Manager, Market Risk

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

Job summary

An established industry player is seeking a detail-oriented individual to join their Market Risk Analytics group. This role involves analyzing market risk exposure, enhancing data visualization tools, and preparing regulatory submissions. Ideal candidates will have a strong background in financial derivatives, quantitative analysis, and programming skills in SQL, VBA, and Python. Join a collaborative team that values creativity and offers numerous opportunities for personal and professional growth. This is a unique chance to build a rewarding career in risk management while contributing to a purpose-driven organization.

Benefits

Inclusive Work Environment

Professional Development Opportunities

Internal Training

Competitive Rewards Package

Medical Benefits

Vision Benefits

Dental Benefits

Paid Vacation

Personal & Sick Days

Qualifications

• Experience with financial derivatives and market risk capital regulations.
• Proficiency in SQL, VBA, and Python for analytics and reporting.

Responsibilities

• Analyze market risk capital results and enhance FRTB implementation.
• Prepare daily VaR and Stress testing reports and automate processes.

Skills

Financial Derivatives Knowledge

Attention to Detail

Analytical Skills

Problem-Solving Skills

SQL

VBA

Python

Collaboration

Multi-tasking

Education

Master's Degree in Quantitative Subject

CFA Progression

FRM Progression

Tools

Power BI

Tableau

Job description

Requisition ID: 221797

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

As part of Scotiabank Global Risk Management, the Market Risk Analytics group is at the forefront of managing the Bank's market risk capital and stress testing program in response to current regulatory & market changes and risk management initiatives. The group is responsible for the analysis of market risk exposure, through Value at Risk (VaR), Stress testing and capital, for the full suite of capital markets products.

The incumbent will support the team to ensure that enterprise market risk exposure is accurately measured and explained by the market movement and Bank’s trading strategies. This role is ideal for a person familiar with capital markets and regulatory requirements with quantitative background and proven interest in market risk management. This is an excellent opportunity to join a tightly collaborative team and build a career in risk management with immense support for personal and career development.

Is this role right for you? In this role, you will:

• Collaborate with various groups to analyze market risk capital results and enhance the implementation of FRTB.
• Enhance current data visualization tools (Power BI/Tableau) for capital-related analytics and reporting.
• Support enterprise-level market risk monitoring by working with the market risk modeling and technology teams to improve data accuracy and process efficiency.
• Prepare daily VaR and Stress testing reports among other periodic regulatory submissions; additionally, develop and implement automated solutions to improve reporting efficiency.
• Assist with the process documentation and RDARR requirements for market risk.

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:

• Strong knowledge of financial derivatives and familiarity with regulatory requirements on market risk capital, with familiarity with the VaR process considered an asset.
• Superior attention to detail and ability to work collaboratively in a team environment under tight timelines, along with excellent multi-tasking skills and demonstrated accountability.
• Exceptional analytical and problem-solving abilities, with proficiency in programming languages such as SQL, VBA, and Python, and hands-on experience in PowerBI/Tableau.
• A Master’s degree in a quantitative subject such as Math, Finance, or Economics is preferred, with completion or progression in the CFA and FRM programs considered 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.
• 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. 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.