Associate, Global Analytics and Financial Engineering - Toronto

Title: Associate, Global Analytics and Financial Engineering - Toronto

Requisition ID: 210521

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Global Analytics and Financial Engineering is a critical function within the Bank’s Global Banking and Markets division. The modelers in the department provide the models for pricing and risk management across the business lines. The models developed by the department are used for pricing, hedging, internal and external capital, and trading limits. The associate will be focusing on projects relating to model performance monitoring, computation of initial margin and model governance. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You'll Do:

1. Ensure newly developed models or changes to existing models meet regulatory requirements (e.g., risk sensitivities, residual risk add-ons, etc.) for FRTB capital calculations.
2. Assist in conducting and documenting ongoing performance monitoring of front-office pricing models.
3. Work to streamline ongoing monitoring processes where applicable.
4. Assist in conducting testing and ongoing monitoring of the initial margin model implemented at the Bank.
5. Assist in preparing timely responses to requests from regulatory bodies and/or auditors around model performance monitoring and initial margin computation.
6. Provide subject matter expertise to internal stakeholders regarding ongoing monitoring, initial margin or other regulatory model usage.
7. Champion a high performance environment and contribute to an inclusive work environment.
   

What You'll Bring:

1. Doctorate or Master’s degree in quantitative finance, mathematics, computer science, physics, or other quantitative areas.
2. 1-3 years’ experience in a relevant area such as model validation, regulatory projects, model governance or other relevant areas.
3. Demonstrable knowledge of numerical methods and computational modelling: for example, finite difference / finite element, Monte Carlo simulation, optimization, artificial intelligence.
4. Strong programming skills in C++ or Python and the willingness to learn other programming languages.
5. Knowledge of ISDA Standard Initial Margin Model (SIMM) is considered an asset.
6. Strong organizational, analytical skills and attention to detail are a must.
7. Excellent verbal and written communication and interpersonal skills.
8. Ability to work collaboratively in a fast-paced environment.

Work Arrangement:
This position is currently a hybrid role, with the expectation that you will work at least 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.