Senior Manager, US Counterparty Risk

Requisition ID: 270621

Employee Referral Program Potential Reward:$3500.00

Salary Range:120900.00-231400.00

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.

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America operating globally for over 100 years. Scotiabanks strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose
The role will oversee all aspects of Counterparty Credit Risk (CCR) emanating from Scotia Capital (U.S.A.) Inc. (SCUSA) and Scotia Bank U.S. (SBUS) with a focus on Futures Commission Merchant (FCM). Take a leadership role in partnering with Global Banking and Markets (GBM) to ensure sound risk management practices are observed in CCR as it pertains to U.S. booked and managed activity.

What Youll Do
Oversee daily and periodic CCR reporting for SCUSA SBUS and covered entities including risk appetite metrics facility- and counterparty-level Potential Future Exposure (PFE) stress breaches Futures Commission Merchant (FCM) deliverables and month-end and quarter-end reporting requirements.
Familiarity with CFTC 1.73 & cross-margining monitor client exposures across futures & options across asset classes. Evaluate concentration and evaluate margin sufficiency. Assist credit risk with sizing limits.
Lead review approval and communication of credit risk exposures across Repo Securities-Based Lending Prime Services and OTC derivatives including exposure trends utilization changes concentration risks and limit or stress breaches.
Assess stress scenarios tail risks PFE and stress testing models and related assumptions limitations and weaknesses to support proactive portfolio risk identification.
Partners with trading groups system owners data providers and CMR to address emerging risk-taking activity improve reporting timeliness and accuracy and support review of margin exception requests.
Strengthening CCR reporting infrastructure by understanding data and technology flows enhancing Power BI dashboards and reporting tools and overseeing production and risk system enhancements that improve controls and efficiency.
Support governance internal audit and regulatory activities including FRB requests remediation of findings RCSA and CRCA processes and Clausematch updates for policies procedures and frameworks.
Promote a high-performance inclusive team environment through clear communication succession planning and talent development.

Reporting Relationships
Primary Manager: Director Head of U.S. Counterparty Credit RiskUS Risk Management SCUSA
Direct Reports: N/A
Shared Reports: N/A

What Youll Bring
Bachelors or Masters degree or foreign equivalent in Finance Mathematics or statistics or a related field and four (4) years of progressively responsible experience in the job offered or related occupation: preferred 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).

Working Conditions
Work in a standard office-based environment that includes hybrid arrangement; non-standard hours are a common occurrence. Limited travel domestically/internationally/globally.

Interested

If your experience is closely related but doesnt align perfectly with every qualification we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats in it for you

Scotiabank wants you to be able to bring your best self to work and life every day. With a focus on holistic well-being our many flexible benefit programs are designed to help support your unique family financial physical mental and social health needs.

#GBM

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or any other characteristic protected by federal state or local law.