Senior Manager, Risk Management; Bilingual
Job in
Toronto, Ontario, M5A, Canada
Listing for:
Scotiabank
Full Time
position
Listed on 2026-03-13
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Financial Compliance
Job Description & How to Apply Below
Position: Senior Manager, Country Risk Management (Bilingual)
Is this role right for you?
In this role, you will provide support for:
Country Ratings Provide sound and timely country risk research and rating opinions to Senior Management, Banking and other Global Risk Management (GRM) areas, by monitoring economic, socio-political, and environmental events around the world that may impact the Bank’s exposure to countries or regions. Evaluate and recommend the appropriate IG risk rating for sovereigns and for capping cross-border risk assets, using sound risk analysis and employing the Bank’s internal rating methodology in a consistent, replicable, and transparent manner.
Coordinate with Banking and other departments for the preparation of strategy papers with respect to management of cross-border risk portfolios. Contribute to the development of sound analytical standards and the ongoing improvement of our risk rating methodologies, by researching and employing the latest best practices in country risk analysis and management.Cross-border Limits Evaluate and recommend appropriate cross-border limits to ensure the Bank’s cross-border risk exposure is effectively diversified, is appropriate relative to country risk, and supports the Bank’s business growth strategy. Coordinate requests for changes in cross-border limits with all key stakeholders (e.g. country and regional heads, product heads, other GRM areas) to ensure the recommendation to Senior Management represents a fair and balanced view between the need for the business and the need to protect the Bank from undue country risk.
Monitor adherence to cross-border limits and cross-border limit reporting requirements and recommend actions where negative trends or irregularities are identified. Contribute to ongoing development of cross-border methodologies, guidelines, processes and systems to improve the accuracy and timeliness of cross-border limit reporting.Credit Adjudication Conduct credit adjudication for selected Sovereign & Central Bank counterparties and provides prompt and sound recommendations (including relevant Country Risk, Cross-border Limit issues etc.) to Senior Management. Thoroughly review documentation to confirm the credit approved is correctly reflected and recommending amendments, as required, so that the Bank's interests are fully protected. Ensure compliance with other reporting requirements are adhered to and assess monthly/quarterly reporting packages per Bank guidelines.Reporting & Special Projects Contribute to the preparation of the annual Country Risk Board Report. Contribute to the preparation of quarterly Cross-Border Exposure and Enterprise Risk Management reporting. Undertake Special projects both within the group and with other areas.Development of Internal Country Risk Discipline Ensure Banking and other GRM areas receive appropriate and meaningful feedback on the identification and understanding of country risk as it impacts their portfolio, so as to ensure that cross-border risk assets are properly reported and evaluated in the credit approval process. Provide country risk research and opinions to Banking to support their sovereign credit proposals (and other cross-border credit proposals when requested), to ensure that country risk research is not duplicated in other areas of the Bank and that the country risk IG used by the Bank is consistent across the organizationDo you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
Post-Secondary Education in Economics or related field is requiredSound background in economics and political sciences and must keep abreast of international developments across all spectrums – political, economic, financial, regulatory, that may impact the Bank’s cross-border risk exposure.Strong Financial Analysis experience gained in the financial industry and ability to analyze complex financial statementsStrong oral and written communication skills.Ability to conduct business fluently in Spanish is required.Good organizational skills, as well as the ability to achieve multiple priorities while maintaining high quality work.Solid interpersonal and problem-solving skills. Ability to…
Position Requirements
10+ Years
work experience
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