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Manager, Structural Interest Risk Rate

Scotiabank

This is a Contract position in Toronto, ON posted January 4, 2021.

 

 

 

Requisition ID: 93748

Join the Global Community of Scotiabankers to help customers become better off.

 

Job Purpose:

 

The Manager will assist the Senior Manager – Structural Interest Rate Risk to lead a team of experienced risk professionals in the execution and improvement of the functions of the team.

The Manager will be expected maintain and improve on various reports provided Senior Management and the business lines with an overview of various risk metrics. The Manager will also be instrumental in developing and executing the group’s risk oversight and governance function. Finally, the Manager will be expected to take a leading role in the continued development of the Bank’s stress testing framework. This will involve the implementation/maintaining of new systems as well as the developing or redesigning of new and existing reports. The analysis based on these reports will be used for reporting to the Bank’s Senior Management.

 

Job Responsibilities:

 

Risk Reporting:

 

• Stress Testing: Identify specific market scenarios or trends specific to the Bank; and develop the infrastructure to analyze the impacts on a dynamic balance sheet

• Assist in the production of a monthly risk report that highlights underlying trends and risks in the Bank’s balance sheet.

• Oversee the monitoring and evaluation of existing risk limits that provide control over the Bank’s Treasury functions.

 

Risk Oversight/Governance:

 

• Assist in the execution of the group’s oversight function over structural interest rate risk management

• Leverage and enhance the existing data platform to gain further insights into the Bank’s balance sheet.  

• Establish connections with various business lines to gain further insights into the Bank’s balance sheet.

• Maintain and update documentation of existing processes and enhancements.

 

Enhancement of models and metrics

 

• Assist in the identification and development of metrics to capture risk factors

• Assist in the identification of new or alternative data sources to improve the robustness and completeness of risk capture and analysis.

• Assist in the enhancement of existing models to improve the accuracy of reported metrics

 

Ad Hoc Projects

 

• Assist in the monitoring of OSFI B-12 standards for the Bank

• Accept additional responsibilities as required for group led projects and initiatives

• Participate in various working groups across business lines to address the improvement of the Bank’s ALM Framework, as well as various regulatory initiatives.

• Assist with any ad hoc management reports as needed.

 

Job Requirements:

 

• Experience in asset and liability management is an advantage but not required.

• Strong database and spreadsheet skills.

• Strong communication and writing skills.

• Familiarity with programing software like Python or Matlab; and visualization software like Tableau or Power BI.

• Familiarity with accounting principles and traded financial products is an advantage but not required.

• Familiarity with RiskWatch, Bancware, or QRM is an advantage but not required.

• A university degree in Finance, Economics, or quantitative field (finance, science, math, engineering).

• Master Degree/FRM/CFA or working towards those certifications is an asset

 

Location(s):  Canada : Ontario : Toronto 

As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.