Manager, Counterparty Credit Risk Capital Analytics

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto seeks a Manager for Counterparty Credit Risk Capital Analytics. This role involves maintaining regulatory knowledge, conducting analyses, and delivering capital reporting. Candidates need strong communication skills and proficiency in SQL and Python. Competitive compensation and benefits are offered, with opportunities for professional growth in a collaborative environment.

Benefits

Professional development opportunities

Competitive compensation and benefits

Collaborative team environment

Qualifications

• Working knowledge of derivative pricing models.
• Proficient in SQL, Python, and Unix bash scripting.
• Strong ability to manage multiple priorities.

Responsibilities

• Maintain up-to-date knowledge of regulatory guidance on CCR and CVA capital.
• Conduct quantitative and technical reviews of capital processes.
• Deliver ad-hoc capital analysis and collaborate with stakeholders.

Skills

Derivative pricing models

CVA modeling

Statistical tests

Communication skills

SQL

Python

Technical analysis

Tools

MS Power BI

Docker

Git

Job description

Overview

Title: Manager, Counterparty Credit Risk Capital Analytics

Requisition ID: 241069

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

As part of Global Risk Management, the Counterparty Credit Risk Measurement (CCRM) team delivers reporting, analytics, and insights to the Bank’s non-retail business lines. The CCR Capital Analytics team specializes in regulatory capital for Counterparty Credit Default Risk and Credit Value Adjustment (CVA).

The incumbent will contribute to the development and maintenance of the Bank’s CCR capital system and be responsible for producing various reports and conducting related analysis. We are seeking individuals who can help drive large-scale initiatives forward, working alongside a diverse team of quants.

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

• Maintain up-to-date knowledge of regulatory guidance on CCR and CVA capital, ensuring effective interpretation and implementation across capital process, reporting, controls, and stakeholder communication
• Conduct quantitative and technical reviews of the capital processes, including implementation and enhancement of end-to-end workflows, applying statistical/mathematical tests, developing new techniques, and coding to assess model performance- while ensuring compliance with internal policies regulatory requirements
• Report CCR and CVA capital timely with quality, ensuring completeness, accuracy, and consistency
• Deliver ad-hoc capital analysis and collaborate with business lines and financial key stakeholder to support understanding of CCR/CVA) capital calculations
• Develop and implement Power BI analytics dashboards for CCR/CVA capital reporting, enabling drill-down analysis and key driver identifications to support capital efficiency management
• Collaborate with front office, technology, and users to support investigations and resolutions
• Develop and automate control processes to proactively identify data challenges affecting accuracy of CCR/CVA capital; Collaborate with data governance to drive resolution.
• Provide direct support to resolve audit and regulatory issues, and actively respond to ad hoc requests from senior management and regulators

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Technical Expertise: Working knowledge of derivative pricing models, CCR default capital (IMM & SA-CCR), CVA modeling, CVA capital (SA-CVA, BA-CVA), and market data
• Product Knowledge: Familiar with various trading products, including interest rate, foreign exchange, credit derivatives, equities, commodities, and securities financing transactions
• Communication Skills: Excellent written, verbal and presentation skills to effectively advise and communicate with diverse stakeholders
• Modeling & Analysis: Sound understanding of modeling techniques and ability to conduct various statistical and technical tests.
• Technical Skills: Proficient in SQL, Python, Unix bash scripting; familiar with Git and Docker/Bitbucket. Knowledge of databases and BI tools (especially MS Power BI) is an asset.
• Professional Attributes: Strong ability to manage multiple priorities efficiently, with attention to detail and the ability to work independently or collaboratively. Skilled in building consensus across teams.

What's in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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.