Senior Manager, Counterparty Credit Risk

Scotiabank; Canada; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a skilled professional to join their Counterparty Credit Risk group. This role is pivotal in providing risk oversight on derivatives and securities financing transactions, ensuring compliance with industry standards. You'll be analyzing market events, advising on distressed counterparties, and building strong relationships with various stakeholders. The position offers a hybrid work environment, competitive rewards, and opportunities for professional growth in an inclusive culture that values ownership and celebrates success. If you have a strong background in market or credit risk, this is a fantastic opportunity to make a significant impact.

Benefits

Professional Growth Opportunities

Internal Training

Pension Plan

Profit Sharing

Comprehensive Benefits

Qualifications

• 5-10 years of experience in market or credit risk of traded products.
• Strong understanding of counterparty credit risk metrics and drivers.

Responsibilities

• Provide oversight and analysis of counterparty credit risk.
• Monitor exposure in securities financing transactions and OTC derivatives.

Skills

Market Risk Analysis

Credit Risk Metrics

Communication Skills

Quantitative Skills

Analytical Skills

Relationship Building

Fluency in Spanish

Education

University Degree in Business

CFA/FRM/PRM Certification

Tools

Power BI

SQL

Unix

Job description

Requisition ID: #

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

A key member of the Counterparty Credit Risk (CCR) group, responsible for providing risk oversight on counterparty credit risk from derivatives and securities financing transactions within the bank's global capital markets businesses.

The CCR group is a centralized function that identifies signs of credit deterioration, measures, monitors, and reports various metrics related to counterparty credit risk, and escalates exposures beyond risk appetite. The role also involves staying updated on industry best practices and regulatory standards.

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

1. Provide oversight and analysis of counterparty credit risk, including risk mitigation insights on correlation risks such as wrong-way risk, collateral quality, concentration, and liquidity risks.
2. Monitor exposure in securities financing transactions, OTC derivatives, and FX transactions.
3. Advise Credit Officers on distressed counterparties and identify emerging risks.
4. Analyze market events affecting portfolio and counterparty risk; support regulatory and executive reporting.
5. Build strong relationships with Management, Credit, Banking, Front Office, and other stakeholders.
6. Handle regulatory reporting and contribute to ad-hoc requests.
7. Manage CCR policies and develop reporting systems and business intelligence tools.

Do you have the skills to succeed? We’d love to hear from you if you have:

1. 5-10 years of experience in market or credit risk of traded products.
2. Strong understanding of counterparty credit risk metrics and drivers.
3. Knowledge of derivative valuation, trading, and markets.
4. Excellent communication, quantitative, and analytical skills; fluency in Spanish is a plus.
5. Relationship-building and strategic influencing skills.
6. University degree in a business-related field.
7. Desired: CFA/FRM/PRM certification.
8. Assets: Power BI, SQL, Unix knowledge.

What’s in it for you?

1. An inclusive, collaborative environment that values curiosity, ownership, and celebrates success.
2. Opportunities for professional growth and internal training.
3. Hybrid work environment.
4. Competitive rewards including salary, bonuses, pension, profit sharing, benefits, and more.

Location

Canada: Ontario: Toronto

At Scotiabank, we value diversity and are committed to an inclusive environment. Accommodations are available upon request during the recruitment process.