Manager, U.S. Market Risk

About the role

Join a purpose-driven, results-oriented team in an inclusive and high-performing culture. The Manager will be part of a team responsible for market risk management across Scotiabank U.S. trading business lines, with key responsibilities in market risk monitoring, reporting, limit setting, breach identification and remediation.

Responsibilities

• Daily reporting and monitoring of U.S. market risk metrics across multiple product groups, with specialization in FICC (Fixed Income, Currencies, Commodities), specifically in Rates, and Collateral Management & Funding.
• Identify market risk limit breaches, verify accuracy, discuss remediation actions with trading desks, and follow up with reporting on causes, actions taken, and next steps.
• Enhance market risk reporting using Power BI, SQL, Python, and proprietary systems; work with local and global teams on improvements and remediation.
• Present materials to global Trade Floor Risk Management (TFRM) teams to educate on project work.
• Prepare daily morning synopses of market developments in assigned concentration areas, staying current with macro themes and intraday developments.
• Prepare monthly and quarterly reports for committees and regulators.
• Create periodic U.S. Chief Risk Officer (CRO) dashboards and ad-hoc reports or presentations to inform management of key initiatives, risks, and issues.
• Partner with trading desks and business lines by facilitating risk requests and providing risk insights grounded in front-office mechanics and valuation drivers.
• Lead the Volcker monitoring process in the U.S. in collaboration with Toronto teams to ensure compliance with Volcker policies and contribute to the annual Volcker attestation process.
• Recommend changes to valuation methodology in partnership with Product Control; maintain official rate source documentation for covered products.
• Identify risk-taking activities and valuation issues through oversight of daily P&L attribution analysis.
• Produce limit and risk reports for FICC-related trading desks, perform breach remediation discussions, and assist in establishing or revising desk limit structures (total notional, VaR, stress testing limits, and other risk sensitivities).
• Respond daily to front-office risk needs, questions, and provide effective challenge to justify limit change requests.
• Participate in the end-of-month Independent Price Valuation (IPV) process with Product Control.
• Represent TFRM at the global Market Risk Management Policy Committee; participate in internal audits, regulatory reviews, and projects.
• Drive a customer-focused culture that strengthens client relationships and leverages broader bank resources.
• Build and sustain a high-performance environment by fostering an inclusive workplace, coaching the team, communicating vision and values, and managing succession and development planning.

Requirements

• Undergraduate degree required, preferably in Finance/Accounting, Economics, Engineering, Math, or the hard sciences; graduate degrees are welcome.
• 3+ years of experience in risk management or related activities.
• Knowledge and experience in rates risk, credit risk, and financing of collateral through Collateral Management & Funding (CMF)/Repo or Prime Services.
• Strong working knowledge of Power BI, SQL, Python, Tableau, Microsoft Excel, and PowerPoint.
• Excellent communication and writing skills for intra-risk, committee, regulatory, and front-office discussions; experience drafting policies, procedures, or briefs.
• Ability to interface effectively with stakeholders including front-office personnel, operational risk, and front-office management.
• Highly organized and able to work in a fast-paced, multi-stakeholder environment while managing multiple priorities.
• Proactive decision-maker who takes initiative in time-sensitive environments and liaises with internal and external parties.

Skills

• Practitioner’s approach to solving risk issues with a deep understanding of front-office mechanics, fixed income trading and valuation, and a strong risk/reward mindset.
• Practical experience using SQL, Python, and Power BI for business analysis and problem solving.

Pay

Salary offered will be based on the successful candidate’s relevant knowledge, skills, and experience. The salary range guideline is $90,000.00 – $167,200.00.