Associate Director, Hedging, Planning And Analysis

 
 
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Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Balance Sheet Management (BSM) Hedging - Planning and Analysis, within Group Treasury, is responsible for developing policies and strategic framework for the Bank’s Structural Interest Rate Risk (SIRR) and Structural Foreign Exchange Risk (SFER). This team plays a very active role in developing and implementing initiatives to manage dynamic exposures due to embedded optionality and customer behaviors. As hedging involves use of both on and off-balance sheet products, which can entail significant complexity, this team acts as a central point of contact for developing and operationalizing processes by collaborating with multiple stakeholders in Finance, Risk, Accounting policy, capital management, Hedge accounting etc. The team is also responsible for developing foreign exchange hedging strategies, exposure tracking, reporting to senior management and various bank Asset & Liability Committees (ALCOs).
The Associate Director will be responsible for developing and maintaining a comprehensive framework for structural interest rate and foreign Exchange risk management.
 
Is this role right for you? In this role, you will be responsible for:
 
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-Working with internal systems and data to enhance the Bank’s Earning sensitivity framework to facilitate the assessment of potential opportunities and risks and track on-going forecast / hedging strategy performance.
-Actively engaging and collaborating with multiple stakeholders in GRM, Finance, capital management hedge accounting and other support functions to enhance and maintain the Bank’s SIRR and FX management frameworks and reporting.
-Preparing high quality reporting packages to GT senior management and various ALCO’s.
-Maintaining and enhancing balance sheet and FX risk reporting models to supports hedging decisions.
-Researching and developing tools to facilitate tracking of embedded optionality including mortgage commitments, cashable term deposits, customer behaviour modelling and support daily hedging processes.
-Ad hoc projects as assigned, particularly related to assessing interest rate risk in the banking book and impact across the different business lines and to the Bank’s bottom line.
 
Do you have the skills that will enable you to succeed? We’d love to work with you if you have the following:
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-5+ years of experience in Asset Liability Management, Financial Analysis, Capital Market and/or Market Risk related function areas
-Deep understanding of banking book products, fixed income and interest rate derivatives, global markets, hedging strategies, and hedge accounting
-Attention to detail and focus on accuracy.
-Experience in capital markets products as well as comprehension of trading concepts and strategies
-The ability to take initiative, work independently and collaborate with multiple partners and stakeholders in Finance, GT-Markets, Strategic Transactions, Product control and others.
-Masters/PhD in Finance, Business, Engineering, Applied Mathematics, Computer Science or Economics
-CFA charter holder preferred.
-Strong proficiency in data management is required. Programming capability in Excel (VBA), Bloomberg, MATLAB or SQL is highly desirable.
-Excellent verbal and written communication skills, with the ability to understand and explain the relationship and constraints between risk management, margin optimization, and accounting treatment.
-Expert understanding of interest rate derivatives in valuation, risk management and funds transfer pricing application.
-Fluency with features and financial risks associated with trading and banking products
-Superior analytical and quantitative skills
-Self-starter, proactive and take action with minimal supervision
-Ability to stay organized and balance a number of deliverables
 
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.
 
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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, please click here. Candidates must 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.