Manager, U.S. Market Risk

Select how often (in days) to receive an alert:

Select how often (in days) to receive an alert:

Requisition : 272561

Salary Range:90,.00

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

The Manager, will be part of a team responsible for the market risk management of trading business lines of Scotiabank U.S. Key responsibilities include market risk monitoring, reporting, limit setting, and breach identification and remediation. This Manager will participate in business reviews, limit monitoring, assist in preparing presentations for management and regulatory meetings, as well as work in close collaboration with the trading desks as a valued partner by identifying key risks and assessing market conditions.

As a Manager, you will work closely and under the direction of the overall team focused on all the traded product groups, as well as Trade Floor Risk Management (TFRM) colleagues in Toronto and other jurisdictions as part of a global market risk initiative. Additional responsibilities include ad-hoc analysis of market risk metrics, anticipating the risk needs of the business, and enhancement of internal and external market risk reporting.

The Manager will:

• Be responsible for daily reporting and monitoring of U.S. market risk metrics across multiple product groups with specialization in FICC (Fixed income, Currencies, Commodities), specifically in Rates, and Collateral Management & Funding
• Identify market risk limit breaches, verifying the accuracy of the breaches, discussing next actions to be performed by the desk to remediate the breach, then following up with reporting that discusses the causes of the breach, actions taken, and follow up steps.
• Assist with market risk reporting enhancements, particularly using Power BI, SQL, Python and other propriety systems to develop improved analytics.
• Work closely with both local and global teams in addressing enhancements and any remediation efforts. Presenting materials to global TFRM for project work that educates the global team.
• Prepare a daily morning synopsis of the market developments in the concentration areas assigned to the Manager, working diligently to be aware of general macro market themes and staying abreast of developments throughout the day.
• Assist in the preparation each month and each quarter, of reporting that is used by the various committees and reporting viewed by the U.S. and foreign regulators.
• Create periodic U.S. Chief Risk Officer (CRO) dashboards and other ad-hoc reports or presentations to keep all levels of management informed of key initiatives, risks, and issues.
• Provide a collaborative partnership to trading desks / business lines by facilitating risk requests and providing risk insights with deep understanding of how the business makes money and what drives decision making.
• Play an active role in the Volcker monitoring process in the U.S. while working closely with the Toronto teams helping to drive Scotiabank’s compliance with the Volcker policies. Contributing to the annual Volcker attestation process in the U.S.
• Recommend changes in valuation methodology as needed working closely with Product Control. Maintaining official rate source document for covered products. Identifying risk taking activities and valuation issues through oversight of daily P&L attribution analysis.
• Work closely with other risk partners within the bank including Operational Risk, Compliance, Business Risk Management, and others within Financial and Non-Financial Risk

• Produce Limit and…