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Senior Manager, U.S. Counterparty Credit Risk - Hedge Funds

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Scotiabank

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Data
    Banking & Finance
  • New York

AI generated summary

  • You should have a quantitative degree, strong finance knowledge, risk analysis skills, project management experience, excellent communication, and ideally, PowerBI proficiency. CFA/FRM/PRM progress is a plus.
  • You will oversee counterparty credit risk, engage with trading teams, review new products, analyze margin requests, participate in hedge fund credit reviews, and communicate with management and stakeholders.

Requirements

  • Quantitative Undergrad (eg. finance, mathematics, statistics, engineering) plus Masters preferred. Progress towards/completion of CFA/FRM/PRM an asset.
  • Good understanding of financial markets, risk analysis and derivatives valuation. Understanding of risk measurement concepts such as Greeks, VaR, PFE and stress testing is required.
  • Strong communication skills for calls with clients and internal stakeholders
  • Ability to manage projects independently while collaborating with different stakeholders.
  • Excellent work ethic and communication skills suited for a fast-paced trade floor environment.
  • Exceptional problem-solving skills.
  • Experience working with PowerBI is an asset.

Responsibilities

  • Counterparty Credit Risk Oversight – Oversee counterparty credit risk exposures for US activity. Help ensure adherence with Bank’s risk appetite and the business' mandate. Review risk limit reports and engage in discussions with the global team and trading management as appropriate.
  • Technology – Participate in enhancement / upgrade of production and risk systems as needed.
  • Partnership with Trading – Engage trading groups in a proactive manner to promote open communication between risk and trading.
  • New Product & Limit Adjudication – Review new product proposals and make recommendations on limit requests.
  • Margin Framework Adjudication – Review margin methodology as well as analyze margin exception requests and advise credit officers when needed.
  • Hedge Fund Credit Reviews – Participate in due diligence calls, perform a risk rating and opine on limits for hedge fund counterparties.
  • Communication – Communicate regularly with management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with other Bank stakeholders to achieve common objectives.
  • Regulatory & Audit – Participate in external and internal audits and resolution of findings.

FAQs

What is the salary range for the Senior Manager, U.S. Counterparty Credit Risk - Hedge Funds position?

The salary range is between $117,400.00 and $224,700.00, although the actual salary offered may vary based on the candidate’s relevant knowledge, skills, and experience.

Where is the job location for this role?

The position is based in New York City, United States.

What qualifications are required for this role?

A quantitative undergraduate degree in finance, mathematics, statistics, or engineering is required, with a Master's preferred. Progress towards/completion of CFA, FRM, or PRM is also considered an asset.

What skills are essential for a candidate applying for this position?

Essential skills include a good understanding of financial markets and risk analysis, strong communication skills, the ability to manage projects independently, exceptional problem-solving skills, and familiarity with PowerBI is an asset.

What are the primary responsibilities of this role?

Responsibilities include overseeing counterparty credit risk exposures, engaging with trading groups, reviewing new product proposals and margin methodologies, conducting hedge fund credit reviews, communicating trading activity and risk profiles, and participating in regulatory and audit activities.

Is previous experience in risk management required for this position?

While specific prior experience in risk management is not explicitly stated as a requirement, a strong understanding of risk analysis and derivatives valuation is necessary, implying that relevant experience would be beneficial.

Will the successful candidate need to communicate with clients?

Yes, strong communication skills are required for engaging with clients as well as internal stakeholders.

Is there an opportunity for professional development in this role?

Yes, the role encourages candidates to pursue further qualifications such as CFA, FRM, or PRM, indicating a focus on professional growth and development.

Are there any specific tools or software knowledge required for this role?

Familiarity with technology enhancements, specifically experience with PowerBI, is considered an asset for this position.

How does Scotiabank support employee well-being?

Scotiabank offers flexible benefits programs designed to support employees' unique family, financial, physical, mental, and social health needs, promoting holistic well-being.

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Scotiabank

Finance
Industry
10,001+
Employees

Mission & Purpose

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