Senior Manager, Counterparty Credit Risk Measurement

Location: Toronto

Salary: CAD 125,000 - 150,000

Requisition ID: 216121

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

As a member of the Market Risk Measurement (MRM) team, you will help drive large-scale initiatives forward and collaborate with our diverse team of quants, data scientists, and developers. We are looking for individuals who are excited about creating a safer financial world using their mathematical, analytical, and finance/risk knowledge to solve complex problems.

Is this role right for you?

This role is ideal for someone with a few years of experience in quantitative modeling in finance and risk management, particularly in counterparty credit risk, market risk, derivatives modeling, or financial engineering. You should enjoy problem-solving, developing complex models and processes, and managing a small team of quantitative analysts.

In this role, you will:

• Take a leading and hands-on role in high-profile projects involving Potential Future Exposure (PFE), Internal Model Method for CCR (IMM) capital, CVA, and FVA calculations (XVAs).
• Design and implement algorithms and models for the CCR Monte Carlo engine.
• Collaborate with front-office and credit-risk officers, support existing models, and engage with regulators.
• Assist team members with various analyses, model development, documentation, and reporting.
• Execute model runs for reporting and perform corresponding analyses.
• Manage a team of 2-3 highly trained quantitative analysts.

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 in mathematical finance and strong problem-solving skills.
• Advanced degree in a mathematics, economics, or scientific discipline; Master’s degrees or PhDs are preferred.
• Knowledge of methods for Counterparty Credit Risk calculations or experience with CCR management.
• 2 to 5 years of experience in quantitative finance roles.
• Python programming is essential; experience in other Object-Oriented programming is a bonus.
• Effective communication skills, particularly in summarizing complex ideas simply.

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team.
• 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.

At Scotiabank, we value the unique skills and experiences each individual brings and are committed to creating an inclusive and accessible environment for ..... full job details .....