Treasury (GT)

Establishes and leads ongoing independent reviews of the first line focusing on the adequacy and effectiveness of processes and provides a grade assessment of each component to the TRC and ALCO at least annually

Provide ongoing second line review and challenge on ALM modeling parameter setting & measurement acting as a liaison between the Group Treasury Modelling team and Model Validation. Collaborate with key business partners to recommend changes when necessary to facilitate process improvement business growth market changes and mandate revisions

Work with GT stakeholders to maintain and update the structural interest rate risk framework to properly capture the Banks ALM managemetn process

Participate in ad hoc analysis special projects and working group meetings as required

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

• A university degree in Finance Economics Engineering Applied Mathematics or quantitative field preferred
• CFA and/or FRM preferred
• 5 years of experience in Treasury ALM Risk Management Modeling or Capital Markets related function areas
• Excellent knowledge of financial products & capital markets and strong understanding of retail banking products investments and hedging strategies
• Expert understanding of ALM modeling concepts (retail product modeling paramter setting and model validation) and and their impact on risk metrics (Gap Duration Convexity DV01 CS01 VaR etc)
• Strong analytical and problem-solving skills with the ability to devise and implement operational frameworks processes controls and documentation
• Proficiency in data management and spreadsheet analysis is required (VBA SQL Power BI Tableau etc.) and familiarity with ALM tools (RiskWatch Bancware or QRM) is an advantage
• Excellent verbal and written communication skills

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.