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Title:  VELOCITY - Global Risk Management, Market Risk - Summer 2022

 

 

 

Requisition ID: 120021

Join the Global Community of Scotiabankers to help customers become better off.

 

 

VELOCITY – Global Risk Management, Market Risk – Summer 2022

Summer 2022 (May to August)

 

 

Why work for Scotiabank?

Scotiabank is a leading bank in the Americas. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.

Who We Are?

 

Let us be the first to tell you, this is not your average internship or co-op! This is a customized experience that focuses on providing you with the development and tools you need to grow your career. In Velocity Strategic Functions, you will gain exposure to multiple business lines across the Strategic Functions of the bank by having a customized plan for your internship. Yes, you read that correctly, a customized plan for YOU. After successfully completing your first co-op or internship with us, we will work with you to establish a learning and mentorship plan that also outlines your next placement with us! Through returning for multiple terms in our program, you will get to learn, grow and experiment within different parts of our Strategic Functions ecosystem and have a clearer view of the business line you hope to join upon graduation.

 

Who we are looking for?

 

Are you someone who is fascinated with the financial market and the complexities that come with the risks associated to it? Are you someone who wants exposure to an opportunity that will allow you to combine your soft and technical skills? Is working in an environment that is changing day to day a dream of yours? If you answered yes to any of these questions, then this is the place for you!

Market Risk Measurement, Global Risk Management is responsible for implementing models to quantify the risks in the Bank’s trading activities. The main risks considered are:

  • Market risk. The risk associated with the Bank losing money due to adverse market movements negatively affecting the values of derivatives and assets held in its trading books
  • Counterparty credit risk. The risk associated with the Bank losing money due to being owed by its counterparties on derivatives and the counterparty not honoring its obligations due to default or other credit events

These two categories share many features since they both require simulation of future possible values of our portfolios of derivatives and trading assets. It is a very complex problem to do this in way which maintains rigor when looking at any one component but also rolls up correctly so that the view of risk aggregated across all positions also makes sense.

 

What will I contribute toward?

 

  • Assisting with the integration of new products into our simulation models in market / counterparty credit risk
  • Supporting processes around regulatory approach for market / counterparty credit risk
  • Conducting tests to quantify the significance of some modeling assumptions
  • Assisting with reporting and other back end processes, such as enterprise exposure reporting and stress testing
  • Testing of new data feeds

What are the qualifications need?

 

  • Strong quantitative skills
  • Python and/or C++ coding skills and other scripting languages (R, Unix shell scripting, etc.)
  • Basic MS Office suite abilities

 

How do I Apply?

 

For students, we are focused on learning about who you are and what you’re interested in to uncover your true potential.  In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential.  Instead we want to get to know YOU and hear about the experiences that have shaped you. We know… this might sound crazy but for students applying to one of our co-ops, internships or TILT new grad programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:

  1. Complete your PLUM Profile  here
  2. Complete a short one-way video interview here
  3. Apply to the role through our career site! When the application asks for your resume, instead upload a screenshot of your plum to show us you’ve completed it, we have full access to your entire profile from Plum and won’t use the screenshot but it’s a great reminder for each of you to have completed it. Alternatively you can submit a resume if you want, we just will not be relying on it when we assess you.

 

We thank you all for your interest in Scotiabank!  However, only those selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

**In order to be considered for student opportunities at Scotiabank and/or Tangerine, you must submit your PLUM Assessment and Video Interview. **

Application due September 30th, 2021

 

Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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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