Senior Manager, Liquidity Risk - Scotiabank, Toronto

Role Overview

The Global Treasury Market and Liquidity Risk Management Group at Scotiabank plays a crucial role in shaping the Bank’s risk appetite and governance framework. This group provides independent oversight of the Bank's liquidity and structural balance sheet risks. As a Senior Manager, Global Liquidity Risk Management, you will hold a pivotal position within the Bank’s Liquidity Risk Oversight function, expected to provide forward-looking insights that contribute to the successful execution of the overall Liquidity Risk Management Mandate. Scotiabank's globally recognized approach to risk management balances sound judgement, effective tools, collaboration, and oversight.

Your Impact

In this role, your contributions will be vital to maintaining the Bank's robust liquidity risk management framework. You will:

• Review and analyse liquidity risk data and metrics to provide value-adding and forward-looking insights into the Bank’s liquidity risk profile in support of the Enterprise Liquidity Risk Management Mandate.
• Collaborate with Group Treasury and business lines (i.e., Global Banking and Markets, Canadian Banking, International Banking, Wealth Management) to proactively identify vulnerabilities and seek opportunities for optimization of the balance sheet and funding programs.
• Partner with Group Treasury, Capital Markets and Retail business lines to provide effective challenge and review of Internal Liquidity Stress Testing models, methodologies and assumptions.
• Actively seek opportunities to enhance the liquidity risk management framework, including risk assessment, metric development, procedures and methodology.
• Drive the implementation of best practices and analytical techniques for evaluating and quantifying the liquidity risk impact of the Bank’s products and strategies.
• Provide subject matter expertise on liquidity risk management and related regulations, including providing input for liquidity risk related policies and guidelines for the Bank's international branches and subsidiaries.
• Play a leading role in the application of technology to enhance liquidity risk analysis, monitoring and reporting.
• Communicate and incorporate the relevant risk appetite statement and risk appetite measures, in alignment with the Bank’s risk culture, into activities so as to embed prudent risk taking into day-to-day management, planning and decision-making.
• Implement controls and processes to effectively identify, report and monitor risk.
• Ensure timely action is taken to effectively manage and mitigate risks, including prompt escalation of breaches of management limits or risk appetite measures as per established processes.

Requirements

To succeed in this Senior Manager role, we are looking for candidates with a strong blend of academic background, professional experience, and key competencies:

• University degree in Finance or related discipline with a post-graduate degree (e.g., Master of Finance, MBA, etc.) is required.
• CFA/FRM designation preferred.
• 5+ years of experience in Capital Markets/Treasury/Risk Management functions is required.
• Strong knowledge of a broad range of capital markets (e.g., Structured finance: securities financing transactions (SFTs), conduits, securitized transactions, etc.) and deposit (e.g., corporate, retail, etc.) products is required.
• Understanding of bank Treasury functions and funding programs is an advantage.
• Liquidity Risk management experience is beneficial.
• Knowledge of Basel III and related regulatory frameworks is beneficial.
• Familiarity with liquidity stress testing methodologies and processes is beneficial.
• Demonstrated analytical and problem-solving skills.
• Strong verbal and written communication skills.
• Relationship building and collaboration.

Who You'll Work With

You will join a purpose-driven, winning team committed to results within an inclusive and high-performing culture. Collaboration is key, as you will partner with Group Treasury, Capital Markets, and Retail business lines across the Bank. Scotiabank is dedicated to attracting, developing, and rewarding a diverse group of high-performing employees, fostering an environment that encourages creativity, curiosity, and celebrates success. We implement a people strategy that attracts, retains, develops and motivates our team by fostering an inclusive work environment and using a coaching mindset and behaviours, communicating vision/values/business strategy, and managing succession and development planning for the team.