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risk management analyst
Title posted on CareerBeacon - Senior Manager, Funds Risk Management - Structured Products Risk Analytics
Posted on May 09, 2024 by Employer details Scotiabank
Job details
Requisition ID: 198944Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Funds Risk Management (FRM) - Structured Products Risk Analytics is liable for counterparty credit risk (CCR) analytics and market risk oversight for the Bank's Credit TRS portfolio, CLO warehousing and other credit derivatives related business. The team works closely with the Credit Derivatives Sales & Trading and Origination groups, Hedge Fund Credit, GWO, Product Control and Market Risk Measurement (MRM). Job Responsibilities: Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Counterparty Credit Risk ? Provide oversight of the covered businesses from a margin sufficiency perspective and provide recommendations on margin adjustments where required. Lead the development of the analytical tools required to assist the bank's CCR management capabilities. Market Risk ? Oversee market risk exposures for covered businesses and socialize to Senior Risk Management, the business desk and Market Risk Management and Policy Committee (MRMPC) on trading risks, new developments, and market conditions. Ensure adherence with Bank's risk appetite and the business mandate. Partnership with Trading ? Engage trading groups in a proactive manner to promote open communication between risk and trading. Escalate trading issues and work effectively with the trading desk. New Deal, Product & Limit Adjudication ? Management, review, and adjudication of new Credit TRS transactions as well as amendments on a timely basis. Make recommendations to MRMPC on new limit requests, including proposing new limits according to the Bank's risk appetite. Data Analytics ? Actively involved in deal structure stage to ensure the model run captures the deal terms accurately and the deal stays within bank's risk appetite. Participate in extracting insight from risk and market data through analytic techniques and data visualization tools (e.g. Python and Tableau). Daily oversight of daily risk sensitivity monitoring, weekly risk measures and portfolio review, collateral management, non-disapproval of underlying assets and review of the RTDMS (comprehensive deal monitoring system) for Credit TRS transactions. Valuation ? Ensure self-governing price verification is performed in accordance with policies and advice on appropriate valuation reserve adjustments in accordance with Bank's policies. Assist in maintaining Official Rate Source Document (ORSD) and Valuation Reserve Summary (VRS) for covered products. Identify risk taking activities and valuation issues through oversight of daily P&L attribution analysis. Communication ? Socialize regularly with Trade Floor Risk Management (TFRM) on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with global TFRM teams to ensure there is consistency in risk management approach. Collaborate with Product Control, back office, MRM and other Bank stakeholders to achieve common objectives. Regulatory & Audit ? Participate in external and internal audits and align resolution of findings and participate in key regulatory initiatives (e.g. FRTB, Volker). Other Risks--Manage the hedge fund Credit TRS portfolio according to policies/guidelines/limits established by the MRMPC. Highlight any issues or gaps which may give rise to market risk, counterparty credit risk, reputational risk, liquidity risk or operational risk. Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effe- LocationToronto, ON
- SalaryNot available
- Terms of employment Full time
- Start date Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2045940
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