Senior Manager, Liquidity Risk

Scotiabank•Toronto, ON

2d•Onsite

About The Position

The Global Treasury Market and Liquidity Risk Management Group plays a key role in formulating the Bank’s risk appetite and governance framework and provides independent oversight of the Bank's liquidity and structural balance sheet risks. Scotiabank’s approach to risk management is a globally recognized competitive advantage that balances sound judgement, effective tools, collaboration and oversight. Our greatest strength is the expertise and commitment of our people, and we are committed to attracting, developing and rewarding a diverse group of high-performing employees. The Senior Manager Global Liquidity Risk Management plays a pivotal role in the Bank’s Liquidity Risk Oversight function. The incumbent is expected to provide forward-looking insights that contribute to the successful execution of the Liquidity Risk Management Mandate. Success in this role is determined by a combination of accountabilities and demonstration of core values – Ownership, Curiosity, Drive, Courage and Team-First.

Requirements

University degree in Finance or related discipline with a post-graduate degree (e.g., Master of Finance, MBA, etc.) is required
5+ years of experience in Capital Markets/Treasury/Risk Management functions is required
Strong knowledge of a broad range of capital markets (e.g., Structured finance: securities financing transactions (SFTs), conduits, securitized transactions, etc.) and deposit (e.g., corporate, retail, etc.) products is required
Demonstrated analytical and problem-solving skills
Strong verbal and written communication skills
Relationship building and collaboration

Nice To Haves

CFA/FRM designation preferred
Understanding of bank Treasury functions and funding programs is an advantage
Liquidity Risk management experience is beneficial
Knowledge of Basel III and related regulatory frameworks is beneficial
Familiarity with liquidity stress testing methodologies and processes is beneficial

Responsibilities

Review and analysis of liquidity risk data and metrics to provide value-adding and forward-looking insights into the Bank’s liquidity risk profile in support of the Enterprise Liquidity Risk Management Mandate.
Collaborate with Group Treasury and business lines (i.e., Global Banking and Markets, Canadian Banking, International Banking, Wealth Management) to proactively identify vulnerabilities and seek opportunities for optimization of the balance sheet and funding programs.
Partner with Group Treasury, Capital Markets and Retail business lines to provide effective challenge and review of Internal Liquidity Stress Testing models, methodologies and assumptions.
Actively seek opportunities to enhance the liquidity risk management framework, including risk assessment, metric development, procedures and methodology.
Drive the implementation of best practices and analytical techniques for evaluating and quantifying the liquidity risk impact of the Bank’s products and strategies.
Provide subject matter expertise on liquidity risk management and related regulations, including providing input for liquidity risk related policies and guidelines for the Bank's international branches and subsidiaries.
Play a leading role in the application of technology to enhance liquidity risk analysis, monitoring and reporting.
Communicates and incorporates the relevant risk appetite statement and risk appetite measures, in alignment with the Bank’s risk culture, into activities so as to: embed prudent risk taking into day-to-day management, planning and decision-making; implement controls and processes to effectively identify, report and monitor risk; and, ensure timely action is taken to effectively manage and mitigate risks, including prompt escalation of breaches of management limits or risk appetite measures as per established processes.
Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.