Manager, Hedging, Planning and Analysis

2 days ago

Toronto, Canada Scotiabank Full time

Requisition ID: 193666

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

Balance Sheet Management (BSM) Hedging - Planning and Analysis, within Group Treasury, is responsible for developing policies and strategic framework for the Bank’s Structural Interest Rate Risk (SIRR) and Structural Foreign Exchange Risk (SFER). This team plays a very active role in developing and implementing initiatives to manage dynamic exposures due to embedded optionality and customer behaviors. As hedging involves use of both on and off-balance sheet products, which can entail significant complexity, this team acts as a central point of contact for developing and operationalizing processes by collaborating with multiple stakeholders in Finance, Risk, Accounting policy, capital management etc. The team is also responsible for developing foreign exchange hedging strategies, daily position tracking, some aspects of compliance, reporting to senior management and various bank Asset & Liability committees (ALCO).

The Manager will be responsible for the regular ongoing reporting and operational processes for structural interest rate and FX risk management.

**Is this role right for you? In this role, you will be responsible for**:

- Supporting team members in managing the day-to-day operations of various hedging programs related to all-bank structural interest rate risk, including embedded optionality for banking products and customer behaviors.
- Having an expert understanding in derivative valuation and banking book accounting to ensure accurate allocation of Pnl performance.
- Supporting team members in various risk reporting related to daily all bank SIRR position and FX position.
- Preparing high quality reporting packages to GT senior management and various bank ALCO’s within tight timelines.
- Ad hoc projects as assigned, particularly related to assessing interest rate risk in the banking book and FX exposure related to the bank’s capital and related sensitivities.
- Improving process automation where possible.
- Ensuring main tasks are documented.

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

- Advance degree in Finance, Business, Engineering, Applied Mathematics, Computer Science or Economics
- Progression towards or completion of CFA or FRM
- 2+ years of experience in a Bank Treasury, Capital Markets and/or market risk related function areas
- Strong proficiency in data management and spreadsheet analysis is required. Programming capability in Python, Excel (VBA), Bloomberg, MATLAB or SQL is highly desirable.
- Excellent verbal and written communication skills, with the ability to understand and explain the relationship and constraints between risk management, margin optimization, and accounting treatment
- Fluency with features and financial risks associated with trading and banking products
- Superior analytical and quantitative skills
- The ability to stay organized and balance a number of deliverables

**What’s in it for you?**
- An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success
- We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one
- Your career matters You will have access to career development and progression opportunities.

treasuryjobs

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.

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