Manager, Reporting and Analysis - Balance Sheet Management

Requisition ID: 229961

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

The Hedging, Planning and Analysis team within Group Treasury is seeking a highly analytical and technically skilled Manager to support the Bank’s Structural Interest Rate Risk (SIRR) and Structural Foreign Exchange Risk (SFER) management. This role is ideal for candidates with a strong background in derivatives risk, particularly those with experience managing non-linear exposures and working with complex instruments such as Swaps, Interest Rate Options, Total Return Swaps (TRS).

Reporting to the Associate Director, Hedging Strategy and Analytics , the Manager, Reporting and Analysis will contribute to the design and execution of hedging strategies, support daily risk reporting, and collaborate with cross-functional teams to enhance the Bank’s structural risk management framework.

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

• Support the day-to-day operations of hedging programs related to all-bank structural interest rate risk, with a focus on managing non-linear risks such as Gamma and Vega arising from embedded optionality on Banking Book products and complex derivatives.
• Assist in the monitoring of hedging strategies involving interest rate options, and other structured products.
• Analyze the impact of market volatility, convexity, and customer behavior on the bank’s structural risk profile.
• Collaborate with trading desks, risk management, and finance teams to assess and optimize hedge effectiveness under various market scenarios.
• Support daily and periodic risk reporting, including second-order risk metrics and scenario analysis for structural interest rate and foreign exchange exposures.
• Contribute to the development and enhancement of risk models and analytics tools used to evaluate complex derivative exposures.
• Drive process automation and documentation to improve operational efficiency and transparency.
• Participate in ad hoc projects related to advanced risk analytics, model validation, and regulatory reporting.

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 finance, Financial Engineering, Applied Mathematics, Computer Science, or a related quantitative discipline.
• Progress toward or completion of CFA, FRM, or CQF is preferred but not mandatory.
• 3+ years of experience in a bank, hedge fund, or capital markets environment, ideally in Finance, Treasury, Derivatives Trading, Structuring, or Market Risk.
• Proficiency in Python, SQL, Excel VBA, and experience with risk analytics platforms (e.g., Bloomberg or in-house systems).
• Deep understanding of derivatives pricing and risk sensitivities, including first- and second-order Greeks.
• Hands-on experience with complex derivatives, such as Total Return Swaps, interest rate options, and structured products.
• Strong grasp of market volatility dynamics, convexity risk, and their implications for hedging strategies.
• Excellent communication skills, with the ability to explain complex risk concepts to both technical and non-technical stakeholders.
• A self-starter mindset with strong organizational skills and the ability to manage multiple priorities under tight deadlines.

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.

Please Note: Group Treasury staff are treated as insiders of the Bank and are subject to the Terms and Conditions of the Scotiabank Personal Trading Policy.

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. 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.