Director, Liquidity Stress Testing Specialist
3 weeks ago
We are seeking a highly skilled Director, Liquidity Stress Testing to join our team at Scotiabank. As a key member of our Treasury team, you will be responsible for enhancing our liquidity management role by providing thought leadership and guidance on the development of internal stress scenarios and corresponding assumptions.
Key Responsibilities- Develop and lead the coordination of business as usual (BAU) and ad-hoc internal stress test forecasts and oversee the development and narrative of the scenarios and assumptions framework used to measure liquidity and funding risk.
- Leverage insights and analytics from data in the development of stress testing assumptions ensuring coordination of assumptions across other financial resources and risk transfer attribution.
- Lead regular review of scenarios and assumptions and update those in response to changes in business profile or macro environment.
- Regular review of stress testing scenarios and results with Group Treasury senior management.
- Regular review of stress testing scenarios and assumptions with Group Risk Management for appropriate 2nd Line of Defense review and challenge.
- Support integration of internal stress testing to drive Bank risk appetite framework.
- Analyze data from BAU and ad-hoc stress testing and information to provide insights to business product pricing and risk transfer pricing.
- Enhance existing analytical solutions and leverage new technology initiatives to further develop robust controls to analyze and visualize liquidity data.
- Support a robust stress testing governance process with adequate controls and oversight with review and challenge from Model Risk Management and Internal Audit.
- Partner with Technology to enhance reporting capability and accuracy.
- Coordinate with cross functional teams to interpret scenarios and requirements for regulatory stress testing and ensure timely delivery against outlined roadmaps.
- Support end to end development and implementation of stress testing.
- Respond to on-going questions from regulators related to OSFI and/or CDIC stress testing programs.
- Review results with Group Treasury and Bank senior management.
- Support a robust stress testing governance process with adequate controls and oversight.
- Ensure stress testing policies align with relevant regulatory guidelines i.e. OSFI E-18, B-6, B-15 and BCBS 450.
- Coordinate with internal stakeholders to develop and execute plans to deliver climate stress testing.
- Keep abreast of evolution and requirements for regulatory stress testing including climate risk stress testing.
- Participate in forums organized by advocacy groups to represent the Bank's stress testing programs.
- Provide thought leadership to the stress testing team to support key initiatives aligning with Treasury and Bank strategic objectives.
- Direct day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicate the Bank's risk culture and risk appetite statement throughout their teams.
- Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.
- Extensive (>10 years) experience in financial services with a focus on Treasury, Capital Markets and Risk Management.
- In-depth experience with stress testing and modeling.
- In-depth experience with Capital Markets activities and products.
- Understanding of Market Risk, particularly off-balance sheet derivative products, is beneficial.
- In-depth experience with data-driven decision making.
- Solid working knowledge of stress testing requirements as per OSFI, CDIC guidelines.
- Excellent project management skills to tackle multiple deliverables.
- 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.
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Director, Strategic Liquidity Management
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Old Toronto, Ontario, Canada Scotiabank Full timeJob DescriptionThe Director, Strategic Liquidity Management will lead the development of internal stress scenarios and corresponding assumptions to enhance the Liquidity Management role within Group Treasury. This role will provide thought leadership and guidance on the development of internal stress testing and scenario planning, supporting a more strategic...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryThis role will collaborate with stakeholders from GRM, Finance, Treasury, and IT to develop and enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, ensuring compliance with internal and external requirements for stress testing reporting standards under US and Canadian regulations.Key...
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