Job Description
Requisition ID: 253068
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Global Treasury Market and Liquidity Risk Management Group plays a key role in formulating the Bank’s risk appetite and governance framework and provides independent oversight of the Bank's liquidity and structural balance sheet risks. Scotiabank’s approach to risk management is a globally recognized competitive advantage that balances sound judgement, effective tools, collaboration and oversight. Our greatest strength is the expertise and commitment of our people, and we are committed to attracting, developing and rewarding a diverse group of high-performing employees.
The Senior Manager Global Liquidity Risk Management plays a pivotal role in the Bank’s Liquidity Risk Oversight function. The incumbent is expected to provide forward-looking insights that contribute to the successful execution of the Liquidity Risk Management Mandate. Success in this role is determined by a combination of accountabilities and demonstration of core values – Ownership, Curiosity, Drive, Courage and Team-First.
Is this role right for you? In this role, you will:
Review and analysis of liquidity risk data and metrics to provide value-adding and forward-looking insights into the Bank’s liquidity risk profile in support of the Enterprise Liquidity Risk Management Mandate.
Collaborate with Group Treasury and business lines (i.e., Global Banking and Markets, Canadian Banking, International Banking, Wealth Management) to proactively identify vulnerabilities and seek opportunities for optimization of the balance sheet and funding programs.
Partner with Group Treasury, Capital Markets and Retail business lines to provide effective challenge and review of Internal Liquidity Stress Testing models, methodologies and assumptions.
Actively seek opportunities to enhance the liquidity risk management framework, including risk assessment, metric development, procedures and methodology.
Drive the implementation of best practices and analytical techniques for evaluating and quantifying the liquidity risk impact of the Bank’s products and strategies.
Provide subject matter expertise on liquidity risk management and related regulations, including providing input for liquidity risk related policies and guidelines for the Bank's international branches and subsidiaries.
Play a leading role in the application of technology to enhance liquidity risk analysis, monitoring and reporting.
Communicates and incorporates the relevant risk appetite statement and risk appetite measures, in alignment with the Bank’s risk culture, into activities so as to:
embed prudent risk taking into day-to-day management, planning and decision-making;
implement controls and processes to effectively identify, report and monitor risk; and,
ensure timely action is taken to effectively manage and mitigate risks, including prompt escalation of breaches of management limits or risk appetite measures as per established processes.
Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
University degree in Finance or related discipline with a post-graduate degree (e.g., Master of Finance, MBA, etc.) is required
CFA/FRM designation preferred
5+ years of experience in Capital Markets/Treasury/Risk Management functions is required
Strong knowledge of a broad range of capital markets (e.g., Structured finance: securities financing transactions (SFTs), conduits, securitized transactions, etc.) and deposit (e.g., corporate, retail, etc.) products is required
Understanding of bank Treasury functions and funding programs is an advantage
Liquidity Risk management experience is beneficial
Knowledge of Basel III and related regulatory frameworks is beneficial
Familiarity with liquidity stress testing methodologies and processes is beneficial
Demonstrated analytical and problem-solving skills
Strong verbal and written communication skills
Relationship building and collaboration
What’s in it for you?
An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
Your career matters! You will have access to career development and progression opportunities.
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, 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.
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