Title:  Senior Manager, Market Risk

Requisition ID: 254801 

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

As part of Scotiabank Global Risk Management (GRM), the Market Risk group leads the Bank’s market risk capital and stress testing programs amid evolving regulatory and market conditions. The team analyzes and reports enterprise market risk exposures - including VaR, stress testing, and regulatory capital - across the full suite of capital markets products.

The role ensures enterprise market risk exposures are accurately measured and clearly explained in the context of market movements and trading strategies. It is well suited for an experienced people leader with strong capital markets expertise, a quantitative background, and the ability to manage competing priorities while maintaining high standards of accuracy and control, within a collaborative and supportive risk management environment.

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

• Support the Director in overseeing enterprise‑level market risk monitoring (VaR, stress testing, and capital), ensuring outputs are robust, timely, and clearly articulated.
• Set and manage priorities across BAU deliverables, regulatory commitments, and strategic initiatives in a fast‑paced environment.
• Review and challenge analytical outputs and reports to ensure accuracy, consistency, and strong governance standards.
• Partner with senior stakeholders across Risk, Capital Management, Finance, Front Office, and Technology, etc. to communicate key risk drivers, trends, and emerging issues.
• Manage cross-functional projects related to enhancements and new initiatives, coordinating across teams to ensure timely and effective delivery.
• Collaborate with modelling, technology, and business partners to enhance market risk processes, reporting quality, and capital efficiency.
• Lead a team with 1–2 direct reports and oversee the production of market risk reports with high-quality analysis and business insights.

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

• Master’s degree in quantitative discipline (e.g., Mathematics, Finance, Economics) preferred; professional designation (CFA, FRM, PRM) strongly preferred; PhD an asset.
• 3-5 years of experience in financial services, with strong exposure to capital markets, market risk management, and related regulatory requirements.
• Proven people management experience, with the ability to lead, develop, and motivate teams in a complex, deadline-driven environment.
• Deep understanding of market risk methodologies, including VaR, stress testing, market risk capital, and financial derivatives.
• Demonstrated expertise in developing analytics and dashboards using Power BI or Tableau, with strong programming capabilities (e.g., Python, SQL, VBA, Unix/Bash).
• Strong project, organizational, and execution skills, with demonstrated experience managing cross‑functional initiatives, timelines, and competing priorities while maintaining accuracy and control.
• Excellent analytical, problem‑solving, and communication skills, with the ability to translate complex analysis into clear, senior‑level insights and exercise sound judgment.

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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.