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About the Role
Support oversight of market risk in the second line of defense on the Rates business line, contributing to the success of the Trade Floor Risk Management / Global Risk Management department in the UK. Ensure all activities comply with governing regulations, internal policies, and procedures.
Responsibilities
- Identify and assess market risks in the Rates businesses, ensuring consistency with the Bank's risk appetite and approved business mandate.
- Develop ad hoc risk analysis to support the Business.
- Act as the first point of contact with the London Rates desk on limits, exceptions, and strategy.
- Scrutinize daily P&L of London business to understand risk-taking activities and valuation issues, partnering with Product Control on P&L attribution.
- Ensure accuracy of reported VaR and Stress Test results for London Rates, performing desk-level investigations.
- Verify proper portfolio valuation in accordance with Bank standards, including execution and documentation of valuation processes.
- Prepare analysis and recommendations on new products and market risk limit issues for the Market Risk Management and Policy Committee.
- Monitor daily limits for compliance with regulatory MIFID II and OSFI reporting.
- Enhance and improve current reporting processes with other control functions.
- Work in partnership with Trading Desk, Product Control, Operations, and peer TFRM teams.
- Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Pursue effective and efficient operations, ensuring adequacy and adherence to business controls for operational risk, regulatory compliance, AML/ATF, and conduct risk.
- Contribute to a high-performance and inclusive work environment, supporting team vision, values, and business strategy.
Requirements
- Solid experience of Risk Management related experience in the financial services industry.
- Ability to work in a fast-paced environment with multiple priorities.
Skills
- Strong knowledge of fixed income and rates products (bonds, swaps, inflation & vol products and e-trading/algo).
- Good understanding of risk metrics (sensitivities, VaR).
- Passionate about market developments across asset classes.
- Strong numerical and computational skills required particularly in Python, GenAI, Bloomberg API and MS apps.
- Excellent interpersonal and communication skills required.
Location
- England : Greater London : London (UK)
Work Type
- Full-time
Benefits
- Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
- Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
- Diversity, Equity, Inclusion & Allyship programs.
- Accessibility and Workplace Accommodations.
- Dynamic Ecosystem - Free tea & coffee, universal washrooms, and lots of space for team collaboration.
- Community Engagement opportunities.
About the Company
- 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.
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.