Title:  Senior Manager, CCR Capital Analytics

Requisition ID: 246476

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

The CCR Capital Analytics team specializes in Counterparty Credit Default Risk and Credit Value Adjustment (CVA) capital, encompassing methodology, implementation, reporting, analytics and governance.

The Senior Manager will support the development and ongoing maintenance of the Bank’s CCR capital system and will be responsible for producing key reports and conducting related analysis. We are seeking individuals who can help advance large-scale initiatives by working collaboratively with a diverse team of quants, data scientists, and developers, while engaging and collaborating effectively with key stakeholders across Scotiabank

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

• Lead the CCR (OTC/SFT) and CVA capital initiatives, including proactive monitoring, escalating, and resolving issues impacting capital values, while partnering effectively with key stakeholders across organizations.
• Interpret and implement regulatory requirements across capital processes, reporting, controls, and stakeholder communication.
• Maintain up-to-date knowledge of regulatory guidance on CCR and CVA capital, actively participate in the CBA meetings, and ensure alignment and full compliance across all related activities.
• Conduct quantitative and technical reviews of the capital processes, including implementation and enhancement of end-to-end workflows, applying statistical/mathematical tests, developing new techniques, and coding to assess model performance- while ensuring compliance with internal policies and regulatory requirements
• Report CCR and CVA capital timely with quality, ensuring completeness, accuracy, and consistency
• Deliver ad-hoc capital analysis and collaborate with business lines and financial key stakeholders to support understanding of CCR/CVA) capital calculations
• Develop and implement Power BI analytics dashboards for CCR/CVA capital reporting, enabling drill-down analysis and key driver identifications to support capital efficiency management
• Collaborate with front office, technology, and users to support investigations and resolutions  
• Develop and automate control processes to proactively identify data challenges affecting accuracy of CCR/CVA capital;
• Collaborate with data governance to drive resolution.
• Provide direct support to resolve audit and regulatory issues, and actively respond to ad hoc requests from senior management and regulators

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

• Graduate degree (MS, or Ph.D. preferred) in a quantitative discipline (e.g. Finance, Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering).
• Industry certification (e.g. CFA, FRM) are an asset
• Working knowledge of derivative pricing models, CCR default capital (IMM & SA-CCR), CVA modeling, CVA capital (SA-CVA, BA-CVA), and market data, with a minimum of 3 years of relevant experience.
• Familiar with various trading products, including interest rate, foreign exchange, credit derivatives, equities, commodities, and securities financing transactions
• Excellent written, verbal and presentation skills to effectively advise and communicate with diverse stakeholders
• Sound understanding of modeling techniques and ability to conduct various statistical and technical tests.
• Proficient in SQL, Python, Unix bash scripting; familiar with Git and Docker/Bitbucket.
• Knowledge of databases and BI tools (especially MS Power BI) is an asset.
• Strong ability to manage multiple priorities efficiently, with attention to detail and the ability to work independently or collaboratively.
• Skilled in building consensus across teams.

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• 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.