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Senior Manager, Trade Floor Risk Management

Job in Toronto, Ontario, M5A, Canada
Listing for: Scotiabank
Full Time position
Listed on 2026-03-03
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Consultant
Job Description & How to Apply Below

Is this role right for you?

In this role, you will:
  • Market Risk – Oversee market risk exposures for GFI Credit and XVA desks and communicate to TFRM management on trading risks, trader sentiment and market conditions. Help ensure adherence with Bank’s risk appetite and the business' mandate. Review daily P&L, risk and limit reports, and engage in discussions with the global team and trading management as appropriate.
  • Partnership with Trading – Engage trading groups in a proactive manner to promote open communication between risk and trading.
  • Limit Adjudication – Review and make recommendations to TFRM management on limit change requests.
  • Communication – Communicate regularly with TFRM management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with other Bank and GRM stakeholders to achieve common objectives.
  • Regulatory & Audit – Participate in external and internal audits and resolution of findings and participate in key regulatory initiatives (e.g. FRTB).
  • Technology – Participate in enhancement / upgrade of production and risk systems as needed (e.g. Tableau, Python etc.)
  • Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Experienced with fixed income and market risk related to OTC derivative products including credit exposure and mitigants, funding costs, etc.
  • Strong analytical and problem solving skills with the proven record of creativity and innovation.
  • Solid understanding of risk measurement concepts and methodologies such as DV01, CS01, FRTB, Stressed Testing, VaR etc.
  • Ability to lead and manage projects independently while collaborating with different stakeholders.
  • Proficiency at integrating and preparing large varied datasets. Experience in the use of data analysis, reporting and visualization tools, e.g. Tableau.
  • Excellent work ethic and communications skills with a focus on collaboration and team work and suited for a fast-paced trade floor environment.
  • Quantitative undergraduate degree (e.g. finance, mathematics, statistics, and engineering) plus Masters preferred (e.g. MFE, MMF, or MBA).
  • Progress towards or completion of FRM/PRM/CFA an asset.
  • Programming and data visualization experience, e.g. VBA, Python, Tableau
  • Quantitative undergraduate degree (e.g. finance, mathematics, statistics, and engineering) plus Masters preferred (e.g. MFE, MMF, or MBA).
  • Progress towards or completion of FRM/PRM/CFA an asset.
  • Programming and data visualization experience, e.g. VBA, Python, Tableau.
  • What’s in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package:
    Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.
  • Position Requirements
    10+ Years work experience
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