Director, Country Risk Management

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Scotiabank

Requisition ID: 243502

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

Manage Country Ratings

Exhibit a high degree of knowledge, providing sound and timely country risk research and rating opinions to Senior Management, Banking and other GRM areas, by monitoring economic, socio‑political, and environmental events around the world that may impact the Bank’s exposure to countries or regions;

Adjudicate on requests for limits and ratings within assigned limit as a designated “Credit Officer” under the Lending Authorities for sovereign counterparties in the Pacific Alliance and Caribbean, Central America and Uruguay (CCAU) countries.

Contribute to the development of sound analytical standards and the ongoing improvement of the Bank’s risk rating methodologies, by researching and employing the latest best practices in country risk analysis and management.

Provide oversight of Cross Border Limits

Adjudicate within assigned limits and leads the team in coordinating requests for changes in cross‑border limits with all key stakeholders (e.g. country and regional heads, product heads, other GRM areas) to ensure the recommendation to Senior Management represents a fair and balanced view between the need of the business and the need to protect the Bank from undue country risk;

Coordinate with Banking and other departments for the preparation of strategy papers with respect to management of cross‑border risk portfolios;

Contribute to ongoing development of cross‑border methodologies, guidelines, processes and systems to improve the accuracy and timeliness of cross‑border limit reporting.

Provide Development of Internal Country Risk Discipline

Ensure Banking and other GRM areas receive appropriate and meaningful feedback on the identification and understanding of country risk as it impacts their portfolio, to ensure proper cross‑border risk identification.

Provide country risk research and opinions to Banking to support their sovereign credit proposals (and other cross‑border credit proposals when requested), and that the country risk IG used by the Bank is consistent across the organization;

Act as an industry champion with respect to the management of country risk exposure, as required.

Champion Reporting, Special Projects, and Credit Risk Initiatives

Undertake Special projects both within the group and with other areas including liaising with other areas in GRM for analytics‑related projects related to country risk & portfolio management.

Influence business strategies where the risks are assessed as high and help to develop mitigating strategies.

Build a High‑Performance Risk Culture

Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Build a high‑performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.

Skills

Graduate degree in Finance, Economics, Business or related field

Knowledge of risk management practices, to effectively challenge current practices and undergoing efforts

Strong background in economics and political sciences and written and presentation skills complemented with solid deductive reasoning, sound judgement and creativity

Strong negotiating and networking skills, as well as strategic influencing, and diplomacy given frequent discussions on relative merits of a country’s rating and/or cross‑border limits with various stakeholders, requiring decisions within limited timeframes, potentially affecting a broad portfolio in many Banking units.

What’s in it for you?

An inclusive and collaborative working environment that encourages creativity and curiosity.

Work closely with and learn from diverse leaders from different geographies.

Opportunity to make a significant impact as you will contribute in supporting risk teams and business strategy, ensuring alignment to Scotiabank’s Risk Appetite and policies framework.

Ability to contribute to the ongoing enhancement of the Bank’s cross border exposure methodologies and processes.

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.

Seniority level

Director

Employment type

Full‑time

Job function

Finance and Sales

Industries

Banking

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