Job Description

Requisition ID: 216633

  Salary Range: 117,400.00 - 224,700.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

Purpose

Counterparty Credit Risk is a team within Global Risk Management that measures and monitors counterparty risk from Scotiabank GBM's trading activities with clients. 

The US Counterparty Credit Risk – Hedge Funds role is focused on managing the counterparty credit risk exposures tied to the US as well as reviewing and making credit decisions on hedge fund counterparties. This is a second-line risk role that provides credit insight as well as review and challenge for trades and client relationships proposed by the business.

The Senior Manager, US Counterparty Credit – Hedge Funds reports to the Head of US Counterparty Credit and supports the US Counterparty Credit Risk Team and initiatives.

What You'll Do 

• Counterparty Credit Risk Oversight – Oversee counterparty credit risk exposures for US activity. Help ensure adherence with Bank’s risk appetite and the business' mandate. Review risk limit reports and engage in discussions with the global team and trading management as appropriate.
• Technology – Participate in enhancement / upgrade of production and risk systems as needed.
• Partnership with Trading – Engage trading groups in a proactive manner to promote open communication between risk and trading.
• New Product & Limit Adjudication – Review new product proposals and make recommendations on limit requests.
• Margin Framework Adjudication – Review margin methodology as well as analyze margin exception requests and advise credit officers when needed.
• Hedge Fund Credit Reviews – Participate in due diligence calls, perform a risk rating and opine on limits for hedge fund counterparties.
• Communication – Communicate regularly with management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with other Bank stakeholders to achieve common objectives.
• Regulatory & Audit – Participate in external and internal audits and resolution of findings. 
  
   

What You’ll Bring 

• Quantitative Undergrad (eg. finance, mathematics, statistics, engineering) plus Masters preferred. Progress towards/completion of CFA/FRM/PRM an asset.
• Good understanding of financial markets, risk analysis and derivatives valuation. Understanding of risk measurement concepts such as Greeks, VaR, PFE and stress testing is required.
• Strong communication skills for calls with clients and internal stakeholders
• Ability to manage projects independently while collaborating with different stakeholders.
• Excellent work ethic and communication skills suited for a fast-paced trade floor environment.
• Exceptional problem-solving skills.
• Experience working with PowerBI is an asset.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

Location(s): United States : New York : New York City

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.

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