Manager, Counterparty Credit Risk

Scotiabank; Canada; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated professional to join their team in a role focused on counterparty credit risk oversight. This position involves monitoring and analyzing risks associated with derivatives and securities financing transactions, collaborating with various stakeholders, and developing reporting systems. The ideal candidate will possess a strong background in market and credit risk, along with advanced analytical skills using tools like Power BI and Python. Join a dynamic and inclusive environment that fosters creativity and professional growth, while making a significant impact on the organization's risk management strategies.

Benefits

Competitive rewards package

Performance bonus

Company matching programs on pension

Paid vacation

Medical benefits

Vision benefits

Dental benefits

Internal training for growth

Inclusive work environment

Professional development opportunities

Qualifications

• 3+ years of experience in market risk and/or credit risk of traded products.
• Knowledge of derivatives products and familiarity with counterparty credit risk.

Responsibilities

• Monitor counterparty credit risk in securities financing and OTC derivatives.
• Contribute to risk analysis and reporting for emerging risks.

Skills

Market Risk

Credit Risk

Communication Skills

Fluency in Spanish

Education

University degree in a business-related field

CFA/FRM/PRM certification

Tools

Power BI

Python

SQL

Unix

Job description

Requisition ID: #

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

A key member of the CCR group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally.

The CCR group is a centralized function responsible for identifying signs of credit deterioration in the trading product portfolio, measuring, monitoring, and reporting a variety of metrics associated with counterparty credit risk and escalating when exposures grow beyond established risk appetite. The incumbent is also responsible for keeping up-to-date with industry best practices and regulatory expectations.

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

1. Exposure monitoring of counterparty credit risk in securities financing transactions, OTC derivatives, and FX transactions.
2. Contribute to processes identifying leading indicators of emerging risks and support emerging risk analysis.
3. Contribute to the quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong-way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
4. Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
5. Support the development of reporting and analysis systems and business intelligence tools.
6. Contribute to Board, regulatory, and other key CCR reporting.

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

We’d love to work with you if you have experience with:

1. 3 years experience in market risk and/or credit risk of traded products.
2. Knowledge of derivatives products and familiarity with counterparty credit risk.
3. Strong written and verbal communication skills. Fluency in Spanish is an asset.
4. University degree in a business-related field. CFA/FRM/PRM certification is desirable.
5. Advanced knowledge of Power BI, Python, SQL and Unix is an asset.

What's in it for you?

1. We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!
2. An inclusive working environment that encourages creativity, curiosity, and celebrates success!
3. A rewarding career path with diverse opportunities for professional development.
4. Internal training to support your growth and enhance your skills.
5. Hybrid Work Environment.
6. A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!

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 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.