Director, Prime Services and Collateral Management & Funding Risk Europe

Requisition ID: 247804

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

Purpose

Manage risk for the European PS and repo platform. This role is within the business which has experienced rapid growth recently. This role will support the continuing expansion of the business. The primary focus will be on PS with additional support for the repo business.

Accountabilities

• Analysis of counterparty risk across a variety of client types with a focus on hedge funds
• Sales support: assist the sales force by discussing margin and risk appetite with clients; analyze prospective client portfolios and provide margin analyses; work with internal groups to get credit approval
• Negotiate risk- and margin-related legal terms with clients; work with internal and external counsel on margin lockup agreements
• Coverage: day-to-day coverage of the margin process for clients on the European PS platform; answer client inquiries about margin
• Work with the firms independent risk management function to manage market credit liquidity and operational risk
• Design and improve risk margin and control reports for clients and management; write business requirement documents and create report prototypes for IT; work with IT on implementation and validation; work with the product development team to manage and prioritize tasks
• Monitor client and business line credit limits and utilization- work with internal groups to manage limit breaches
• Develop and refine procedures
• Support senior management with ad hoc queries and audits
• Address questions coming from local regulators

Experience/Education

• Background in prime brokerage risk
• Experience with total return swaps
• Understanding of equity markets
• Comfort with quantitative concepts
• Excellent communication skills both written and oral
• Proficiency with Microsoft Excel
• Proficiency with Bloomberg including Excel API

Desired Skills/Experience

• Proficiency with VBA and/or Python
• Proficiency with Microsoft Access and/or SQL
• Familiarity with security pricing models (options converts bonds) and/or risk modeling (VaR stress-testing)
• Knowledge of relevant securities law and margin concepts (such as SIMM)
• Experience with repo financing

Location(s): England : GreaterLondon : London (UK)

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.