Manager, Funds Risk Management - Hedge Fund Analytics

 
 
Requisition ID: #
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Trade Floor Risk Management (TFRM) is a team within Global Risk Management that measures and monitors market risk arising from Scotiabank GBM's trading and treasury activities of Global Banking and Markets (GBM), Group Treasury (GT) and International Banking (IB).
TFRM – Funds Risk Management is liable for market risk adjudication and monitoring of the credit related business and Prime Services businesses, as well as credit risk adjudication of the Bank's Hedge Fund counterparties and other fund counterparties. The group also assists the business development process by providing advice and guidance to make deals more bankable and contributes to the maintenance of acceptable portfolio quality by applying suitable risk measurement and monitoring methodologies.
TFRM -Funds Risk Management- Hedge Fund Analytics is liable principally for market risk adjudication, monitoring, and development of risk measurement methodologies for the Bank's Credit TRS portfolio, CLO warehousing and other credit related business. The team works closely with the Credit Derivatives Sales and Trading desk, and middle/back-office teams that assist this business. The team provides margin sufficiency analysis for Prime Services and CMF portfolios. The team also assists TFRM - Hedge Funds Credit as needed.
 
Job Responsibilities:
-Ensure the market risks in the Bank’s Credit TRS portfolio, CLO warehousing and other credit related business are controlled, and reported in accordance with the Bank’s policies, procedure and risk appetite. 
-Management, review, and adjudication of new Credit TRS transactions as well as amendments on a timely basis.
-Review of the comprehensive deal monitoring and collateral management system for Credit TRS transactions. For this activity, the incumbent needs to be highly proficient in Excel.
-Assist in the annual review of the Credit TRS business, as well as interim amendments to the associated policies and guidelines.
-Contribute to development and enhancement of reporting processes. For this activity, knowledge of programming language and keen interest to learn new languages is necessary.
-Develop and/or implement necessary tools and processes to increase accuracy and add efficiencies.
-Contribute to the structuring of trades through effective partnership with the sales and trading team and ensure the terms of the trades comply with our policies/guidelines and are within Scotiabank's risk appetite.
-Assist the business with regards to daily activities and ad-hoc requests.
-Develop and produce reports to senior management on the overall Hedge Fund portfolio as well as individual counterparties.
-Keep abreast of developments in the leveraged loan, high yield bond, and middle market loans markets.
-Contribute to the department's goals and objectives through active participation in projects and initiatives.
Job Requirements:
-Undergrad or master’s degree in a relevant subject such as Finance, Economics, or equivalent work experience.
-Minimum 2 years of experience in a capital market related field.
-Proficiency with Excel and knowledge of a programming language.
-Knowledge of Python and Tableau is considered an asset.
-Excellent social skills and a team player
-Solid analytical and problem-solving skills and high attention to details.
-Strong verbal and written communication skills.
-Robust organizational skills with the ability to work in a demanding environment and handle multiple deadlines and priorities.
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.