Scotiabank · 9 hours ago
Senior Manager, U.S. Trade Floor Risk Management, Global Risk Management
New York, NY
Full-time
Onsite
Senior Level
$121K/yr - $231K/yrScotiabank is a leading bank in the Americas, committed to results and fostering an inclusive culture. The Senior Manager for U.S. Trade Floor Risk Management will oversee market risks for Mortgage Trading desks, establish risk limits, and collaborate with various teams to ensure effective risk management and compliance.
BankingFinanceFinancial Services
Responsibilities
Be the primary market risk management lead for the U.S. Mortgage Business in its entirety
Be responsible for the establishment of risk limits related to all of the Mortgage businesses, risk reporting, capital calculations under FRTB, breach discussions and remediation, as well as be instrumental in the business review process
Have significant interaction with the front office to solidify a strong cooperative relationship between risk and the front office. This aspect also involves participation in the setting of Volcker metrics for these desks along with advising the desk about the rule
Be participating within a much larger risk management team in the U.S., as well as within a global Trade Floor Risk Management effort
Produce significant market risk material and analysis to be used in local and global risk committees, including business risk metrics, top and emerging market risks, as well as risk support and challenge to the various businesses
Be presenting and interfacing with the various regulators that oversee the bank including the Fed, OSFI, the DFS, and others. This will involve working closely with the bank’s Regulatory Relations team
Require significant interaction with the Financial Engineering/Modeling team, the Market Risk Model Development team, the Model Risk team, the Data Governance team, as well as the Risk Technology effort
Require an understanding of the modeling effort’s design and capture of the various risk factors generated by all facets of the business. This may require frequent interaction with the Model Risk team to discuss the sufficiency of the risk models used for each business
Work closely with other risk partners within the bank including Operational Risk, Compliance, Internal Control, and others within Financial and Non-Financial Risk
Produce Mortgage Trading risk reports with utilizations against limits, and perform breach remediation discussions and resolutions
Working with the front office, help in establishing and revising the desk limit structures including total notional, VaR, Stress Testing Limits, and other risk sensitivities
Respond on a daily basis to front office risk needs, questions, and provide challenge to confirm justification for limit change requests
Participate in the end of month IPV (Independent Price Valuation) process working closely with Product Control
Drive a customer-focused culture that deepens client relationships and leverages broader Bank relationships, systems and knowledge
Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors, communicating vision/values/business strategy, and managing succession and development planning for the team
Create an environment in which the team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and other policies
Assist in the training and development of junior members of the team, which includes putting direct reports in situations where they can present transactions and gain visibility within the organization
Effectively communicate with senior management, head office and the relevant Risk Committees to ensure proper risk management and sound corporate governance across the SBUS operations
Represent TFRM when necessary at the global Market Risk Management Policy Committee
Participate in, and assist with, internal audits, regulatory reviews, and projects
Qualification
Required
Significant interaction with the front office to solidify a strong cooperative relationship between risk and the front office
Participation in the setting of Volcker metrics for these desks along with advising the desk about the rule
Produce significant market risk material and analysis to be used in local and global risk committees
Presenting and interfacing with the various regulators that oversee the bank including the Fed, OSFI, the DFS, and others
Require significant interaction with the Financial Engineering/Modeling team, the Market Risk Model Development team, the Model Risk team, the Data Governance team, as well as the Risk Technology effort
Understanding of the modeling effort's design and capture of the various risk factors generated by all facets of the business
Work closely with other risk partners within the bank including Operational Risk, Compliance, Internal Control, and others within Financial and Non-Financial Risk
Produce Mortgage Trading risk reports with utilizations against limits, and perform breach remediation discussions and resolutions
Working with the front office, help in establishing and revising the desk limit structures including total notional, VaR, Stress Testing Limits, and other risk sensitivities
Respond on a daily basis to front office risk needs, questions, and provide challenge to confirm justification for limit change requests
Participate in the end of month IPV (Independent Price Valuation) process working closely with Product Control
Drive a customer-focused culture that deepens client relationships and leverages broader Bank relationships, systems and knowledge
Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team
Create an environment in which the team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values
Assist in the training and development of junior members of the team
Effectively communicate with senior management, head office and the relevant Risk Committees
Represent TFRM when necessary at the global Market Risk Management Policy Committee
Participate in, and assist with, internal audits, regulatory reviews, and projects
Benefits
Flexible benefit programs
Holistic well-being
Company
Scotiabank
Scotiabank is a banking firm that provides banking and financial services.
Founded in 1832
10001+ employees
H1B Sponsorship
Scotiabank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
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Trends of Total Sponsorships
2025 (52)
2024 (55)
2023 (29)
2022 (38)
2021 (38)
2020 (15)
Funding
Current Stage
Public CompanyTotal Funding
$1.07B2024-04-17Post Ipo Debt· $1.07B
1972-03-01IPO
Leadership Team
Jabar Singh
President & CEO Scotiabank Colpatria (Colombia) & Head Central America & Caribbean
L.Scott Thomson
President and CEO
Recent News
Canada NewsWire
2026-01-16
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