Requisition ID: 215915
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

About the Role

Are you passionate about financial markets and eager to apply analytical skills in a fast-paced environment? Do you thrive in an environment that challenges you to lead innovative approaches to risk management in the ever-evolving capital markets landscape? If so, we invite you to join our dynamic risk management team as a Manager, Capital Markets Stress Testing and Data Analytics.

Working primarily on the data analytics side of the team, you will maintain and enhance the existing market data infrastructure that feeds the risk models for the bank. Alongside the stress testing part of the team, we play a pivotal role in ensuring the quality of the data that feeds the stress testing segment.

You'll work alongside an exceptional team to have a direct impact on the Bank's risk management strategy, ensuring robust and accurate stress testing processes that support informed decision-making, regulatory compliance, and the Bank's overall risk appetite

About the Team

Capital Markets Stress Testing and Data Analytics is at the center of several initiatives for both market and counterparty credit risk. This is a cross-functional group of risk professionals, quantitative analysts, and data experts, working together to support the Bank's broader risk management strategy. The focus is to provide in-depth analysis for stress testing scenarios and utilizations, ensure capital adequacy, and promote proactive risk management across all trading desks and portfolios. Close partnerships are maintained with senior leaders, trading desks, product specialists, model development, model validation, regulatory compliance, and technology.

The team's responsibilities span several key areas:

1. Monitor, maintenance, and enhancement of the market data analytic function. We strive to provide the best quality and robust data to our consumers, the data model users.
2. Elevate Stress Testing: We lead initiatives to integrate stress testing into the firm's risk culture, ensuring it is embedded across all capital markets products and enterprise exposures. This includes the design of stress scenarios, conducting scenario analysis for all trading books, and providing portfolio analysis to assess the impact on risk profiles. We aim to effectively use stress testing for decision-making, risk identification, and resilience planning.

1. Stress Testing Methodology: Our team is responsible for developing, refining, and enhancing stress testing methodologies for both market risk and counterparty credit risk. We focus on risk modelling (valuations and analytics), including but not limited to scenario design, scenario calibration, scenario generation, and implementation. We ensure our models align with best practices, accurately reflect the dynamics of the markets and counterparty exposures and help anticipate potential vulnerabilities in times of stress or market disruption.

Is this role right for you?

This role is ideal for an energetic individual who has curiosity and drive; and is passionate about capital markets and eager to apply analytical skills in a fast-paced environment. You will be actively engaged in discussions and collaboration with other groups within risk management as well as partners on the trading desk. You will also greatly contribute to the development, implementation, and enhancement of stress testing programs and the management of the market data that supports market risk processes.

Job Responsibilities

• Develop and implement new approaches and enhance existing methodologies to advance market data management and data quality control. Develop production level code and collaborate with IT team for integration into daily bank processes.
• Manage the database of historical prices of financial instruments to ensure the best quality data is used for market risk modelling.
• Collaborate with team members on various ad-hoc analyses, data methodology, documentation, reporting, preparation of materials.
• Execute model runs on a regular basis for reporting and perform corresponding analyses.
• Communicate with model developers, trading desks, risk teams, and business lines to enhance data quality control and data management for capital optimization and provide data support on daily basis.
• Participate in the Capital Market Stress Testing projects: developing a methodological framework for scenario designs, providing data solutions for capital optimization and data quality control procedures
• Become an active member of the team participating in various knowledge sharing and team building activities.

Do you have the skills that will enable you to succeed in this role?

• Graduated in a quantitative discipline such as (but not limited to) economics, financial engineering, statistics, physics, engineering, data science, or mathematics, with a strong interest in risk, statistical modeling, research, and data visualization.

• Experience with scripting in Unix/Linux is an asset
• Ability to prioritize and multi-task in a fast-paced environment to meet deadlines.
• Attention to detail with ability to work independently.

• Ability and the experience of communicating both verbally and written complex financial data concepts to stakholders.
• Familiarity with 3rd party vendor systems (Bloomberg, Refinitiv, HIS Market) is an asset
• Competent with the Microsoft office suite of products, especially excel.

What's in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• Be at the forefront of innovation in risk management, utilizing cutting-edge tools, methodologies, and data analytics.
• A rewarding career path with diverse opportunities for professional and executive development.
• A comprehensive compensation and benefits package.
• An organization acted to make a difference in our communities – for you and our customers.

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. If you require technical assistance, please click here. 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.