Senior Manager - Trade Floor Risk Management

Scotiabank Global Site; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Market Risk Analyst to oversee risk exposures in the Energy trading business. Candidates should have a strong quantitative background and experience with financial markets, as well as proficiency in relevant analytical tools such as SQL and Tableau. The role offers a collaborative work environment and a competitive rewards package including performance bonuses and benefits.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Deep understanding of financial markets and derivatives valuation.
• Experience with energy markets and VaR is an asset.
• Ability to work in a fast-paced environment.

Responsibilities

• Oversee market risk exposures for Energy business line.
• Prepare and review daily risk and limit reports.
• Engage trading groups proactively as an advisor.
• Communicate trading activities and risk profiles.

Skills

Quantitative analysis

Financial markets understanding

Risk analysis

Python programming

SQL

Tableau/PowerBI

Excellent communication

Education

Quantitative Undergrad

Masters preferred

Job description

Overview

Requisition ID : 232273

Join a purpose driven winning team committed to results in an inclusive and high-performing culture. Ensure that market risks in the Banks Energy trading business is understood controlled and reported in accordance with Bank policies and risk appetite. Work in close collaboration with the business line as a valued partner by identifying key risks and assessing market conditions. Review business line proposals for new products and limit changes and make recommendations to senior management.

Responsibilities

• Market Risk: Oversee market risk exposures for Energy business line as well as the FICC Tactical Trading portfolio. Communicate to Market Risk management on trading risks, trader sentiment and market conditions. Ensure adherence with Banks risk appetite and the business mandate.
• Prepare and review daily risk and limit reports and engage in discussions with the business as appropriate.
• Partnership with Trading: Engage trading groups in a proactive manner to act as an advisor and add value.
• New Product & Limit Adjudication: Review new product proposals and make recommendations to TFRM management on limit requests.
• Communication: Communicate regularly with Market Risk management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with other Bank stakeholders to achieve common goals.
• Regulatory & Audit: Participate in external and internal audits and key regulatory initiatives.
• Valuation: Recommend changes in valuation methodology as needed. Maintain valuation governance documents (Official Rate Source Document, Master Configuration and Valuation Reserve Summary) for covered products. Identify risk taking activities and valuation issues through oversight of daily P&L attribution and Independent Price Verification (IPV).
• Technology: Participate in enhancement / upgrade of production and risk systems as needed.

Qualifications

Do you have the skills that will enable you to succeed in this role - we’d love to work with you if you have:

• Quantitative Undergrad (e.g. finance, mathematics, statistics, economics, engineering) plus Masters preferred. Progress towards / completion of CFA / FRM / PRM an asset.
• Deep understanding of financial markets, risk analysis and derivatives valuation. Understanding of energy markets and VaR is an asset.
• Working experience with Tableau / PowerBI, SQL and programming using Python / VBA.
• Excellent written and verbal communication.
• Ability to work in a fast-paced environment.
• Exceptional problem-solving skills.

What’s in it for you

• An inclusive & collaborative working environment that encourages creativity, curiosity and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one.
• Your career matters! You will have access to career development and progression opportunities.

Location

Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers, their families and their communities achieve success through a broad range of advice, products and services including personal and commercial banking, wealth management and private banking, corporate and investment banking and capital markets.

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. If you require technical assistance please click here. 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.