Manager, Market Risk and Analysis

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

Job summary

A leading bank in the Americas seeks a Manager for Market Risk and Analysis in Toronto. The role involves overseeing market risk, analyzing economic trends, and leading a team of analysts. Ideal candidates will have a strong background in financial analysis, data analytics, and leadership experience. Join a purpose-driven team at Scotiabank, committed to fostering an inclusive and successful environment.

Qualifications

• Minimum 2-3 years' experience in financial analysis of the markets.
• People leadership experience preferred.
• Solid understanding of wealth management.

Responsibilities

• Monitor market activity and evaluate accounts for corrective action.
• Gather and format data into regular and ad-hoc reports.
• Lead a team of analysts in market risk analysis.

Skills

Data analytics

Quantitative analysis

Problem-solving

Communication

Education

University degree

Tools

Microsoft Access

Broadridge

Job description

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Title: Manager, Market Risk and Analysis

Requisition ID: 227241

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

The Manager, Market Risk and Analysis is accountable for the overall management of market risk across Canadian Wealth Management. The role will focus on mitigating risk to Global Wealth Management and its clients, driven by market events and movements and using data analysis and modelling. The Manager will also focus on monitoring market trends, analyzing economic and political events and implementing risk management plans to minimize potential losses.

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

• Monitor market activity for security price fluctuations and evaluate accounts holding the position & take any corrective action necessary
• Identify and update securities with incorrect loan values in multiple systems and applications
• Stay abreast of macro-economic events that will drive market fluctuations
• Investigate non-routine problems and discrepancies to determine risk and exposure, and make decisions to minimize financial impact, protect the firm’s reputation, and prevent litigation
• Gather and format data into regular and ad-hoc reports and dashboards
• Analyze data and information to provide risk-related insights and build monitoring and trending program to track patterns of client behaviors
• Employ stress tests, quantitative analysis and modelling
• Build risk reporting, such as KRIs and KPIs
• Assume responsibility for existing Access Databases, making changes as required
• Lead a team of analysts to further market risk and analysis activities

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

• University degree preferred
• Minimum 2-3 years’ experience in financial analysis of the markets, especially trading
• People leadership experience preferred
• Superior data analytics and quantitative analysis skills
• Advanced Microsoft Access skills
• Solid understanding of wealth management business
• Broadridge knowledge is an asset
• The ability to take initiative and employ creative problem-solving skills to make good judgement calls
• Excellent verbal and written communication skills

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.