Manager, Counterparty Credit Risk

Scotia; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

Join a purpose-driven team at a leading bank in the Americas, committed to fostering an inclusive and high-performing culture. As a Manager in Counterparty Credit Risk, you will play a crucial role in overseeing risks associated with derivatives and securities financing transactions. This position offers the chance to work closely with various stakeholders, develop reporting systems, and contribute to risk mitigation strategies. With a focus on professional growth, you'll enjoy a rewarding career path supported by internal training and a competitive rewards package. If you're passionate about risk management and innovation, this is the perfect opportunity for you.

Benefits

Competitive rewards package

Performance bonus

Company matching programs on pension

Paid vacation

Medical benefits

Vision benefits

Dental benefits

Internal training programs

Qualifications

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

Responsibilities

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

Skills

Market risk analysis

Credit risk analysis

Communication skills

Fluency in Spanish

Education

University degree in business-related field

CFA/FRM/PRM certification

Tools

Power BI

Python

SQL

Unix

Job description

Title: Manager, Counterparty Credit Risk

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.

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!
• A rewarding career path with diverse opportunities for professional development.
• Internal training to support your growth and enhance your skills.
• 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 during the recruitment and selection process, please let our Recruitment team know. 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.