Senior Manager, Capital Markets Stress Testing and Data Analytics

Requisition ID: 214719

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

About the Role

Are you a strategic thinker with expertise in market risk, counterparty credit, stress testing and/or data analytics? Do you thrive in an environment that challenges you to lead innovative approaches to risk management in the ever-evolving capital markets landscape? If so, we invite you to join our dynamic risk management team as a Senior Manager, Capital Markets Stress Testing and Data Analytics.

As the team continues to grow in response to increasing complexity and regulatory requirements, this high-impact role offers the opportunity to design, implement, and enhance stress testing frameworks for market risk and counterparty credit risk, leverage data analytics, shape risk assessments, and drive actionable insights that support critical decision-making for business and management. You'll work alongside an exceptional team to have a direct impact on the Bank's risk management strategy, ensuring robust and accurate stress testing processes that support informed decision-making, regulatory compliance, and the Bank's overall risk appetite.

About the Team

Capital Markets Stress Testing and Data Analytics is at the center of several initiatives for both market and counterparty credit risk. This is a cross-functional group of risk professionals, quantitative analysts, and data experts, working together to support the Bank's broader risk management strategy. The focus is to provide in-depth analysis for stress testing scenarios and utilizations, ensure capital adequacy, and promote proactive risk management across all trading desks and portfolios. Close partnerships are maintained with senior leaders, trading desks, product specialists, model development, model validation, regulatory compliance, and technology.

The team's responsibilities span several key areas:

• Elevate Stress Testing: We lead initiatives to integrate stress testing into the firm's risk culture, ensuring it is embedded across all capital markets products and enterprise exposures. This includes the design of stress scenarios, conducting scenario analysis for all trading books, and providing portfolio analysis to assess the impact on risk profiles. We aim to effectively use stress testing for decision-making, risk identification, and resilience planning.
• Stress Testing Methodology: Our team is responsible for developing, refining, and enhancing stress testing methodologies for both market risk and counterparty credit risk. We focus on risk modelling (valuations and analytics), including but not limited to scenario design, scenario calibration, scenario generation, and implementation. We ensure our models align with best practices, accurately reflect the dynamics of the markets and counterparty exposures and help anticipate potential vulnerabilities in times of stress or market disruption.
• Enterprise-Wide Stress Testing: We participate in Enterprise-Wide Stress Testing as subject matter expert for market risk and/or counterparty credit risk in the firm's response to regulatory requirements, ensuring compliance with key frameworks and global standards. This involves coordinating with internal stakeholders, ensuring that all regulatory submissions are accurate, timely, and aligned with both internal risk models and external expectations.

Is this role right for you?

This role is ideal for an energetic expert with a strong background in capital markets, particularly in market risk or counterparty credit risk. You will be pivotal in developing, implementing, and enhancing stress testing programs and managing the market data that supports market risk processes. Leadership in this role will elevate stress testing as a critical tool for decision-makers and risk managers, whether by spearheading initiatives related to stress testing and market data or by providing expert consultation on counterparty credit risk exposure.

Additionally, this role is ideal for someone with a mindset of continuous learning and a keen interest in capital markets. Thriving in a high-performance environment within a diverse team, this role serves as a role model to attract, develop, and motivate future talents.

Job Responsibilities

• Leadership: Work collaboratively with cross-functional teams, including trading desks, product specialists, technology, and regulatory affairs, to move projects forward. Mentor and develop talents within the team.
• Strategic Risk Insights: Lead and manage comprehensive stress testing programs that evaluate both market risk and counterparty credit risk. Utilize stress testing results to inform business, management and risk committees on potential vulnerabilities and risk mitigation strategies. Provide actionable insights that help shape the firm's strategic and operational decisions.
• Scenario Design: Keep a pulse on financial markets by streamlining a framework for plausible scenarios for real-time situations. Work closely with product specialists and trading desks to design tailored scenarios for new products.
• Stress Testing Analysis: Design and enhance stress testing analytical tools for scenarios and exposures. Ensure relevant market data is seamlessly integrated into stress testing models, and work with market experts to identify relevant trends and emerging risks.
• Methodology Enhancement: Drive the development and continuous enhancement of methodologies for market risk and counterparty credit risk stress testing, throughout the entire model development, implementation, and review cycle.
• Regulatory and Compliance: Lead the Bank's market risk and/or counterparty credit module(s) in response to regulatory stress testing requirements. Regularly review and update the stress testing framework, policy, and process.

Do you have the skills that will enable you to succeed in this role?

• 5+ years of experience in capital markets, with a focus of either market risk or counterparty credit risk, including stress testing; 2+ years of experience with direct reports.
• Experience working with market data, pricing models, portfolio analysis and risk management tools. Proficient with risk management software and analytics tools (e.g., Python, Bloomberg, SQL, PowerBI) and experience working with large financial datasets.
• Hands-on experience in designing, executing, and analyzing stress testing scenarios is a plus.
• Creative problem-solving with proven leadership skills to manage and move projects forward in a fast-paced environment.
• Exceptional quantitative and analytical skills, with the ability to simplify complex concepts.
• Strong communication, presentation, and interpersonal skills with the ability to influence and collaborate across departments and levels of seniority.
• Passion in coaching, with ability to guide and inspire future talents.

What's in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• Be at the forefront of innovation in risk management, utilizing cutting-edge tools, methodologies, and data analytics.
• A rewarding career path with diverse opportunities for professional and executive development.
• A comprehensive compensation and benefits package.
• An organization acted to make a difference in our communities - for you and our customers.

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 apply directly 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.