City : New York City, NY, US, 10281

Category : Business and Financial Operations

Industry : Finance

Employer : Scotiabank

Requisition ID: 171580

 Salary Range: 84,200.00 - 153,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Position:   Manager/Senior Manager, U.S. Risk Analytics, U.S. Risk Management

Purpose
This position will report to the Head of U.S. Risk Analytics and will support the development and implementation of risk analytic capabilities in the U.S., including stress testing, risk identification, resolution planning and reporting.  

Accountabilities 

• Contribute toward the U.S. risk identification program, and other risk assessment programs (e.g. Risk and Control Self Assessment) 
  • Work with stakeholders across Lines of Business, Risk Management to develop, maintain and update the material risk inventory, control framework, and risk identification processes.  
  • Monitor risk trends across all risk types and businesses, recognize and review new or emerging risks and analyze linkages between risks 
  • Coordinate ongoing enhancements to the Risk Identification Framework 
  • Produce documentation and presentations to effectively communicate key information to senior management and regulators 
• Assist in the development of Scotiabank U.S. (SBUS) enterprise stress testing framework in line with U.S regulatory expectations, working closely with Head Office Risk Analytics group and U.S. based risk groups to utilize existing capabilities and enhance capabilities as needed. Some examples of development of U.S. Stress testing that the candidate may contribute towards include
  • Enhancing use of Monte Carlo approaches and other stresses of the loan book and Revenue stress testing by business line
  • Expansion of Monte Carlo approaches to other risk areas where applicable
  • Review of Stress testing of counterparty credit through scenario analysis
  • Review of Market Risk Scenarios. 
  • Other approaches as applicable
• Manage, monitor, and create reports on risk analytic measures such as
  • Risk appetite metrics;
  • The Bank’s U.S. aggregate exposure to approved limits including limit breaches and remediation; 
  • Trends in the aggregate exposures by portfolio; 
  • Exceptions to approved policies or frameworks; and  
  • Broader business and emerging risks.
• Participate in the creation of the U.S. resolution plan and U.S. portion of global resolution plan. 
• Develop appropriate reports and analyses for the Board Risk Committee and other management level risk committees and regulators.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create policies and procedures where applicable
• Act thoughtfully and quickly in situations which involve uncertainty and/or significant risk.  Understand the sense of urgency to accomplish tasks on time.  Demonstrate a strong belief in one’s own ideas and judgement capabilities. Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. 
• Support special projects as assigned

Education / Experience 

• Requires at least a Bachelor’s degree in a related discipline. Master's degree, recognized professional designation in a specialized area of finance or business, or equivalent, is an asset.
• 3+ years of progressively higher levels of responsibility in a related discipline
• Knowledge of enterprise, credit, market, operational and other quantitative and qualitative risk management frameworks and processes.
• Strong Excel and PowerPoint Skills
• Knowledge of stress testing practices in various disciplines (Market, Credit, Operational, etc.)
• Experience in Risk Identification, Resolution Planning or other risk assessment programs a plus
• VBA and/or Python skills a plus
   

Location(s):  United States : New York : New York City

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.