Senior Manager, Market Risk Measurement

Scotiabank; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking financial institution as a Senior Manager in Market Risk Measurement, where you'll lead initiatives in counterparty credit risk analytics. This role offers the chance to work with a diverse team of experts while developing and automating control processes to enhance data accuracy. You will be instrumental in creating analytics dashboards and collaborating across departments to drive insights that impact the bank's non-retail business lines. With a strong focus on professional growth and an inclusive culture, this position is perfect for those eager to make a significant impact in the financial sector.

Benefits

Competitive rewards package

Performance bonus

Company matching on pension

Paid vacation

Medical benefits from day one

Vision and dental benefits

Personal and sick days

Internal training opportunities

Qualifications

• Advanced degree in quantitative fields like Mathematics or Financial Engineering.
• Proficient in SQL and Python for data analysis and modeling.

Responsibilities

• Support CCR capital process and develop control processes for data accuracy.
• Collaborate with teams to provide analytics and reporting for capital values.

Skills

Quantitative Analysis

Statistical Modeling

Python Programming

SQL

Presentation Skills

Attention to Detail

Problem Solving

Education

Master's Degree in Mathematics

Ph.D. in Financial Engineering

Tools

Power BI

Unix Bash Scripting

Job description

Title: Senior Manager, Market Risk Measurement

Requisition ID: 223450

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

As part of Global Risk Management, the Market Risk Measurement team delivers reporting, analytics, and insights to the Bank’s non-retail business lines. The Counterparty Credit Risk (CCR) Capital analytics team specializes in regulatory capital for Counterparty Credit Default risk and Credit Value Adjustment. The incumbent will work on development, maintain the Bank’s CCR capital system, and be responsible for the report and corresponding analysis. We are looking for people and talent that will help us drive large-scale initiatives forward and work alongside our diverse team of quants, data scientists, and developers and collaborate with our many stakeholders across Scotiabank.

Is this role right for you? In this role, you will:

• Support director in development of overall work plan for CCR (OTC and SFT) and CVA capital process including monitoring/escalating/addressing any issues impacting the CCR/CVA capital value.
• Provide guidance and supervise staff to deliver work assignments.
• Collaborate with front-office, technology, and all users to support investigations.
• Develop and automate control processes to identify data challenges affecting accuracy of CCR/CVA capital; collaborate with data governance teams to drive CCR data issues resolution.
• Develop and implement analytics dashboard through the Power BI framework for CCR/CVA capital reporting and drilldown investigation tools for the capital values.
• Assist business line in any ad-hoc/one-off capital analysis and in understanding CCR/CVA capital calculation.
• Perform detailed quantitative and technical review capital process with minor guidance, including responsibility for designing the end-to-end capital process, researching appropriate statistical/mathematical technical tests, undertaking research and development of new techniques, and coding/programming to analyze various aspects of model performance.
• Comply with internal policies, procedures, and regulatory requirements where applicable.
• Provide active and direct support to resolve outstanding audit and regulatory issues and to respond to ad hoc senior management and regulatory requests.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Advanced degree in Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master or above, Ph.D. Preferred); Industry certification or credentials will be an asset (e.g. CFA, FRM).
• Knowledge of derivative pricing model theory, counterparty credit risk modeling, market data, etc. Experience in modeling including the valuation and capital models, or counterparty credit risk modeling.
• Familiarity with various trading products including IR, FX, Equity, Commodity, SFT, etc.
• Excellent written and presentation skills to provide advice and explanation to various users.
• Sound understanding of various modeling techniques and comfortable conducting various tests.
• Proficient computing skills in SQL, Python, Unix bash scripting.
• Knowledge of databases and BI tools (especially MS Power BI) is an asset.
• Ability to manage efficiently multiple priorities; attention to detail and ability to work independently or in teams; consensus-building ability.

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!
• 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.