Manager, Counterparty Credit Risk

Scotiabank; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a Manager for Counterparty Credit Risk to join their dynamic team in Toronto. This role is pivotal in providing risk oversight on counterparty credit risk from derivatives and securities financing transactions. You will engage in quantitative analysis, monitor emerging risks, and collaborate with various stakeholders to enhance risk management practices. The company fosters an inclusive and high-performing culture, offering a hybrid work environment and a competitive rewards package. If you are passionate about risk management and thrive in a collaborative setting, this opportunity is perfect for you.

Benefits

Medical Benefits

Vision Benefits

Dental Benefits

Paid Vacation

Performance Bonus

Pension Matching

Professional Development Opportunities

Flexible Work Environment

Qualifications

• 3+ years in market or credit risk of traded products.
• Strong knowledge of derivatives and counterparty credit risk.
• Experience in quantitative and qualitative risk analysis.

Responsibilities

• Monitor counterparty credit risk in securities financing and derivatives.
• Contribute to risk analysis and reporting for regulatory compliance.
• Develop relationships with key stakeholders for CCR matters.

Skills

Market Risk Experience

Credit Risk Knowledge

Communication Skills

Fluency in Spanish

Quantitative Analysis

Education

University Degree in Business

CFA Certification

FRM Certification

PRM Certification

Tools

Power BI

Python

SQL

Unix

Job description

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Join to apply for the Manager, Counterparty Credit Risk role at Scotiabank

Requisition ID: 216773

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:

• Exposure monitoring of counterparty credit risk in securities financing transactions, OTC derivatives, and FX transactions.
• Contribute to processes identifying leading indicators of emerging risks and support emerging risk analysis.
• 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.
• Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
• Support the development of reporting and analysis systems and business intelligence tools.
• Contribute to Board, regulatory, and other key CCR reporting.
  
  

Skills

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:

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

What's in it for you?

• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• Hybrid Work Environment
• 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 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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