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About the Role

Leads and oversees Counterparty Credit Risk in London, ensuring business strategies and plans are executed safely, soundly, and in compliance with regulations and internal policies.

Responsibilities

• Ensuring a robust framework for monitoring and measuring counterparty credit risk in London portfolios, meeting bank standards and UK regulatory requirements.
• Oversight of the counterparty credit risk policy, processes, and controls.
• Ensuring appropriate and adequate margin frameworks, limits, and stress testing.
• Monitoring risk profile, trends, limits, margins, and stress testing results, partnering with the 1st Line to identify potential portfolio risks.
• Liaising with trading desks and front office risk personnel on counterparty credit risk oversight, including limit breaches, risk appetite, margin calls, and risk escalation.
• Overseeing the relationship with counterparties from a second line perspective to assess their impact on Scotiabank.
• Engaging with Trade Floor Risk Management and Trading teams to ensure appropriate counterparty credit risk monitoring for current market conditions.
• Collaborating with credit teams on counterparty credit assessments and setting effective risk appetite for clients.
• Working with teams in London and Toronto to ensure the adequacy of closeout playbooks.
• Presenting the counterparty credit risk profile of London portfolios at governance/oversight committees.
• Leading and driving a customer-focused culture to deepen client relationships and leverage Bank resources.

Requirements

• Requires at least a Bachelor’s degree in a related discipline.
• Experience in market or counterparty credit risk oversight (or related function).
• Solid market risk understanding of traded markets and products.
• Knowledge in the latest regulatory developments in market risk and counterparty credit risk.
• Strong verbal and written communication skills for senior management and external regulators.

Skills

• Strong understanding of counterparty risk and market risk management concepts.
• Strong understanding of traded products and markets.
• Good interpersonal skills.
• Ability to engage with bank clients and front office staff.
• Ability to work across teams and geographies.
• Highly organized with an ability to work in a fast-paced, multi-stakeholder environment.
• Ability to manage multiple priorities.

Location

• London, England, UK

Work Type

• Full-time

Experience Level

• Senior

Education Level

• Bachelor's degree
• Master's degree (asset)
• Professional designation (asset)

About the Company

• Scotiabank is a leading bank in the Americas.
• Our purpose: 'for every future', we help 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.

Equal Opportunity

• 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.