Manager, CCR Analytics

5 days ago

Old Toronto, Canada Scotiabank Full time

Requisition ID: 211703

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

Excited about creating a safer financial world by using your data, analytics, and modelling skills? – Join us

As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards and several firsts in the Canadian banking sector: We prepare Scotiabank for the adoption of new regulatory and industry-wide initiatives and played a key role in Scotiabank becoming the first bank in Canada to receive regulatory approval for using Internal Model Methods (IMM) for Counterparty Credit Risk. We currently lead the Bank’s project to implement the Fundamental Review of the Trading Book (FRTB).

MRM is actively involved in the Bank’s Diversity & Inclusion (D&I) initiatives representing the diverse gender, cultural and ethnic backgrounds of our team. The more diverse we are, the more balanced our approach and models will be The team is a key contributor to Women-in-Leadership activities – we take part in enterprise-wide D&I discussions, events, and Employee Resource Groups to enhance the representation and recognition of minority groups in the bank.

We are looking for people and talent that will help us drive these large-scale initiatives forward and work alongside our diverse team of quants, data scientists and developers and collaborate with our many stakeholders across Scotiabank.

Is this role right for you?

Do you love to apply your data analytics and modelling skills to solve relevant problems? Do you want to be part of the exciting endeavour of building out the next generation market risk framework to make a safer financial world? This role is ideal for a person with quantitative background who is keen to help in bank-wide projects that require a high degree of communication and stakeholder management. This is also a good starter role for someone with a strong quantitative background with proven interest in Finance, Economics, Derivatives, or Risk Management via reading and self-education.

As a member of the Counterparty Credit Risk Analytics team, you will work with the Bank’s Counterparty Credit Risk (CCR) systems which cover measurement of Potential Future Exposure (PFE), IMM capital and xVA pricing. The team is at the forefront of new bank-wide initiatives related to CCR systems with exposure to many stakeholders from business and risk functions. You will collaborate with front-office, model developers, credit risk managers, data governance teams, and technology to build out analytics support and data solutions to ensure accurate reporting and insights on CCR measures used to monitor CCR in the Bank’s CCR Monte Carlo engine as well as capital calculation system.

In this role, you will:

  • Take a hands-on role in several key strategic initiatives that are highly quantitative and key to accurate and timely CCR reporting.
  • Collaborate with front office, model development, technology, and downstream data users to support daily exposure investigations.
  • Take on a central role in identifying CCR data issues and streamlining priorities. Collaborate with data governance teams to drive CCR data issues resolution.
  • Develop and automate control processes to identify data challenges affecting accuracy of CCR measures. Development is typically completed in SQL or Python.
  • Develop and implement analytics dashboard through the Power BI framework within the CCR database to support monitoring and drilldown investigation of CCR measures.
  • Assist team members with various operational responsibilities including daily run of critical risk reports and corresponding analyses, ad-hoc data pulls and analyses, documentation, other regular reporting, etc.
  • Become an active member of the team including our D&I initiatives and communities.

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

  • Solid quantitative background and problem-solving skills with a keen interest in Finance, Economics, Derivatives, Risk framework and Regulations (i.e., exposure reporting, capital, etc.).
  • Advanced degree in a finance, economics, or scientific discipline (e.g., Mathematics, Statistics, Physics, Engineering, Biology, Finance, Economics, etc.). Master’s degrees or PhDs are a bonus.
  • Excellent communication skills and specifically the ability to summarize complex ideas in simple terms. Strong presentation and writing skills.
  • Ability to evaluate impact across systems/processes critically; and to define and effectively communicate objectives and solutions with the corresponding stakeholders.
  • You like communication and stakeholder management, and you strive to push forward projects.
  • SQL programming is essential to support day-to-day activity.
  • Strong knowledge of database and MS Power BI.
  • Hands-on experience with Python and/or other Object-Oriented languages and Unix bash scripting is preferred.
  • Knowledge of industry-wide methods for CCR calculations or experience with CCR management is an asset.

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. 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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