Manager, Treasury Risk

September 22 2021
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Corporate finance, Treasury, Credit, Risk
Toronto, ON

Requisition ID: 122536

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

Purpose of Job:

The Treasury Risk group provides independent oversight of the Bank’s structural balance sheet risks (Interest Rate Risk, FX, Investment Portfolios) as well as of the trading activity and hedging strategies executed by Group Treasury and other treasury units.

The Manager will focus on identification, measurement, required reporting and oversight of Trading Risk in GT. This includes the Bank’s Investment Portfolios (Liquidity Portfolio, Public & Private Equity Portfolios), non-BSM hedging, Short Term Funding Desks, and execution of B/S hedging strategies.

Job Responsibilities:

  • Production of timely and accurate reports highlighting key risk metrics and measurements for stakeholders including: The Board (quarterly); ALCO and MRMPC (monthly); external - OSFI; Senior Management TFRM and GT (monthly consolidated reporting, weekly/daily position updates and activity).
  • Oversee the continuous development, enhancement and review of trading related metrics, models, Independent Price Verification, and governance for GT trading operations.
  • Adjudicate and monitor risk limits for GT to ensure that the trading activity is fully accounted within the limit structure and stated strategies.
  • Build and maintain collaborative relationships with our key business partners in order to facilitate business growth and efficiency.
  • Provide detailed Risk Return analysis for various GT portfolios, helping to guide the risk appetite discussion.
  • Ad hoc analysis and special projects as requested by Senior Managers in the team.

Job Requirements:

  • Must have up to knowledge with respect to Regulatory guidance (RDARR, IRRBB, FRTB, Dodd Frank Act / Volcker Rules, OSFI B-12 & E-18).
  • Must have 2 to 4 years’ experience in Treasury, Trading Risk, ALM and/or Structural FX risk..
  • Good knowledge of financial/capital markets and products and understanding of treasury products, investments, and hedging strategies.
  • Strong problem-solving skills.
  • Excellent verbal and written communication skills.
  • Strong ability to devise and implement operational frameworks, processes, controls and documentation approaches for a team comprising of highly specialized technical skills.
  • Must have an understanding of statistical / mathematical modelling and application in trading.
  • Undergraduate degree in business/finance preferred.
  • CFA and/or FRM preferred.

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.

Apply now! network