Requisition ID: 274718
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Treasury Risk Management (TRM) provides independent oversight of the Bank’s liquidity, collateral, and structural balance sheet risks (SIRR), as well as fund transfer pricing (FTP), hedging, and investment activities executed by Group Treasury and other treasury units globally.
The Director, Business Line Liquidity Risk & FTP Oversight, is responsible for leading independent, second-line oversight of business-line liquidity risk and FTP across Scotiabank’s Global Capital Markets (GCM), Global Transaction Banking (GTB), and Canadian Banking (CB) activities, ensuring liquidity risks arising from business strategies and balance sheet usage are identified, measured, monitored, and controlled in compliance with regulatory requirements, internal policies, and the Bank’s risk appetite.
This leadership role is accountable for the design and execution of a robust liquidity risk & FTP oversight framework, with a focus on balance-sheet intensive financing activities across complex institutional trading desks (e.g., Prime Brokerage, Futures and Clearance Solutions, Collateral Management & Funding, etc.). This role provides timely insights to Senior Management and Committees to support sound balance sheet, liquidity, and pricing discipline.
Is this role right for you? In this role, you will:
- Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, data, and knowledge.
- Provide strategic direction for providing liquidity risk oversight through a robust framework including:
- Risk Identification & Measurement - Establish and monitor key liquidity risk indicators capturing funding stability and concentrations across funding sources, counterparties, and tenors.
- Balance Sheet and Liquidity - assess the impact of financing activities (e.g., funding diversification, maturity profile, margin and collateral flows, etc.) on the Bank’s balance sheet and liquidity metrics, including Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
- FTP - oversee the independent review, validation, and governance of FTP methodologies, curves, assumptions, liquidity premiums, policy adherence, exceptions, and regulatory alignment, supported by documented risk assessments.
- Stress testing - review, and challenge liquidity stress testing assumptions in the Bank’s internal liquidity stress testing (iLST) framework, with particular focus on balance-sheet intensive financing activities.
- Drives automation and data analytics initiatives to improve risk governance, enable business growth, and enhance operational resilience across multiple data sources.
- Accountable for recommendations of liquidity risk limits for all business activities through Delegated Authority or escalation to the Treasury Risk Committee (TRC) and/or Market Risk Management & Policy Committee (MRMPC).
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.
Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
- Master’s degree (e.g., Master of Finance, Master of Financial Risk Management, etc.)
- CFA and/or FRM certifications are an asset.
- 10+ years of progressive experience in liquidity risk, FTP, or related risk-management functions within a global financial institution, with exposure to securities financing activities such as Prime Brokerage, Futures and Clearance Solutions, and Collateral Management & Funding.
- Experience with cross-product margining across equities, fixed income, derivatives, and securities financing within a unified risk framework is a must.
- Demonstrated knowledge of, and experience with, FTP principles, including funding curves, liquidity premiums, behavioral assumptions, business-line incentive alignment, ALCO governance, and regulatory expectations are required.
- Deep knowledge of liquidity risk metrics and frameworks, including LCR, NSFR, internal liquidity stress testing, collateral management, secured financing, and balance sheet constraints.
- Demonstrated experience with regulators, internal/external audit, model or methodology governance, and control functions in a global banking or capital markets environment.
- Strong communication skills with proven experience managing teams in high-volume, risk-sensitive environment within a global banking and capital markets context.
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to support your growth and enhance your skills.
- A competitive compensation and benefits package.
- An organization committed to making a difference in our communities– for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
Location(s): Canada : Ontario : Toronto
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.