Senior Manager Trading Risk

Scotiabank•Toronto, ON

2d•Onsite

About The Position

The Senior Manager in TFRM Latin America is primarily 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. The role involves designing periodic reports, developing tools to improve risk oversight, reviewing risk frameworks, 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.

Requirements

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 Knowledge of market risk management processes and metrics 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 analyze associated risks.
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.
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.
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.
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.

Nice To Haves

CFA and/or FRM certifications are an asset.
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.

Responsibilities

Develop effective relationships with multiple stakeholders to drive agile implementation of value-added initiatives.
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.
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.
Distilling daily risk/market information into highlights, ensuring material issues are timely communicated to stakeholders and senior management.
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.
Advise and support 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.
Monitor events in international financial markets/industry, assist in identifying new and emerging trends, track and summarize new regulatory initiatives and changes.
Effective supervision and review of direct report(s) to support achievement of business objectives.
Foster an inclusive work environment and build a high-performance environment that promotes the development and motivation of their team.