Manager, Treasury Risk Analytics - LATAM Region

Requisition ID: 232196

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

The manager in TFRM International team is primary focused on providing structural, liquidity, and market risk oversight for Scotiabank's operations in Latin America and Caribbean units, ensuring all positions and their inherent key risks are properly identified, quantified, monitored, and reported
This role has regular exposure to Senior Management across different areas and jurisdictions to discuss and provide recommendations on market risk related issues in the region; written and oral presentations are done on a regular basis to Senior Level Executives
The manager will also assess business proposals and provide recommendations on the appropriate risk frameworks in line with Scotiabank's standards and policies
Other activities include, designing periodic reports, developing tools to improve the team's risk oversight, reviewing the risk framework of the different jurisdictions, assessing data quality, ensuring information integrity, and implementing technology related projects

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

Business Relationship: Develop effective relationships with business lines that foster awareness of the Bank's risk framework and sharing of information
Proactivity: Self-initiated behavior that endeavors to propose and execute solutions to daily challenges and tasks
Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to market developments and risk matters, including changes in risk profile and P&L drivers. Monitor international financial markets/events, identify new trends and summarize new regulatory requirements
Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an independent opinion on business initiatives, including calibrating risk limits in alignment with the Bank's risk appetite framework
Valuation: Ensure portfolios are accurately valued through analysis of daily P&L results and oversight over Independent Price Verification process
Communication: Distilling relevant daily risk/market information into highlights, ensuring material issues are communicated to stakeholders
Report Effectiveness: Run daily processes within deadlines (e.g., reports, analysis, etc.) and identify process improvement opportunities. Contribute to the testing and development of new tools to automate risk processes across different jurisdictions
Team player: Work effectively with other team members and/or stakeholders with emphasis on getting things done through proactive participation and collaboration

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Knowledge of Spanish is a strong asset
• Quantitative Undergraduate (e.g., Economics, Finance, Mathematics, Statistics, Engineering, etc.) with a master’s degree (e.g., MSc, Master of Finance, Master of Risk Management, etc.).
• FRM and/or CFA certifications are an asset.
• Proficiency using programming languages and data management software, including Python, R, SQL, Visual Basic, etc.
• Strong knowledge of market risk management processes and measurement techniques is required.
• At least 2 years of previous experience in liquidity risk, interest rate risk or market risk management.
• Knowledge of the Bank's risk appetite and risk framework is an asset.
• Advise and support International Subsidiaries in the development of their risk management framework in line with the Bank’s standards for balance sheet management (e.g., Static Interest Rate Gaps, Net Interest Income, Economic Value, duration gap.), liquidity risk management (e.g., Liquidity Cash Gap, Liquidity Buffer, Liquidity Stress Testing) and market risk management (VaR, sVaR, Interest Rate Sensitivity (DV01)).
• Conceptualize, develop, and deploy value-added analytical tools and data visualization solutions to support treasury activities around structural interest rate risk and liquidity management. Develop and maintain tools and processes to eliminate manual tasks with automation.
• Strong communication skills are critical as there is close interaction with the regional Treasurers, Traders, and local Market Risk Management teams. Spanish is an asset.
• Strong writing skills are critical as written communication is often used to present key issues and recommendations to Senior Management and/or to the Bank's Market Risk and Management Policy Committee.
• Given the high volume of activity, the manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives. Ability to adapt to a dynamic and fast-paced environment is a must.
• Strong technical knowledge and work experience in data visualization tools (i.e., Tableau, Power BI).
• Knowledge of treasury risk (SIRR and liquidity risk) management or ALM processes and metrics.

What's in it for you?

• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!
• An inclusive working environment that encourages creativity, curiosity, and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!

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.