Senior Manager, Capital Markets Stress Testing and Data Analytics (12 Month Contract)

Requisition ID: 241437

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

Are you a creative thinker with good experience in market risk counterparty credit risk stress testing and/or data analytics Do you thrive in an environment that challenges you to come up with innovative approaches to risk management in the ever-evolving capital markets landscape If so we invite you to join our dynamic risk management team as a Senior Manager Capital Markets Stress Testing and Data Analytics (Contract).

As the team continues to grow in response to increasing complexity and evolving regulatory requirements this high-impact role offers the opportunity to design implement and continuously enhance stress testing frameworks for market risk and counterparty credit risk; leverage data analytics; shape risk assessments; and drive actionable insights that support critical decision-making for both the business and management. Youll work alongside an exceptional team to have a direct impact on the Banks risk management strategy ensuring robust and accurate stress testing processes that support informed decision-making regulatory compliance and the Banks overall risk appetite.

About the Team

Capital Markets Stress Testing and Data Analytics is at the center of several initiatives for both market and counterparty credit risk. This is a cross-functional group of risk professionals quantitative analysts and data experts working together to support the Banks broader risk management strategy. The focus is to provide in-depth analysis for stress testing scenarios and utilizations ensure capital adequacy and promote proactive risk management across all trading desks and portfolios. Close partnerships are maintained with senior leaders trading desks product specialists model development model validation regulatory compliance and technology.

The teams responsibilities span several key areas:

1. Elevate Stress Testing: We integrate stress testing into the firms risk culture ensuring it is embedded across all capital markets products and enterprise exposures. This includes the design of stress scenarios conducting scenario analysis for all trading books and providing portfolio analysis to assess the impact on risk profiles. We aim to effectively use stress testing for decision-making risk identification and resilience planning.
2. New Business Initiatives: We play a critical role in the Banks new business initiatives from market data research and onboarding stress testing methodologies and scenario calibrations. We develop stress testing capabilities to support the business from both market risk and counterparty credit risk sides.
3. Stress Testing Methodology: Our team is responsible for developing refining and enhancing stress testing methodologies for both market risk and counterparty credit risk. We focus on risk modelling (valuations and analytics) including but not limited to scenario design scenario calibration scenario generation and implementation. We ensure our models align with best practices accurately reflect the dynamics of the markets and counterparty exposures and help anticipate potential vulnerabilities in times of stress or market disruption.
4. Enterprise-Wide Stress Testing: We participate in internal Enterprise-Wide Stress Testing and OSFI Macroeconomic Stress Testing programs as subject matter experts for market risk and counterparty credit risk in the firms response to regulatory requirements ensuring compliance with key frameworks and global standards. This involves coordinating with internal stakeholders ensuring that all regulatory submissions are accurate timely and aligned with both internal risk models and external expectations.

Job Responsibilities - Is this role right for you

This is a 12-month contract position. This role is ideal for an energetic individual with a strong background in capital markets particularly in market risk or counterparty credit risk. Additionally this role is ideal for someone with a mindset of continuous learning and a keen interest in capital markets. Thriving in a high-performance environment within a diverse team the individual will be working in a collaborative environment. Based on prior experience the individual will either operate independently on assigned projects or collaborate closely with senior managers within the team. Responsibilities may evolve or shift over time requiring adaptability to switch between independent work and collaborative initiatives.

• Scenario Design: Keep a pulse on financial markets by streamlining a framework for plausible scenarios for real-time situations. Work closely with product specialists and trading desks to design tailored scenarios for new products.
• Stress Testing Analysis: Design and enhance stress testing analytical tools for scenarios and exposures. Ensure relevant market data is seamlessly integrated into stress testing models and work with market experts to identify relevant trends and emerging risks.
• Strategic Risk Insights: Utilize stress testing results to inform business management and risk committees on potential vulnerabilities and risk mitigation strategies. Provide actionable insights that help shape the firms strategic and operational decisions.
• Methodology Enhancement: Drive the development and continuous enhancement of methodologies for market risk and/or counterparty credit risk stress testing throughout the entire model development and review cycles.
• Regulatory and Compliance: Lead the Banks market risk and/or counterparty credit module(s) in response to regulatory stress testing requirements. Regularly review and update the stress testing framework policy and process.

Do you have the skills that will enable you to succeed in this role

• 3 years of experience in capital markets with a focus on either market risk or counterparty credit risk including stress testing.
• Experience working with market data pricing models portfolio analysis and risk management tools. Proficient with risk management software and analytics tools (e.g. Python SQL Unix Bloomberg PowerBI) and experience working with large financial datasets.
• Hands-on experience in designing executing and analyzing stress testing scenarios is a plus.
• Creative problem-solving with proven leadership skills to manage and move projects forward in a fast-paced environment.
• Exceptional quantitative and analytical skills with the ability to simplify complex concepts.
• Strong communication presentation and interpersonal skills with the ability to influence and collaborate across departments and levels of seniority.
• Passion in coaching with ability to guide and inspire future talents.

Whats in it for you

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• An inclusive and collaborative working environment that encourages creativity curiosity and celebrates success!
• Be at the forefront of innovation in risk management utilizing cutting-edge tools methodologies and data analytics.
• A rewarding career path with diverse opportunities for professional and executive development.
• A comprehensive compensation and benefits package.

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.