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Title:  Structural Portfolio Associate, Structural Risk Strategy & Market Execution

 

 

 

Requisition ID: 158852

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

 

Purpose

 

Contributes to the overall success of the Group Treasury Structural Risk Strategy & Market Execution Team in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Structural Risk Strategy & Market Execution, Structural Portfolio is responsible for managing the structural interest rate risk and FX exposure of the Bank.

The candidate will be primarily responsible for supporting the trade execution, and risk management of the structural interest rate risk of the Bank.

 

Accountabilities

 

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Assist in over-the-counter and exchange traded transaction execution, including identifying trade opportunities within regulatory requirements, limit monitoring, settlement under direction of senior Portfolio Managers.
  • Liaise with Term Funding & Capital and syndicate dealers, ensuring accountabilities to time sensitive information and term sheets.
  • Participate in and support negotiation of final pricing terms to optimize economics of GT hedging programs.
  • Ensure that all trades are captured into internal systems.
  • Maintain all external broker dealer counterparty, and internal GBM dealing relationships.
  • Support obtaining market intelligence and dealer flow from broker dealer counterparties and market-makers.
  • Responsible for providing market risk and pricing coverage of term cash, derivative, and counterparty XVA charges on wholesale funding deals and balance sheet SIRR macro hedging.
  • Participate in the strategy, support, and market execution of the following other portfolios: Structural FX, Mortgage Commitments, and Market Portfolio.
  • Review of Hedge Accounting performance, P&L impacts, escalation to management where required
  • Desk Blotter maintenance and review, including Dealer Scorecard and dealing database.
  • Maintain and improve desk operating procedures, manuals and processes including cross-departmental operating procedures.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champions a high performance environment and contributes to an inclusive work environment.

 

Education / Experience / Other Information

 

  • Undergraduate in business, finance or engineering required.
  • MFE, MBA, Master’s Degree and/or CFA, or equivalent highly desired.
  • Individual should have a minimum 2 years’ experience in capital markets or treasury roles. This preferably includes experience related to fixed income markets.
  • Strong analytical and math skills.
  • Strong writing and communication skills.
  • Basic programming knowledge (ability to write/edit VBA macros).
  • High level of attention to detail is required.
  • Adaptable with the ability to manage projects independently, while working in a team environment.
  • Strong financial and computer literacy skills. High competency in Excel, Access and PowerPoint.
  • Ability to communicate effectively to various groups including dealing community, cross-departmental, back-office, mid-office.
  • This role requires successful completion of the National Futures Association’s Swaps Proficiency Requirement (SPR), prior to engaging in in-scope activity.

 

treasuryjobs

 

 

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.


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