Manager, Counterparty Credit Risk Analytics and

Requisition ID: 165395

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). As part of this, we have provided major contributions to discussion with regulators on changes that increase the financial stability of banking systems world-wide.

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?**

As a member of the** Counterparty Credit Risk Measurement** team, you will work with the Bank’s Counterparty Credit Risk (CCR) systems, which includes 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 system
- and model enhancements with exposure to many stakeholders from business and risk functions, including Machine Learning initiatives. You will drive the implementation of system changes, collaborate with front-office and credit-risk officers, support existing models. You will be a central part of the Counterparty Credit Risk cycle in the bank. You may also engage with regulators and Canadian Bankers Association (CBA) to ensure model development and CCR management are aligned with most recent industry developments, regulatory changes, and best-practices.

**In this role, you will**:

- Take a hands-on role in a number of projects that are highly quantitative and involve a lot of communication across the bank. You will be exposed to several teams across the organization.
- You will be part of the Counterparty Credit Risk cycle in the bank, providing trade analysis when needed, working closely with traders, bankers and credit officers.
- Design and implement algorithms and approaches for the CCR Monte Carlo engine which measures PFE, IMM capital and XVAs. Development and implementation of processes is typically completed in Python with close collaboration with stakeholders in IT to productionalize models.
- Communicate with model users, trading desks, risk teams, and business lines to enhance models and ensure correct use of models.
- Assist team members for various ad-hoc analyses, model development, documentation, reporting, preparation of materials.
- Execute model runs on a regular basis for reporting and perform corresponding analyses.
- 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 management and Regulations.
- Advanced degree in a mathematics, economics, or scientific discipline (e.g., Mathematics, Finance, Statistics, Physics, Engineering, Biology, Economics, etc.). Master’s degrees or PhDs are a bonus.
- Experience in Python programing or other programing will be important to support day-day activity.
- Effective communication and specifically the ability to summarize complex ideas in simple terms; you enjoy working in collaborations. Experience in managing and pushing forward projects.

**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 :