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.

As part of Global Risk Management, the Counterparty Credit Risk Measurement (CCRM) team delivers reporting, analytics, and insights to the Bank’s non-retail business lines. The CCR Capital Analytics team specializes in regulatory capital for Counterparty Credit Default Risk and Credit Value Adjustment (CVA).

The Senior Manager will contribute to the development and maintenance of the Bank’s CCR capital system and be responsible for producing various reports and conducting related analysis. We are seeking individuals who can help drive large-scale initiatives forward, working alongside a diverse team of quants, data scientists, and developers, while collaborating with key stakeholder across Scotiabank.

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

• Assist the Director in developing the CCR (OTC/SFT) and CVA capital work plan, and monitor, escalate, and resolve issues impacting capital values
• Maintain up-to-date knowledge of regulatory guidance on CCR and CVA capital, ensuring effective interpretation and implementation across capital processes, reporting, controls, and stakeholder communication
• 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 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.