Scotiabank
Senior Manager, U.S. Liquidity Risk
Scotiabank, New York, New York, us, 10261
Requisition ID:
205341
Salary Range:
110,700.00 - 211,800.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
Serve as a key member of the U.S. Liquidity Risk team, playing an important leadership role with (1) enhancing the second line of defense independent review function; (2) reviewing and challenging key liquidity risk management processes managed by Treasury and business lines, (3) supporting the implementation and ongoing enhancement of the Firm's Liquidity Risk Assessment ("LRA"); and (4) developing complex data analysis techniques for use in the measurement of liquidity risk.
What You'll Do
Provide support in building, enhancing and executing the second line of defense roles and responsibilities to ensure U.S. Treasury and business activities, particularly related to liquidity and interest rate risk management, are in compliance with regulatory expectations and requirements and are consistent with the Bank's internal framework. Coordinate between Risk and Treasury functions, within the U.S. operations and at the group-level, on the initiatives associated with Liquidity Risk and governance. Lead regular deep dive process assessments and support annual Liquidity Risk Assessment process to identify key risks and propose limits and/or Key Risk Indicators to monitor and manage the risks. Support continuous enhancements to monitor interest rate risk (IRR) in the banking book and coordinate with Head Office Treasury and Risk functions on IRR activities. Enhance liquidity risk governance frameworks, policies, and procedures. Lead and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Monitor liquidity risk in both on- and off-balance sheet positions, particularly through liquidity stress test and FR2052a analytics, and challenge the Treasury function's designs and processes. Adapt to and work effectively with various individuals or groups in a variety of situations or adapt one's approach to accommodate changes in the situation, organization, or own job requirements. Understand and appreciate different and opposing perspectives on an issue. Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Code of Conduct. Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team. What You'll Bring
6+ years of experience in Treasury, Risk, or business line related functions Ability to frequently analyze large sets of data and concisely summarize key points to be used as management information. Strong verbal and written communication skills are required. Experience related to key Treasury functions including, funding/liquidity management, IRR, ALM, FTP, Funding Plan projection, CFP, and capital management is desired. The position will involve extensive interactions with constituents across various functions internally and externally including Risk, Treasury, IT, Finance, and key external stakeholders.
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.
Location(s): United States : New York : New York City
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.
205341
Salary Range:
110,700.00 - 211,800.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
Serve as a key member of the U.S. Liquidity Risk team, playing an important leadership role with (1) enhancing the second line of defense independent review function; (2) reviewing and challenging key liquidity risk management processes managed by Treasury and business lines, (3) supporting the implementation and ongoing enhancement of the Firm's Liquidity Risk Assessment ("LRA"); and (4) developing complex data analysis techniques for use in the measurement of liquidity risk.
What You'll Do
Provide support in building, enhancing and executing the second line of defense roles and responsibilities to ensure U.S. Treasury and business activities, particularly related to liquidity and interest rate risk management, are in compliance with regulatory expectations and requirements and are consistent with the Bank's internal framework. Coordinate between Risk and Treasury functions, within the U.S. operations and at the group-level, on the initiatives associated with Liquidity Risk and governance. Lead regular deep dive process assessments and support annual Liquidity Risk Assessment process to identify key risks and propose limits and/or Key Risk Indicators to monitor and manage the risks. Support continuous enhancements to monitor interest rate risk (IRR) in the banking book and coordinate with Head Office Treasury and Risk functions on IRR activities. Enhance liquidity risk governance frameworks, policies, and procedures. Lead and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Monitor liquidity risk in both on- and off-balance sheet positions, particularly through liquidity stress test and FR2052a analytics, and challenge the Treasury function's designs and processes. Adapt to and work effectively with various individuals or groups in a variety of situations or adapt one's approach to accommodate changes in the situation, organization, or own job requirements. Understand and appreciate different and opposing perspectives on an issue. Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Code of Conduct. Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team. What You'll Bring
6+ years of experience in Treasury, Risk, or business line related functions Ability to frequently analyze large sets of data and concisely summarize key points to be used as management information. Strong verbal and written communication skills are required. Experience related to key Treasury functions including, funding/liquidity management, IRR, ALM, FTP, Funding Plan projection, CFP, and capital management is desired. The position will involve extensive interactions with constituents across various functions internally and externally including Risk, Treasury, IT, Finance, and key external stakeholders.
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.
Location(s): United States : New York : New York City
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.