Senior Manager, Counterparty Credit Risk

Scotiabank; Toronto; On-site; CAD 80,000 - 130,000; Full time

Job summary

Join a purpose-driven team at an established industry player focused on counterparty credit risk. This role involves providing oversight on risk metrics, conducting quantitative and qualitative analysis, and advising on distressed counterparties. You'll collaborate with key stakeholders and contribute to regulatory reporting while fostering an inclusive work environment that values creativity and professional growth. If you have a strong background in market and credit risk, along with excellent analytical skills, this opportunity offers a rewarding career path with diverse development opportunities and a competitive rewards package.

Benefits

Competitive rewards package

Performance bonus

Company matching programs on pension

Paid vacation

Medical, vision, and dental benefits

Internal training for growth

Qualifications

• 5-10 years of experience in market and credit risk of traded products.
• Advanced knowledge of derivative products valuation and trading markets.

Responsibilities

• Provide oversight on counterparty credit risk and related metrics.
• Analyze market events impacting portfolio and counterparty risk.

Skills

Market Risk Analysis

Credit Risk Assessment

Quantitative Analysis

Communication Skills

Strategic Influencing

Fluency in Spanish

Education

University degree in business-related field

CFA/FRM/PRM certification

Tools

Power BI

SQL

Unix

Job description

Title: Senior Manager, Counterparty Credit Risk

Requisition ID: 216772

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

A key member of the Counterparty Credit Risk group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally.

The CCR group is a centralized function responsible for identifying signs of credit deterioration in the trading product portfolio, measuring, monitoring, and reporting a variety of metrics associated with counterparty credit risk and escalating when exposures grow beyond established risk appetite. The incumbent is also responsible for keeping up-to-date with industry best practices and regulatory expectations.

Is this role right for you? 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 in securities financing transactions, OTC derivatives, and FX transactions.
• 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.
• 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? We’d love to work with you if you have experience with:

• 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.
• Strong communication, quantitative and analytical abilities to identify issues and to debate different approaches with various stakeholders. Fluency in Spanish is an asset.
• Strategic influencing and relationship building skills are required.
• University degree in a business-related field.
• CFA/FRM/PRM certification is desired.
• Advanced knowledge of Power BI, SQL and Unix is an asset.

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

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. 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.