Senior Manager, Counterparty Market Risk

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Join a leading financial institution as a Counterparty Market Risk Analyst in Toronto. This role involves managing market risks, developing analytics, and collaborating across teams to enhance risk measurement. Ideal candidates will have a quantitative background, strong analytical skills, and experience in risk management.

Benefits

Opportunities for professional growth and development

Internal training programs

Competitive compensation including salary, bonuses, and benefits

Qualifications

• 5+ years experience in counterparty credit or market risk management.
• Deep understanding of financial markets, risk analysis, and derivatives valuation.
• Knowledge of ISDA/CSA, MRA, GMRA documentation.

Responsibilities

• Manage margin sufficiency analysis for trading counterparties.
• Collaborate with Credit Officers to develop a tail risk library.
• Support regulatory and audit projects.

Skills

Analytical skills

Problem-solving

Decision-making

Communication

Project management

Education

Quantitative undergraduate degree

Master’s degree (preferred)

CFA/FRM/PRM progress or completion

Tools

Python

R

Job description

Requisition ID: 222846

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

Role Overview: Support counterparty market risk (CMR) by managing margin sufficiency analysis for all trading counterparties, market risk for financing business, and enhancing counterparty credit risk analytics. The CMR team identifies and assesses key market risks impacting counterparty exposures, using analytics and customized tools to highlight tail and concentration risks, and integrating inputs from credit and market risk teams for comprehensive risk assessment.

Key Responsibilities:

• Foster a customer-focused culture to enhance client relationships and leverage bank resources.
• Understand, control, and report counterparty market risks in line with policies and risk appetite.
• Oversee portfolios from a margin sufficiency perspective; provide independent analysis for margin requests.
• Collaborate with Credit Officers to understand portfolio risks and develop a tail risk library for global Margin/Haircut frameworks.
• Leverage TFRM market risk officers' expertise to enhance CCR oversight.
• Develop margin sufficiency analytics, models, and tools to support CCR management.
• Support risk adjudication by providing margin sufficiency analysis for new deals and amendments; participate in committees as needed.
• Assist in stress testing development, oversee market risk exposures, and communicate risks to senior management.
• Review new product proposals, recommend limits, and ensure adherence to risk appetite.
• Support regulatory and audit projects; advise on valuation adjustments and ensure proper valuation methodologies.
• Partner with business stakeholders to identify issues and develop strategic solutions.
• Collaborate across teams to enhance risk measurement and monitoring; escalate data deficiencies and model gaps.
• Participate in system enhancements and upgrades.
• Understand and incorporate the bank’s risk appetite and culture into daily activities.

Qualifications:

• Quantitative undergraduate degree (e.g., finance, mathematics, statistics, engineering); Master’s preferred; CFA/FRM/PRM progress or completion is a plus.
• Deep understanding of financial markets, risk analysis, and derivatives valuation.
• Market risk knowledge of OTC businesses and SFTs.
• 5+ years experience in counterparty credit or market risk management.
• Knowledge of ISDA/CSA, MRA, GMRA documentation and regulatory guidance.
• Strong analytical, problem-solving, and decision-making skills.
• Experience with Python or R for data analysis.
• Ability to manage projects independently and collaborate effectively.
• Excellent communication skills suited for a fast-paced environment.

What We Offer:

• An inclusive, collaborative environment that values curiosity, ownership, and celebrates success.
• Opportunities for professional growth and development.
• Internal training programs.
• Hybrid work environment.
• Competitive compensation including salary, bonuses, pension, profit sharing, benefits, and more.

Location: Toronto, Ontario, Canada

Scotiabank is committed to diversity and inclusion. If you require accommodations during the recruitment process, please inform our Recruitment team. Candidates must apply online. We appreciate all applications; only shortlisted candidates will be contacted.