Associate Director, Liquidity Stress Testing

7 days ago


Eastern Ontario, Canada Scotiabank Full time
Title: Associate Director, Liquidity Stress Testing

Requisition ID: 218024

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

The liquidity stress testing team is responsible for developing and maintaining internal assumptions, methodologies and stress scenarios to ensure sufficient liquidity during periods of stress.

Reporting to the Director, Liquidity Stress Testing, the Associate Director will oversee and enhance the liquidity stress testing processes, playing an integral role in the bank's liquidity management strategy. This includes developing insights and forming actionable liquidity strategy recommendations to effectively manage through stress events.

This role is focused on supporting a more strategic and agile approach to Group Treasury's liquidity risk framework in ensuring the robustness of our liquidity strategies and the effectiveness of our risk management framework.

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

  1. Contribute to the ongoing enhancement of the enterprise Liquidity Stress Testing (LST) Program by developing internal stress scenarios and corresponding assumptions to:
    1. Assess liquidity needs
    2. Identify potential vulnerabilities
    3. Devise risk mitigation and liquidity optimization strategies
  2. Assist in aligning Treasury and Bank strategic objectives by reviewing and recommending changes to liquidity transfer pricing on balance sheet products
  3. Leverage quantitative data analytics and qualitative insights to develop thoughtful stress scenarios
  4. Collaborate with business partners to strengthen understanding of liquidity drivers and client behavior during stress events
  5. Utilize excellent communication skills to explain the relationship between balance sheet products and liquidity risk
  6. Add meaning to data by understanding shifts in balance sheet positions and articulate appropriate levels and composition of liquidity supports to senior management for better decision-making and strategic resilience
  7. Remain up to date on emerging market risks and best practices to recalibrate stress test assumptions and scenarios
  8. Identify opportunities to enhance reporting and analysis activities, supporting a culture of continuous improvement
  9. Develop timely and accurate reports and analysis, holding oneself accountable
  10. Champion a high-performance environment and contribute to an inclusive work environment

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

  1. 5+ years experience in Liquidity risk / management, Treasury and/or Capital Markets and Risk Management.
  2. Detail oriented, data focused and ability to distill information for senior leaders
  3. In depth experience with stress testing and modeling
  4. In depth experience with data driven decision making
  5. Experience with Power BI, Python, SQL, VBA and database models is considered an asset
  6. Solid working knowledge of stress testing requirements as per OSFI, CDIC guidelines
  7. Understanding of Market Risk, particularly off-balance sheet derivative products, is beneficial.

What's in it for you?

  1. In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed
  2. You'll be part of a diverse, collaborative, innovative, and high-performing team
  3. We offer a competitive rewards package:
  4. Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
  5. Health Benefits from day one
  6. You will relish work-life balance, team events, and opportunities to participate in the community.
  7. Your career matters You will have access to career development and progression opportunities.

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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