Assistant Manager - Dundas, On

Requisition ID: 181093

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

About The Role

As the Assistant Manager, you will lead and oversee the overall success of the Retail Sales and Customer Service teams in a Canadian Bank branch. You will work to

Tue, 11 07 2023 00:00:00 GMT Director, Counterparty Credit Risk Measurement - Market Risk Measurement https://jobs.scotiabank.com/job/Toronto-Director%2C-Counterparty-Credit-Risk-Measurement-Market-Risk-Measurement-ON-M5H1H1/572074717/?feedId=214117&utm_source=LinkedInJobPostings&utm_campaign=ScotiaBank_Linkedin Scotiabank Toronto ON M5H1H1 CA Toronto, ON, CA, M5H1H1 Business and Financial Operations PERMANENT 0 181087-en_US

Requisition ID: 181087

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

Excited about creating a safer financial world by using your leadership, data, and methodology skills? – Join us!

As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards and several firsts in the Canadian banking sector: We prepare Scotiabank for the adoption of new regulatory and industry-wide initiatives and played a key role in Scotiabank becoming the first bank in Canada to receive regulatory approval for using Internal Model Methods (IMM) for Counterparty Credit Risk. We lead the Bank’s project to implement the Fundamental Review of the Trading Book (FRTB and have provided major contributions to discussion with regulators on changes that increase the financial stability of banking systems world-wide.

MRM is actively involved in the Bank’s Diversity & Inclusion (D&I) initiatives representing the diverse gender, cultural and ethnic backgrounds of our team. The more diverse we are, the more balanced our approach and models will be! The team is a key contributor to Women-in-Leadership activities – we take part in enterprise-wide D&I discussions, events, and Employee Resource Groups to enhance the representation and recognition of minority groups in the bank.

We are looking for people and talent that will help us drive these 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?

Do you love to apply your leadership, data, analytic, and modelling skills to solve relevant problems? Do you want to be part of the exciting endeavour of building out the next generation CCR risk framework to make a safer financial world? This role is ideal for a person with a several years of experience in quantitative modeling, preferable in counterparty credit risk, market risk, derivatives modelling, and financial engineering. This role is for you if you enjoy highly communicative and collaborative environments and enjoy managing and working together in a medium size team.

As the leading Director, Counterparty Credit Risk Measurement, you will oversee the Bank’s Counterparty Credit Risk model methodology and development for the Bank’s high profile PFE and IMM models. This includes oversight for model development and support for internal CCR measures such as Potential Future Exposure (PFE) used for Credit limit monitoring. The team is at the forefront of new bank-wide initiatives related to CCR system- and model enhancements with exposure to many stakeholders from business and risk functions. As the subject matter expert, you will lead new bank-wide initiatives related to CCR system- and model enhancements, collaborate with stakeholders, engage with regulators and Canadian Bankers Association (CBA) to ensure the model development is aligned with most recent industry developments, regulatory changes, and best-practices.

In This Role, You Will

• We'd Love To Work With You If You Have
• Lead a team of twelve quantitative modelers and take a hands-on role in a number of projects involving PFE, IMM capital and XVA calculations.
• Contribute to a high-performance environment in a highly diverse team, develop and motivate team members by fostering an inclusive work environment and sharing of best practices and knowledge. Become an active member of our D&I initiatives and communities.
• Lead bank wide initiatives related to CCR system upgrades and enhancements as subject matter expert for CCR modelling. Communicate with model users, trading desks, risk teams, and business lines to enhance models and risk management practices.
• Be the primary owner the bank’s Central Counterparty Credit Risk Monitoring System, i.e., design and implement algorithms and approaches for the CCR Monte Carlo engine and support IT in operation of this highly complex system.
• Provide feedback on regulatory initiatives through the Canadian Bankers Association and ISDA working groups.
• Support the banks Internal Model Approach for Counterparty Credit Risk Capital. Provide senior management, stakeholders and OSFI with analysis, opinions and projected impacts for model changes and regulatory proposals.

Do you have the skills that will enable you to succeed in this role.

• Programing skills and experience in Python or other Object-Oriented programing.
• Advanced degree in a mathematics, economics, or scientific discipline (e.g., Mathematics, Finance, Statistics, Physics, Engineering, Biology, Economics, etc.). Master’s degrees or PhDs are a bonus.
• People management experience with experience in coaching, mentoring, and building diverse and inclusive quantitative teams. Ability to develop and maintain relationships with business leaders to support objectives and influence a diverse group of stakeholders.
• 5 to 10 years of experience in quantitative finance roles with deep knowledge of industry wide methods for CCR calculations or experience with CCR management.
• Ability to prioritize and multi-task in a fast-paced environment with daily support and decision-making responsibilities.
• Effective communication and specifically the ability to summarize complex ideas in simple terms; you enjoy working in collaborations. Experience in managing and pushing forward projects.

What’s in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• An organization committed to making a difference in our communities – for you and our customers.
• A rewarding career path with diverse opportunities for professional and executive development.
• A competitive compensation and benefits package.
• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.

This position is located Downtown, Toronto.
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.
09179006
Requisition ID: 181087
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Excited about creating a safer financial world by using your leadership, data, and methodology skills? – Join us!
As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards and several firsts in the Canadian banking sector: We prepare Scotiabank for the adoption of new regulatory and industry-wide initiatives and played a key role in Scotiabank becoming the first bank in Canada to receive regulatory approval for using Internal Model Methods (IMM) for Counterparty Credit Risk. We lead the Bank’s project to implement the Fundamental Review of the Trading Book (FRTB and have provided major contributions to discussion with regulators on changes that increase the financial stability of banking systems world-wide.
MRM is actively involved in the Bank’s Diversity & Inclusion (D&I) initiatives representing the diverse gender, cultural and ethnic backgrounds of our team. The more diverse we are, the more balanced our approach and models will be! The team is a key contributor to Women-in-Leadership activities – we take part in enterprise-wide D&I discussions, events, and Employee Resource Groups to enhance the representation and recognition of minority groups in the bank.
We are looking for people and talent that will help us drive these 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?
Do you love to apply your leadership, data, analytic, and modelling skills to solve relevant problems? Do you want to be part of the exciting endeavour of building out the next generation CCR risk framework to make a safer financial world? This role is ideal for a person with a several years of experience in quantitative modeling, preferable in counterparty credit risk, market risk, derivatives modelling, and financial engineering. This role is for you if you enjoy highly communicative and collaborative environments and enjoy managing and working together in a medium size team.
As the leading Director, Counterparty Credit Risk Measurement, you will oversee the Bank’s Counterparty Credit Risk model methodology and development for the Bank’s high profile PFE and IMM models. This includes oversight for model development and support for internal CCR measures such as Potential Future Exposure (PFE) used for Credit limit monitoring. The team is at the forefront of new bank-wide initiatives related to CCR system- and model enhancements with exposure to many stakeholders from business and risk functions. As the subject matter expert, you will lead new bank-wide initiatives related to CCR system- and model enhancements, collaborate with stakeholders, engage with regulators and Canadian Bankers Association (CBA) to ensure the model development is aligned with most recent industry developments, regulatory changes, and best-practices.

• We'd Love To Work With You If You Have

Do you have the skills that will enable you to succeed in this role.

• Programing skills and experience in Python or other Object-Oriented programing.
• Effective communication and specifically the ability to summarize complex ideas in simple terms; you enjoy working in collaborations. Experience in managing and pushing forward projects.
• Ability to prioritize and multi-task in a fast-paced environment with daily support and decision-making responsibilities.
• People management experience with experience in coaching, mentoring, and building diverse and inclusive quantitative teams. Ability to develop and maintain relationships with business leaders to support objectives and influence a diverse group of stakeholders.
• Advanced degree in a mathematics, economics, or scientific discipline (e.g., Mathematics, Finance, Statistics, Physics, Engineering, Biology, Economics, etc.). Master’s degrees or PhDs are a bonus.
• 5 to 10 years of experience in quantitative finance roles with deep knowledge of industry wide methods for CCR calculations or experience with CCR management.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional and executive development.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities – for you and our customers.
• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

This position is located Downtown, Toronto.
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.