Senior Manager, Balance Sheet Market Risk

Scotiabank; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Manager for their Balance Sheet Market Risk team. This role involves overseeing structural interest rate risks, enhancing risk measurement, and providing insights to senior management. Candidates should have a strong background in Treasury and Risk Management, with proficiency in data analysis tools and ALM modeling. The position offers a hybrid work environment, competitive rewards, and opportunities for professional growth within an inclusive culture that values innovation and collaboration.

Benefits

Opportunities for professional growth

Internal training

Hybrid work environment

Competitive salary and bonuses

Pension and profit sharing

Comprehensive benefits

Qualifications

• 5+ years in Treasury, ALM, Risk Management, or Capital Markets.
• Strong knowledge of financial products and hedging strategies.

Responsibilities

• Oversee the Bank's structural interest rate risk and communicate risk metrics.
• Lead independent reviews of the first line's processes and recommend improvements.

Skills

Treasury Management

Risk Management

ALM Modeling

Analytical Skills

Communication Skills

Education

Degree in Finance

CFA or FRM designation

Tools

VBA

SQL

Power BI

Tableau

RiskWatch

Bancware

QRM

Job description

Requisition ID: 224278

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

The Balance Sheet Market Risk team provides independent oversight of the Bank's structural balance sheet risks, including transfer pricing, hedging, and investment strategies executed by Group Treasury and other units.

The Senior Manager will focus on second-line oversight of these risks, emphasizing measurement, trend analysis, model parameter setting, and leading independent reviews of the first line. The role involves providing high-quality insights on the Bank’s SIRR and FX risk profiles to senior management and the Board.

Key Responsibilities

1. Oversee the Bank's structural interest rate risk, ensuring effective communication of risk metrics and market conditions.
2. Challenge and improve the alignment of interest rate risk, liquidity risk, and fund transfer pricing measurement, identifying gaps for resolution.
3. Ensure timely, accurate reporting on risk metrics, business activities, and peer comparisons for stakeholders including the Board, ALCO, TRC, OSFI, and senior management.
4. Lead independent reviews of the first line's processes, providing assessments to TRC and ALCO annually.
5. Review and challenge ALM modeling parameters, acting as a liaison between modeling teams and validation, and recommend process improvements.
6. Maintain and update the structural interest rate risk framework in collaboration with Group Treasury.
7. Participate in ad hoc analyses, projects, and working groups as needed.

Qualifications

• Degree in Finance, Economics, Engineering, Applied Mathematics, or related field (preferred).
• CFA and/or FRM designation (preferred).
• 5+ years in Treasury, ALM, Risk Management, Modeling, or Capital Markets.
• Strong knowledge of financial products, capital markets, and banking products, including hedging strategies.
• Expertise in ALM modeling concepts and their impact on risk metrics.
• Analytical, problem-solving skills, with experience in operational frameworks and controls.
• Proficiency in data analysis tools (VBA, SQL, Power BI, Tableau) and familiarity with ALM tools (RiskWatch, Bancware, QRM) is advantageous.
• Excellent communication skills.

Benefits

• Inclusive, collaborative environment fostering curiosity, ownership, and innovation.
• Opportunities for professional growth and internal training.
• Hybrid work environment.
• Competitive rewards including salary, bonuses, pension, profit sharing, benefits, and more.

Location: Toronto, Ontario, Canada

Scotiabank is committed to diversity and inclusion. Applicants requiring accommodations during the recruitment process should notify the recruitment team. Candidates must apply online; only those selected for interviews will be contacted.