Senior Manager Trading Risk [Scotiabank]

Requisition ID: 180859

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

Purpose Of Job

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 the Pacific Alliance (Chile, Colombia, Mexico, Peru) and Brazil.

Other activities include, creating 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.

Job Responsibilities

• Relationship Management: Develop effective relationships with multiple stakeholders to drive agile implementation of value-added initiatives.
• 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.
• Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an informed and free opinion on new business initiatives including calibrating risk limits in alignment with the Bank's risk appetite framework.
• 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.
• Communication: Distilling daily risk/market information into highlights, ensuring material issues are timely informed to stakeholders and senior management.?
• Effective supervision and review of direct report(s) to assist achievement of business objectives.
• Advise and assist 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.
• Foster an inclusive work environment and build a high-performance environment that promotes the development and motivation of their team.
• Monitor events in international financial markets/industry, assist in identifying new and emerging trends, track and summarize new regulatory initiatives and changes.

Job Requirements

• CFA and/or FRM certifications are an asset.
• Strong Knowledge of market risk management processes and metrics is required.
• 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.
• 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.
• 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.
• Master's degree (e.g., Master of Finance, Master of Financial Risk Management, etc.).
• 2+ years' experience in market risk and team management is required.
• 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 assess associated risks.
• 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.
• Knowledge of capital markets in Latin America is desirable. Knowledge of Spanish is an asset.
• Strong programming skills and knowledge and work experience in data visualization tools (i.e., Tableau, PowerBI) are an asset.

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.