Manager, Treasury Risk Analytics - LATAM Region

Scotiabank; Toronto; On-site; CAD 125,000 - 150,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager to oversee market and liquidity risk. The role involves collaborating with various business lines, maintaining risk frameworks, and ensuring accurate portfolio valuations. Candidates should have a quantitative background, at least 2 years of relevant experience, and proficiency in programming and data visualization tools. A competitive rewards package and a collaborative work environment await the successful applicant.

Benefits

Comprehensive medical, vision, and dental benefits

Performance bonus

Company matching programs on pension and profit sharing

Internal training programs

Qualifications

• Minimum of 2 years of experience in relevant risk management.
• Strong writing skills for reporting to Senior Management.
• Ability to prioritize and multitask in a fast-paced environment.

Responsibilities

• Develop effective relationships with business lines regarding risk.
• Ensure accurate portfolio valuations through P&L analysis.
• Run daily risk reports and identify improvement opportunities.

Skills

Knowledge of Spanish

Programming languages proficiency (Python, R, SQL, Visual Basic)

Strong knowledge of market risk management

Strong communication skills

Experience in liquidity risk or market risk management

Data visualization tools experience (Tableau, Power BI)

Education

Quantitative Undergraduate degree

Master's degree (MSc, Master of Finance)

Tools

Tableau

Power BI

Job description

Requisition ID: 232196

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

The manager in TFRM International team is primary focused on providing structural, liquidity, and market risk oversight for Scotiabank's operations in Latin America and Caribbean units, ensuring all positions and their inherent key risks are properly identified, quantified, monitored, and reported.

This role has regular exposure to Senior Management across different areas and jurisdictions to discuss and provide recommendations on market risk related issues in the region; written and oral presentations are done on a regular basis to Senior Level Executives.

The manager will also assess business proposals and provide recommendations on the appropriate risk frameworks in line with Scotiabank's standards and policies.

Other activities include, designing periodic reports, developing tools to improve the team's risk oversight, reviewing the risk framework of the different jurisdictions, assessing data quality, ensuring information integrity, and implementing technology related projects.

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

Business Relationship: Develop effective relationships with business lines that foster awareness of the Bank's risk framework and sharing of information.

Proactivity: Self-initiated behavior that endeavors to propose and execute solutions to daily challenges and tasks.

Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to market developments and risk matters, including changes in risk profile and P&L drivers. Monitor international financial markets/events, identify new trends and summarize new regulatory requirements.

Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an independent opinion on business initiatives, including calibrating risk limits in alignment with the Bank's risk appetite framework.

Valuation: Ensure portfolios are accurately valued through analysis of daily P&L results and oversight over Independent Price Verification process.

Communication: Distilling relevant daily risk/market information into highlights, ensuring material issues are communicated to stakeholders.

Report Effectiveness: Run daily processes within deadlines (e.g., reports, analysis, etc.) and identify process improvement opportunities. Contribute to the testing and development of new tools to automate risk processes across different jurisdictions.

Team player: Work effectively with other team members and/or stakeholders with emphasis on getting things done through proactive participation and collaboration.

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

• Knowledge of Spanish is a strong asset
• Quantitative Undergraduate (e.g., Economics, Finance, Mathematics, Statistics, Engineering, etc.) with a master’s degree (e.g., MSc, Master of Finance, Master of Risk Management, etc.).
• FRM and/or CFA certifications are an asset.
• Proficiency using programming languages and data management software, including Python, R, SQL, Visual Basic, etc.
• Strong knowledge of market risk management processes and measurement techniques is required.
• At least 2 years of previous experience in liquidity risk, interest rate risk or market risk management.
• Knowledge of the Bank's risk appetite and risk framework is an asset.
• Advise and support International Subsidiaries in the development of their risk management framework in line with the Bank’s standards for balance sheet management (e.g., Static Interest Rate Gaps, Net Interest Income, Economic Value, duration gap.), liquidity risk management (e.g., Liquidity Cash Gap, Liquidity Buffer, Liquidity Stress Testing) and market risk management (VaR, sVaR, Interest Rate Sensitivity (DV01)).
• Conceptualize, develop, and deploy value-added analytical tools and data visualization solutions to support treasury activities around structural interest rate risk and liquidity management. Develop and maintain tools and processes to eliminate manual tasks with automation.
• Strong communication skills are critical as there is close interaction with the regional Treasurers, Traders, and local Market Risk Management teams. Spanish is an asset.
• Strong writing skills are critical as written communication is often used to present key issues and recommendations to Senior Management and/or to the Bank's Market Risk and Management Policy Committee.
• Given the high volume of activity, the manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives. Ability to adapt to a dynamic and fast-paced environment is a must.
• Strong technical knowledge and work experience in data visualization tools (i.e., Tableau, Power BI).
• Knowledge of treasury risk (SIRR and liquidity risk) management or ALM processes and metrics.

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. 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.