Manager, Funds Risk Management

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

Job summary

A leading financial institution in Toronto is seeking a Manager for Agency Funds to manage reports and tools for data analysis in credit adjudication. The ideal candidate will have experience with securities financing transactions, large data sets, and proficiency in SQL and Tableau. This role offers a competitive rewards package including performance bonuses and health benefits from day one.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Expertise in analyzing large data sets.
• Strong structured data management skills.
• Ability to make recommendations to senior management.

Responsibilities

• Adjudicate on credits and provide recommendations on limit increases.
• Develop tools to eliminate manual tasks.
• Monitor daily limit breaches and validate overruns.

Skills

Traded products and securities financing transactions

SQL

Python

VBA

Tableau

PowerBI

Credit analysis

Communication skills

Time management

Problem-solving

Education

University degree in business, management information systems, financial mathematics, computer science or engineering

MBA

CFA

GARP

FRM

Tools

Tableau

PowerBI

SQL

Python

VBA

Job description

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

Agency Funds provide a source of securities inventory and liquidity for the bank. They provide funding and play an important role in Scotiabank’s ability to provide prime brokerage services and foreign exchange services to clients. As a Manager, you are responsible for developing and maintaining reports and tools to analyze a large volume of data used in credit adjudication. You will also facilitate credit adjudication and ensure that new agents and fund additions follow established guidelines and provide recommendations for credit adjudication.

Is this role right for you?

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Adjudicate on credits within assigned authority as outlined in the Agency Credit Policy and provides recommendations on limit increases and counterparty onboarding.
• Develop and maintain tools and processes to eliminate manual tasks using automation.
• Provide data analysis, data parsing and mapping and develop automated controls around data accuracy. Transform and parse large data files to feed Tableau.
• Develop and maintain a suite of Tableau reports needed to manage the Agency funds’ limits and report fund-level exposure.
• Monitor daily limit breaches, validate overruns, investigate and resolve limit breaches.
• Ensure that credit applications submitted to senior management are analyzed accurately, support information is completed, and sound recommendations are made in a concise form.
• Develop a high degree of industry knowledge/expertise and ensure the ongoing quality of the credit portfolio through the review of industry publications, the assessment of monthly/quarterly financial reporting packages and discussions with applicable banking officers.
• Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and control risk.
• Champion a high-performance environment and contribute to an inclusive work environment.

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

• Work experience with traded products and securities financing transactions.
• Expertise in analyzing large data sets; must possess strong structured data management, and be proficient with SQL, Python, and VBA.
• Experience in Tableau or PowerBI development.
• Interest in credit analysis and understanding of the macroeconomic environment in major developed and emerging markets.
• Understanding of securities borrowing/lending and repo transactions, derivative products, equities, foreign exchange products.
• Knowledge of legal documentation (ISDA, GMSLA, GMRA, etc). Working knowledge of the accounting and regulatory environments relating to the financial services industries.
• Ability to make decisions and appropriate recommendations to senior/executive management and effectively support those recommendations.
• Excellent time management skills, including ability to work well under pressure and constantly adjust priorities.
• Excellent communication skills – written and oral.
• Strong troubleshooting and problem-solving skills.
• University degree in business, management information systems, financial mathematics, computer science or engineering. MBA, CFA, GARP or FRM designations also considered an asset.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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 contact us. 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.