Senior Manager Trading Risk

Scotiabank; Toronto; On-site; CAD 150,000 - 190,000; Full time

Benefits offered by this job

Performance bonus

Employee stock ownership program

Pension plan matching

Health benefits from day one

Job summary

Scotiabank is seeking a Senior Manager to lead market risk oversight for Latin America and emerging markets from Canada, ensuring risk identification and reporting across desks.

You will collaborate with Trading, Risk Management, and Technology teams in Canada and LATAM, design periodic reports, and drive improvements to risk frameworks while mentoring a team of risk professionals.

Qualifications

• Master’s degree in Finance or Financial Risk Management or equivalent.
• 2+ years’ experience in market risk and team management.
• Strong knowledge of fixed income, derivatives, and risk metrics.
• Spanish knowledge is an asset.

Responsibilities

• Lead market risk oversight for Latin America and Emerging Markets desk.
• Develop and present risk reports to senior management.
• Collaborate with Trading, Risk Management, and Technology teams in Canada and LATAM.
• Design risk frameworks, assess data quality, and implement technology projects.
• Mentor and supervise direct reports.

Skills

Market risk management

Team leadership

Stakeholder management

Financial instruments knowledge

Data visualization (Tableau, PowerBI)

Education

Master's degree in Finance or Financial Risk Management or related field

Tools

Tableau

PowerBI

Job description

Requisition ID: 269198

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

The senior manager in TFRM Latin America is primary focused on providing market risk oversight for Scotiabank's capital market operations in Latin America and the Emerging Markets desk, ensuring all positions and their inherent key risks are properly identified, quantified, monitored, and reported.

We are looking for a candidate that thrives in a collaborative team environment, building and enhancing relationships with partners in Trading, Risk Management, and Technology in Canada and across Latin America.

Other activities include, designing periodic reports, developing tools to improve the team's risk oversight, reviewing the risk framework of the different jurisdictions, assessing data quality, ensuring information integrity, and implementing technology related projects.

The Senior Manager manages a team and has regular exposure to senior management across different areas and jurisdictions to discuss and provide recommendations on market risk related initiatives in the region; written and oral presentations are done on a regular basis to senior executives.

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

• Relationship Management: Develop effective relationships with multiple stakeholders to drive agile implementation of value-added initiatives.


• Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to financial market developments and risk matters, including changes in risk profile and P&L drivers.


• Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an informed and independent opinion on new business initiatives including calibrating risk limits in alignment with the Bank’s risk appetite framework.


• Communication: Distilling daily risk/market information into highlights, ensuring material issues are timely communicated to stakeholders and senior management.


• Identify and assess the market risks taken by the units we cover and ensure their consistency with the Bank’s risk appetite and approved business mandate.


• Advise and support International Subsidiaries in the development of their risk management framework in line with the Bank’s standards for market risk management (e.g., Valuation Reserves, IPV, Interest Rate Sensitivity, Stress Testing, etc.)


• Collaborate with other groups across the Bank to deliver consistent application of the Bank’s standards or best industry practices across International markets. Be a team player who is willing to take on more responsibilities as part of his growth in the role and/or team.


• Monitor events in international financial markets/industry, assist in identifying new and emerging trends, track and summarize new regulatory initiatives and changes.


• Effective supervision and review of direct report(s) to support achievement of business objectives.


• Foster an inclusive work environment and build a high-performance environment that promotes the development and motivation of their team.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have:

• Master’s degree (e.g., Master of Finance, Master of Financial Risk Management, etc.).


• CFA and/or FRM certifications are an asset.


• 2+ years’ experience in market risk and team management is required.


• Strong Knowledge of market risk management processes and metrics is required.


• Knowledge of capital markets in Latin America is desirable. Knowledge of Spanish is an asset.


• Strong business acumen and excellent knowledge of fixed income and derivative products (e.g., interest rate, foreign exchange, CDSs, FX/IR Options etc.) as well as good quantitative/modelling skills to analyze associated risks.


• Strong communication skills are critical as there is close interaction with Traders and Local Risk Management teams. The senior manager must deal knowledgeably with local management from diverse professional and cultural backgrounds.


• Strong writing skills are critical as one of the end products is normally a written communication presenting key issues and recommendations to different risk committees.


• Given the high volume of activity, the senior manager must be able to prioritize ongoing team’s initiatives and efficiently multi-task to meet objectives.


• Strong programming skills and knowledge and work experience in data visualization tools (i.e., Tableau, PowerBI) are an asset.


• Strong and creative problem-solving skills. The senior manager should be able to identify areas and processes for improvements and develop solutions to address them.

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(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.

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