Requisition ID: 254083
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Counterparty Market Risk (CMR) is a rapidly expanding Counterparty Credit Risk function that operates at the intersection of Market Risk and Credit Risk. Originally established to provide market risk oversight for Securities Financing Transactions (SFT) businesses—including Prime Services, Collateral Management, Funding, and Credit Total Return Swaps (TRS)—CMR has significantly broadened its mandate.
CMR now supports margin sufficiency analysis for all bank counterparties through comprehensive margin analysis and calibration, implements Counterparty Credit Risk (CCR) stress testing across all trading counterparties, and enhances counterparty credit risk analytics. CMR is responsible for identifying, assessing, and monitoring key market risks that impact counterparty exposures.
Leveraging advanced analytics and tailored risk management tools, CMR provides a critical risk management overlay that highlights tail and concentration risks. The team applies market risk measures at the counterparty level to effectively challenge both business activities and credit risk assessments. CMR closely integrates inputs from both Credit Risk and Market Risk teams to ensure a robust and holistic evaluation of counterparty risk.
Is this role right for you? In this role, you will:
Market Risk – Monitor market risk exposures for Prime Services, Collateral Management and Funding, and Credit Total Return SWAPs. Covering broad asset classes including government bonds, corporate bonds, inflation linked bonds, equity, converts, loans and all kinds of hedge strategies. Ensure adherence to the Bank's risk appetite and business mandate. Review daily risk and limit reports, discuss with the business as needed.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
Quantitative Undergrad (e.g. finance, mathematics, statistics, engineering) plus Masters preferred. Progress towards/completion of CFA/FRM/PRM an asset.
What’s in it for you?
- The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
- A rewarding career path with diverse opportunities for professional development
- Internal training to support your growth and enhance your skills.
- An inclusive working environment that encourages creativity, curiosity, and celebrates success!
- The tools needed to create best-in-class student candidate experiences.
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.
