Senior Manager - Trade Floor Risk Management

Scotiabank; 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 market risk exposures related to the Energy business line. The successful candidate will engage regularly with trading groups and evaluate trading risks. A quantitative degree and strong communication skills are essential, with opportunities for performance bonuses and health benefits from day one.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• 3-5 years of experience in market risk, particularly in energy markets.
• Completion of CFA/FRM/PRM is an asset.
• Deep understanding of financial markets and derivatives valuation.

Responsibilities

• Oversee market risk exposures for the Energy business line.
• Review and recommend new product proposals.
• Communicate regularly with Market Risk management.

Skills

Quantitative analysis

Risk analysis

Communication skills

Problem-solving

Fast-paced work ability

Education

Undergraduate degree in finance, mathematics, statistics, economics, or engineering

Master's preferred

Tools

Tableau

PowerBI

SQL

Python

VBA

Job description

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 Bank’s 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

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

• 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 Bank’s 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.

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.

#scotiafinancejobs

Location(s): 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.