Senior Manager, Counterparty Credit Risk

Scotiabank; Toronto; On-site; CAD 100,000 - 130,000; Full time

Benefits offered by this job

Professional development opportunities

Internal training

Inclusive working environment

Job summary

Scotiabank is seeking a Senior Manager, Counterparty Credit Risk in Toronto to provide oversight and reporting on counterparty credit risks. This role demands 5-10 years of direct experience in market and credit risk, with a strong focus on team management and analytical skills. The candidate will develop high-performing teams and support executive-level reporting. The position offers opportunities for professional development and a collaborative work environment that promotes creativity and success.

Qualifications

• 5-10 years direct experience in market risk and/or credit risk of traded products.
• Excellent grasp of counterparty credit risk metrics and underlying drivers.
• Advanced knowledge of derivative products valuation, trading businesses and markets.

Responsibilities

• Provide counterparty credit risk oversight and reporting.
• Develop two direct reports through coaching and performance management.
• Produce ongoing regulatory reporting and contribute to regulatory requests.

Skills

Market risk experience

Credit risk experience

Communication skills

Analytical skills

Relationship building

Team management

Education

University degree in a business-related field

CFA/FRM certification

Tools

Power BI

Python

SQL

Unix

Job description

Senior Manager, Counterparty Credit Risk

Location: Canada, Ontario, Toronto

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

In this role, you will:

• Provide counterparty credit risk oversight including the reporting and analysis of the following counterparty related information:
• Provide independent quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong-way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
• Exposure monitoring of counterparty credit risk arising from OTC derivatives and securities financing transactions.
• Lead and develop two direct reports, including coaching and performance management.
• Act as advisory to Credit Officers on distressed counterparties; identify and analyze leading indicators of emerging risks.
• Provide analysis of market events on portfolio and counterparty risk, support Executive-level, Board, regulatory and other key CCR reporting of counterparty risk.
• Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
• Produce ongoing regulatory reporting and contribute to ad-hoc regulatory requests.
• Assist with managing CCR policies.
• Manage the development of reporting and analysis systems and business intelligence tools.

Do you have the skills that will enable you to succeed in this role?

• 5-10 years direct experience in market risk and/or credit risk of traded products.
• Excellent grasp of counterparty credit risk metrics and underlying drivers / assumptions.
• Advanced knowledge of derivative products valuation, trading businesses and markets.
• Proven experience managing and developing high-performing teams in a complex environment.
• Strong communication, quantitative and analytical abilities to identify issues and to debate different approaches with various stakeholders.
• Strategic influencing and relationship building skills are required.
• University degree in a business-related field. CFA/FRM certification is desirable.
• Advanced knowledge of Power BI, Python, SQL and Unix is an asset.

What’s in it for you?

• The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal training to support your growth and enhance your skills.
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!
• The tools needed to create best-in-class student candidate experiences.