Senior Manager, U.S. Trade Floor Risk Management, Global Risk Management

Senior Manager, U.S. Trade Floor Risk Management, Global Risk Management

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Trade Floor Risk Management role will be to monitor the risks generated by all Mortgage Trading desks in the U.S. including Agency MBS / TBA's, CMO's, Non-Agency RMBS, as well as Whole Loan Trading. The risk manager will be part of a team co-located on the trading floor, working closely with other product specialists. The role will also include interfacing with the Houston-based mortgage lending and origination teams as the business expands. The role will also include opining on the suitability of certain mortgage collateral types as well as haircuts that the Repo desk will be financing with the bank's clients.

The Senior Manager will :

• Be the primary market risk management lead for the U.S. Mortgage Business in its entirety.
• Be responsible for the establishment of risk limits related to all of the Mortgage businesses, risk reporting, capital calculations under FRTB, breach discussions and remediation, as well as be instrumental in the business review process.
• Have significant interaction with the front office to solidify a strong cooperative relationship between risk and the front office. This aspect also involves participation in the setting of Volcker metrics for these desks along with advising the desk about the rule.
• Be participating within a much larger risk management team in the U.S., as well as within a global Trade Floor Risk Management effort.
• Produce significant market risk material and analysis to be used in local and global risk committees, including business risk metrics, top and emerging market risks, as well as risk support and challenge to the various businesses.
• Be presenting and interfacing with the various regulators that oversee the bank including the Fed, OSFI, the DFS, and others. This will involve working closely with the bank's Regulatory Relations team.
• Require significant interaction with the Financial Engineering / Modeling team, the Market Risk Model Development team, the Model Risk team, the Data Governance team, as well as the Risk Technology effort.
• Require an understanding of the modeling effort's design and capture of the various risk factors generated by all facets of the business. This may require frequent interaction with the Model + Risk team to discuss the sufficiency of the risk models used for each business.
• Work closely with other risk partners within the bank including Operational Risk, Compliance, Internal Control, and others within Financial and Non-Financial Risk.

Accountabilities :

Interested? If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you? Scotiabank wants you to be able to bring your best self to work and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.