Senior Manager, U.S. Counterparty Credit Risk
Senior Manager, U.S. Counterparty Credit Risk
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$ 171018 - 224700
1 Vacancy
Job Description
Requisition ID: 234013
Salary Range:171018.00-224700.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
TITLE: Senior Manager U.S. Counterparty Credit Risk
DUTIES: Scotia Capital (USA) Inc. Seeks Senior Manager U.S. Counterparty Credit Risk in New York NY to oversee market risk exposures for covered businesses and communicate to Trade Floor Risk Management (TFRM) management on trading risks trader sentiment and market conditions. Manage daily Profit and Loss (P&L) risk and limit reports and engage in discussions with the global team and trading management as appropriate. Oversee the review approval and reporting of Credit Risk Exposures including work on stress scenarios to monitor and report potential tail risks within the client portfolio across financing books (Repo SBL Prime Services OTC). Lead trading groups in a proactive manner to promote open communication between risk and trading. Oversee new product proposals and make recommendations to TFRM management on limit change requests. Analyze margin exception requests and advise TFRM management accordingly. Communicate regularly with TFRM management on trading activity trading risk profile trader sentiment and market developments in covered businesses including collaborating with other Bank and Group Risk Management (GRM) stakeholders to achieve common objectives. Oversee external and internal audits including resolution of findings. Recommend changes in valuation methodology and maintain Official Rate Source Document for covered products. Identify risk taking activities and valuation issues through oversight of P&L. Oversee enhancement and upgrade of production and risk systems. Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships systems and knowledge. Lead her team to ensure effective and efficient operations of her respective areas while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and the Guidelines for Business Conduct. Oversee a high-performance environment and implement a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment including communicating vison/values/business strategy managing succession and development planning for the team.
REQUIREMENTS: Masters degree or foreign equivalent in Mathematics Computer Science or a related field and four (4) years of experience in the job offered or related occupation: analyzing large sets of unclean data with bash Python and C; optimizing risk report generation system using various software engineering tools; utilizing knowledge of quantitative finance for mathematical modeling of financial risks; managing financial risk in market risk and counterparty credit risk; writing detailed process documentation of newly created systems and existing systems; liaising with different stakeholders from front to back office to externals (auditors regulators). Offered salary is between $171018 and $224700 per year 40 hours per week. Telecommuting and/or working from home may be permissible pursuant to company policies. When not telecommuting must report to work site.
QUALIFIED APPLICANTS: Please apply directly through our website by searching for Senior Manager U.S. Counterparty Credit Risk & indicate job code KI072425WEB.
Location(s): United States : New York : New York City
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.
Required Experience:
Senior Manager
Employment Type
Full-Time
