Job Description

Requisition ID: 176090

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
This role is primarily focused on overseeing the liquidity and interest rate risk in the Banking book across South America, Central America and The Caribbean, ensuring risks are understood, controlled, and reported in accordance with the Bank\xe2\x80\x99s policies and risk appetite framework. This role is the main point of contact for key cross-functional initiatives, such as the regional implementation and ongoing support for Structural Interest Rate Risk (SIRR) models, the Interest Rate Risk in the Banking Book (IRRBB) regulatory initiative, and TFRM\xe2\x80\x99s department-wide risk data standardization initiative. The Senior Manager manages a team and has regular exposure to Senior Management across different areas and jurisdictions to discuss and provide recommendations on all initiatives.
General Accountabilities

• 
  Business relationship: Develop effective relationships with business lines that foster awareness of the Bank\xe2\x80\x99s risk framework and sharing of information.
• 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.
• SIRR Models / Risk Data Infrastructure: Oversee the implementation and ongoing support of SIRR models and risk data process and reporting infrastructure by liaising with multiple stakeholders at the Parent Bank and across the region. Lead working groups by providing recommendations and course of action.
• Communication: Distilling daily risk/market information into highlights, ensuring material issues are communicated to stakeholders.

Specific/Key Accountabilities

• 
  Identify and assess market risks in the covered businesses and ensure consistency with the Bank\xe2\x80\x99s risk appetite and approved business mandate.
• Support International Subsidiaries in the development of their risk management framework in line with the Bank\xe2\x80\x99s 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.).
• Liaise with Group Treasury, IB Treasury, Global Risk Technology, and local Treasury, Technology, and Risk teams to source, test and put in production data requirements for the IRRBB regulatory initiative. Support Head Office\xe2\x80\x99s monthly IRRBB reconciliation process by providing recommendations and facilitating communications between all key stakeholders.
• Lead the implementation of SIRR models across the region in partnership with MRM - ALM Risk Modeling, IB Treasury, and local Market Risk teams.. The focus is primarily on models for mortgage prepayment and non-maturity deposits, ensuring historical data is sourced, tested, and readily available for production and monthly back testing. Coordinate discussions with local Treasury Teams about back testing results, their accuracy, and implementation in production.
• Lead the enhancement of TFRM\xe2\x80\x99s risk data infrastructure in collaboration with TFRM product owners by business line and GBM\xe2\x80\x99s Global Risk Technology Team. Ensure processes and reporting infrastructure is properly documented (i.e., data lineage, data dictionary) and allows for multiple risk views (e.g., TOH, business line, asset class, etc.).
• Collaborate with other groups across the Bank to deliver consistent application of the Bank\xe2\x80\x99s 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, track and summarize new regulatory initiatives and changes, etc.
• 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.

Education / Experience / Other Information

• Quantitative Undergraduate (e.g., Finance, Mathematics, Statistics, Engineering, etc.) with a Master\xe2\x80\x99s Degree (e.g., MBA, MF, etc.)
• CFA and/or FRM certifications are an asset
• Knowledge of Spanish is a strong asset (not mandatory)
• Knowledge of market risk management processes and metrics.
• 2-4 years\xe2\x80\x99 experience in Treasury/ALM risk roles with emphasis in data-related regulatory initiatives involving multiple jurisdictions and functional teams across an organization; 2-4 year team management experience is required.
• Understanding of Financial Markets, risk analysis and valuation of complex derivatives products (e.g., nonlinear risk), with particular 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 multiple stakeholders as part of various cross-functional initiatives.
• Given the high volume of activity, the Senior Manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives.

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. 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.