Manager, Counterparty Credit Risk Analytics - Market Risk Measurement

Scotiabank; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking team dedicated to creating a safer financial world through data and analytics. This role focuses on building the next-generation market risk framework, ideal for someone with a strong quantitative background. Engage in bank-wide projects, collaborate with diverse teams, and contribute to innovative solutions in risk measurement. You'll be at the forefront of initiatives that enhance financial stability, working with cutting-edge analytics and reporting systems. This is an exciting opportunity to make a significant impact in the financial sector while promoting diversity and inclusion.

Benefits

Professional Growth Opportunities

Supportive Internal Development Programs

Competitive Compensation

Community Initiatives Participation

Diverse and Inclusive Workplace

Qualifications

• Strong quantitative background with a focus on Capital Markets and Risk regulations.
• Advanced degree in a quantitative field preferred, with knowledge of derivatives.

Responsibilities

• Collaborate with stakeholders to govern CCR measures and enhance reporting processes.
• Lead strategic initiatives for accurate CCR reporting and support operational responsibilities.

Skills

Quantitative Analysis

Problem Solving

Communication Skills

Stakeholder Management

Data Analytics

Education

Master's in Mathematics

PhD in Finance

Bachelor's in Economics

Tools

Python

SQL

MS Power BI

Unix Bash Scripting

Job description

Requisition ID: 224241

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

Are you passionate about creating a safer financial world through data, analytics, and modeling? Join us!

The Market Risk Measurement (MRM) team is a leader in risk methodologies, recognized with awards and pioneering initiatives in the Canadian banking sector. We develop models, frameworks, and systems for Market Risk, Liquidity Risk, and Counterparty Credit Risk Measurement, preparing Scotiabank for new regulatory and industry initiatives. We also engage with regulators to enhance financial stability worldwide. Notably, MRM was instrumental in obtaining Canada's first regulatory approval for using Internal Model Methods (IMM) for Counterparty Credit Risk.

Our team actively promotes Diversity & Inclusion (D&I), representing diverse backgrounds and participating in Women-in-Leadership initiatives, enterprise-wide D&I discussions, events, and Employee Resource Groups to foster representation and recognition of minority groups.

We seek talented individuals to advance these initiatives, working alongside a diverse team of quants, data scientists, and developers, collaborating with stakeholders across Scotiabank.

Is this role right for you?

If you enjoy applying quantitative finance and data analytics to solve meaningful problems and want to help build the next-generation market risk framework, this role is ideal. It suits someone with a quantitative background eager to lead bank-wide projects requiring strong communication and stakeholder management skills.

As part of the Counterparty Credit Risk Analytics team, you will work with systems measuring Potential Future Exposure (PFE), IMM capital, and xVA pricing. You will be at the forefront of bank-wide CCR initiatives, interacting with business and risk stakeholders to provide analytics support and data solutions, ensuring accurate reporting and insights for CCR monitoring and capital calculations.

In this role, you will:

• Collaborate with front office, model development, technology, and data users to govern CCR measures (MTM, Current Exposure, PFE).
• Advise business lines on PFE movements and breaches to support strategic decisions.
• Lead strategic, quantitative initiatives for accurate CCR reporting.
• Enhance systems, analytics, and reporting processes, including automation.
• Support operational responsibilities like dashboard oversight, data analysis, documentation, and reporting.
• Participate actively in team and D&I initiatives.

Qualifications for success:

• Strong quantitative background with problem-solving skills, interest in Capital Markets, Finance, Economics, Derivatives, and Risk regulations.
• Advanced degree in Mathematics, Statistics, Physics, Engineering, Finance, or Economics; Master’s or PhD preferred.
• Knowledge of derivatives, SFT products, and CCR calculation methods.
• Excellent communication skills with the ability to simplify complex ideas.
• Experience with stakeholder management and project execution.
• Proficiency with Python and/or other Object-Oriented languages, Unix bash scripting (preferred).
• SQL programming is essential.
• Knowledge of databases and BI tools like MS Power BI is a plus.

What’s in it for you?

• Be part of a forward-thinking, collaborative team.
• Opportunities for professional growth and development.
• Supportive internal development programs.
• Competitive compensation and benefits.
• Contribute to community initiatives and a diverse, inclusive workplace that celebrates success.

This position is based in Downtown Toronto.

Location: Canada, Ontario, Toronto

Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future." We support our customers and communities through a broad range of financial services.

We value diversity and are committed to an accessible environment. If you need accommodations during the recruitment process, please inform our Recruitment team. For technical assistance, click here. Candidates must apply online; only selected candidates will be contacted for interviews.