Senior Manager, Balance Sheet Management - International Banking

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Annual bonus

Learning & development programs

Comprehensive benefits starting day 1

Job summary

Scotiabank is seeking an experienced International Banking Treasury professional to support balance sheet management and risk analytics. You will provide analytical support on interest rate risk, liquidity risk, investments, and FX hedging to enable governance and strategic execution across International Banking Treasury.

The role involves developing models, running scenario analyses, and delivering insights to ALCO discussions and senior management.

Qualifications

• Undergraduate degree or higher in a quantitative field.
• Strong experience in Treasury, ALM, balance sheet management, market and liquidity risk.
• Knowledge of IRRBB, LCR, NSFR and market risk requirements.

Responsibilities

• Support IB Balance Sheet Management to orchestrate Treasury strategies.
• Develop and use models for SIRR and liquidity metrics.
• Deliver analytics and scenario analyses on balance sheet impacts.
• Provide insights to ALCO and senior management decisions.
• Recommend hedging and positioning strategies using swaps and derivatives.
• Ensure adherence to ALM/FM policies and governance standards.
• Collaborate with Treasury, Risk, Finance and IT on priorities and data tooling.

Skills

Treasury

ALM

Balance sheet mgmt

Market risk

Liquidity risk

SIRR

Data analytics

Python

SQL

Power BI

Communication

CFA/FRM

MBA asset

Education

Undergraduate degree in Finance, Economics, Accounting, Business, Mathematics, Engineering

Graduate degree asset

Tools

Python

SQL

Power BI

Job description

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

Contributes to the overall success of the Group Treasury (GT) - International Banking (IB). Provides analytical support to the International Banking Treasury team to facilitate effective governance and strategy orchestration over the International Treasuries on key topics such as Interest Rate Risk management, liquidity risk management, investments and FX hedging ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities are conducted in alignment with the Bank’s strategic priorities, risk appetite, and governance regulations.

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

• Support the International Banking (IB) Balance Sheet Management (BSM) Team to manage the orchestration of Treasury strategies designed to achieve effective and proactive balance sheet management
• Support the IB BSM Team to develop, implement and use of models and measurements to provide timely insights on Structural Interest Rate Risk (SIRR) and Liquidity Risk metrics.
• Deliver advanced analytics and scenario analysis to assess the impact of balance sheet growth, repricing gaps and market rate movements on net interest income and the Bank’s risk profile.
• Provide timely insights and recommendations to support International Banking ALCO discussions, senior management decision-making, risk limit management, and the execution of Treasury strategies
• Recommend and execute hedging and balance sheet positioning strategies using interest rate swaps, foreign exchange derivatives, fixed-income securities, and other Treasury instruments.
• Support the consistent application of Asset-Liability Management and Funds Transfer Pricing policies, methodologies, and governance standards across International Banking locations.
• Partner with local Treasury teams, Global Risk Management, Finance, Technology, and other stakeholders on balance sheet management priorities, regulatory initiatives, risk limits, and key Treasury exposures.
• Contribute to the development of the International Banking Balance Sheet Management technology strategy, including data pipelines, analytical infrastructure, quantitative tools, and reporting capabilities.

Skills

• Undergraduate degree in Finance, Economics, Accounting, Business, Mathematics, Engineering, or a related quantitative discipline; a graduate degree is considered an asset.
• Strong experience in Treasury, Asset-Liability Management, balance sheet management, market risk, liquidity risk, structural interest rate risk, or a related financial discipline.
• Advanced knowledge of balance sheet risk management concepts, including net interest income simulation, repricing gap analysis, liquidity risk, investment portfolio management, and interest rate and foreign exchange hedging.
• Strong quantitative and analytical capabilities, with the ability to translate complex balance sheet and market data into clear, actionable recommendations.
• Knowledge of Funds Transfer Pricing, Cost of Funds methodologies, behavioural modelling, and the management of non-maturity deposits is highly desirable.
• Familiarity with key regulatory and risk management frameworks, including IRRBB, LCR, NSFR, and market risk requirements.
• Experience with data analytics (Python, SQL, etc.), visualization, programming or business intelligence tools (Power BI, etc.), is considered an asset.
• Strong communication, management skills and results-oriented mindset, with the ability to influence and collaborate across Treasury, Risk and Finance
• CFA, FRM, MBA, or another relevant professional designation is considered an asset.
• Professional proficiency in Spanish is considered an Asset.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities — for you and our customers.
• A competitive rewards program that includes an annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship — We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow, and participate through our various Employee Resource Groups (ERGs), which span diverse gender identities, ethnicities, races, ages, abilities, and veteran statuses.
• Accessibility and Workplace Accommodations — We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.

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.