Manager, Counterparty Credit Risk

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

Job summary

A leading bank, Scotiabank, is seeking a candidate for a risk oversight role focused on counterparty credit risk. This position offers diverse opportunities for professional development in a hybrid work environment, requiring skills in risk analysis and strong communication. Join a purpose-driven team dedicated to success and inclusion.

Benefits

Competitive rewards package including salary and performance bonus

Comprehensive benefits from day one

Diverse opportunities for professional development

Paid vacation, personal & sick days

Inclusive collaborative environment

Qualifications

• At least 3 years of experience in market or credit risk of traded products.
• Strong communication skills; fluency in Spanish is a plus.
• Knowledge of derivatives and familiarity with counterparty credit risk.

Responsibilities

• Monitor exposure of counterparty credit risk in securities financing, OTC derivatives, and FX transactions.
• Perform quantitative and qualitative analysis of counterparty risk.
• Support the development of reporting systems and business intelligence tools.

Skills

Communication

Risk Analysis

Quantitative Analysis

Education

University degree in a business-related field

CFA/FRM/PRM certifications

Tools

Power BI

Python

SQL

Unix

Job description

Requisition ID: #

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

This role is a key part of the CCR group, responsible for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by 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 issues when exposures exceed risk appetite. The group also stays updated on industry best practices and regulatory expectations.

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

1. Monitor exposure of counterparty credit risk in securities financing, OTC derivatives, and FX transactions.
2. Contribute to processes identifying emerging risks and support risk analysis.
3. Perform quantitative and qualitative analysis of counterparty risk, including correlation risks like wrong-way risk, collateral credit quality, concentration, and liquidity risks.
4. Develop relationships and communicate regularly with Management, Credit, Banking, Front Office, and other stakeholders on CCR matters.
5. Support the development of reporting systems and business intelligence tools.
6. Assist in preparing Board, regulatory, and other CCR reports.

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

1. At least 3 years of experience in market or credit risk of traded products.
2. Knowledge of derivatives and familiarity with counterparty credit risk.
3. Strong communication skills; fluency in Spanish is a plus.
4. A university degree in a business-related field; CFA/FRM/PRM certifications are desirable.
5. Advanced knowledge of Power BI, Python, SQL, and Unix is an asset.

What’s in it for you?

• An inclusive, collaborative environment that values curiosity, ownership, and celebrates success.
• Diverse opportunities for professional development and internal training.
• Hybrid work environment.
• A competitive rewards package including salary, performance bonus, pension and profit sharing, paid vacation, personal & sick days, and comprehensive benefits from day one.

Location: Toronto, Ontario, Canada

Scotiabank is a leading bank in the Americas, committed to helping customers and communities succeed. We value diversity and are dedicated to an inclusive environment. If you need accommodations during recruitment, please inform our team. Only candidates considered for an interview will be contacted.