Title:  Manager - ALM and Options Strategy

Requisition ID: 261076 

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

The role:

The Balance Sheet Management team within Group Treasury is seeking a highly analytical and technically skilled Manager to support the Bank’s Structural Interest Rate Risk (SIRR) and particularly the management of non-linear program within Group Treasury. This role is ideal for candidates with a strong background in derivatives risk, regulatory requirements (e.g. OSFI, CDIC, FRTB), particularly those with experience managing non-linear exposures and working with complex instruments such as Swaps, Interest Rate Options, Total Return Swaps (TRS).

The successful candidate will contribute to the design and execution of hedging strategies, support daily risk reporting, and collaborate with cross-functional teams to enhance the Bank’s structural risk management framework. 

Is this role right for you? In this role, you will be responsible for:

• Ownership of non-linear hedging programs related to all-bank structural interest rate risk, with a focus on managing non-linear risks such as Gamma and Vega arising from embedded optionality on Banking Book products and complex derivatives.
• Ownership of the monitoring of hedging strategies involving interest rate options, and other structured products and communications about its impact to downstream stakeholders.
• Analyzing the impact of market volatility, convexity, and customer behavior on the bank’s structural risk profile.
• Collaborating with trading desks, risk management, and finance teams to report on program’s margin impact, assess and optimize hedge effectiveness under various market scenarios.
• Drive Hedge design analytics, daily and periodic risk reporting, including second-order risk metrics and scenario analysis for structural interest rate and foreign exchange exposures.
• Contributing to the development and enhancement of risk models and analytics tools used to evaluate complex derivative exposures.
• Driving process automation and documentation to improve operational efficiency and transparency.
• Participate in the annual review of CDIC material leases for Resolution Planning purposes and facilitate updates as required.
• Develop and manage a comprehensive framework in support of team’s management of the Stock-Based Compensation program.
• Participating in ad hoc projects related to advanced risk analytics, model validation, and regulatory reporting. 

Do you have the skills that will enable you to succeed? We’d love to work with you if you have:

• Deep understanding of derivatives pricing and risk sensitivities, including first- and second-order Greeks.
• Hands-on experience with complex derivatives, such as Total Return Swaps, interest rate options, and structured products.
• Strong grasp of market volatility dynamics, convexity risk, and their implications for hedging strategies.
• Strong understanding of Bank Regulatory requirements, including but not limited to IRRBB, FRTB, CDIC Resolution.
• Master’s degree in finance, Financial Engineering, Applied Mathematics, Computer Science, or a related quantitative discipline.
• Progress toward or completion of CFA, FRM, or other related designation is preferred but not mandatory.
• 3+ years of experience in a bank, hedge fund, or capital markets environment, ideally in Finance, Treasury, Derivatives Trading, Structuring, or Market Risk.
• Proficiency in Python, SQL, React or any UI programming language, and experience with risk analytics platforms (e.g., Bloomberg or in-house systems).
• Excellent communication skills, with the ability to explain complex risk concepts to both technical and non-technical stakeholders.
• A self-starter mindset with strong organizational skills and the ability to manage multiple priorities under tight deadlines.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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. 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.