Manager Treasury Risk Analytics

Requisition ID: 101324

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

Job Purpose:

Be part of a dynamic and innovative team (Trade Floor Risk Management - TFRM Latin America) where you will be directly involved in developing data infrastructure and risk analytics tools that provide risk insights to traders, market risk teams, and senior management across Latin America.

As a member of the Treasury Risk team, the incumbent will be conceptualizing, developing, and deploying value-added analytical tools and data visualization solutions to support treasury activities around structural interest rate risk and liquidity management.

We are looking for a candidate that thrives in a collaborative team environment, building and enhancing relationships with partners in Treasury, Risk Management, and Technology in Canada and across the Pacific Alliance (Chile, Colombia, Mexico, Peru); efficient coding practices, pragmatic and results-focused analytics with focus on end-user experience are key success factors for this role. The ideal candidate will have prior work experience within the field of quantitative finance.

Job Responsibilities:

• Data Robustness: Provide data analytics, data parsing and mapping and develop automated control around data accuracy.
• Data Analytics: Develop, test and deploy production-ready analytical tools to provide insights into balance sheet structural interest rate risk exposures and scenario analysis on margin, mortgage prepayment, deposit attrition, investments, etc.
• Relationship Management: Develop effective relationships with multiple stakeholders to drive agile implementation of value-added/data driven 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.
• Team player: Work effectively with other team members and/or stakeholders with emphasis on getting things done through proactive participation and collaboration.
• Conceptualize, develop, and deploy value-added analytical tools and data visualization solutions to support treasury activities around structural interest rate risk and liquidity management. Develop and maintain tools and processes to eliminate manual tasks with automation.
• Identify and assess market risks in the covered businesses and ensure 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 balance sheet management (e.g., Static Interest Rate Gaps, Annual Income, Economic Value, Interest Rate Sensitivity (DV01), Stress Testing, etc.) and Liquidity risk management (e.g., Liquidity Cash Gap, Liquidity Buffer, Liquidity Stress Test, etc.).
• Review the modeling of interest rate, FX, and liquidity risks on the balance sheet, including, but not limited to optionality (i.e., mortgages and term deposits), non-maturity products (i.e., assets and liabilities), etc.
• Collaborate with other groups across the Bank to deliver consistent application of the Bank's standards or best industry practices across International Balance Sheets. 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, tack and summarize new regulatory initiatives and changes, etc.

Job Requirements:

• Quantitative Undergraduate (e.g., Finance, Mathematics, Statistics, Engineering, etc.) with a master's degree (e.g., MBA, Master of Finance, Master of Management Analytics, etc.).
• CFA and/or FRM certifications are an asset.
• Strong technical knowledge in programming languages and data management software, including Python, R, SQL and Visual Basic.
• Strong technical knowledge and work experience in data visualization tools (i.e., Tableau, Power BI).
• Knowledge of market risk management processes and metrics
• Understanding of Financial Markets, risk analysis and valuation of complex derivatives products (e.g., non-linear risk), with focus on fixed income and derivatives, such as swaps, cross-currency swaps, forwards, and options.
• Strong communication skills are critical as there is close interaction with local and regional Treasurers, Traders and Local Risk Management teams. The 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 the MRMPC.
• Given the high volume of activity, the manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives.
• Knowledge of Spanish 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.