Senior Manager, Counterparty Market Risk

Scotiabank; Toronto; Hybrid; CAD 120,000 - 160,000; Full time

Job summary

A leading financial institution is seeking a Senior Manager for Counterparty Market Risk in Toronto. The role involves managing risk analysis for trading counterparties, enhancing credit risk analytics, and collaborating across teams to improve risk measurement. Candidates should possess a quantitative degree and significant experience in market risk management, with strong analytical and communication skills.

Benefits

Inclusive, collaborative environment

Professional development opportunities

Hybrid work environment

Competitive compensation including bonuses and benefits

Qualifications

• 5+ years in counterparty or market risk management.
• Deep understanding of financial markets and derivatives valuation.
• Experience with OTC businesses and SFTs.

Responsibilities

• Manage margin sufficiency analysis for trading counterparties.
• Oversee portfolios from a margin sufficiency perspective.
• Collaborate with Credit Officers and develop risk libraries.

Skills

Analytical skills

Problem-solving

Communication

Project management

Data analysis (Python or R)

Education

Quantitative undergraduate degree

Master's degree (preferred)

CFA/FRM/PRM (plus)

Job description

Senior Manager, Counterparty Market Risk

Join to apply for the Senior Manager, Counterparty Market Risk role at Scotiabank.

This role involves managing margin sufficiency analysis for trading counterparties, market risk for financing, and enhancing counterparty credit risk analytics. The team identifies and assesses key market risks impacting counterparty exposures, providing risk management overlays and integrating inputs from credit and market risk teams.

Key Responsibilities:

• Foster a customer-focused culture to enhance client relationships.
• Understand, control, and report counterparty market risks in line with policies.
• Oversee portfolios from a margin sufficiency perspective and provide independent analysis.
• Collaborate with Credit Officers and develop risk libraries and frameworks.
• Support development of analytics, models, and tools for CCR management.
• Participate in risk adjudication, stress testing, and regulatory projects.
• Advise on valuation adjustments and ensure independent price verification.
• Partner with the business and collaborate across teams to enhance risk measurement.
• Engage with global teams and participate in system enhancements.
• Understand and incorporate the bank’s risk appetite and culture in activities.

Required Skills and Qualifications:

• Quantitative undergraduate degree, with a master's preferred; CFA/FRM/PRM is a plus.
• Deep understanding of financial markets, derivatives valuation, and risk analysis.
• Experience with OTC businesses and SFTs.
• 5+ years in counterparty or market risk management.
• Knowledge of ISDA/CSA, MRA, GMRA documentation and regulatory guidance.
• Strong analytical, problem-solving, and communication skills.
• Experience with Python or R for data analysis.
• Ability to manage projects independently and collaborate effectively.

Benefits:

• Inclusive, collaborative environment fostering curiosity and ownership.
• Professional development opportunities and internal training.
• Hybrid work environment.
• Competitive compensation including salary, bonuses, pension, and benefits.

Location:

Toronto, Ontario, Canada.

Scotiabank is committed to diversity and inclusion. Accommodations are available upon request during the recruitment process.