Senior Market Risk Analyst Requisition ID: 232199 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **_Purpose_** Support oversight of market risk and market risk related controls/processes/governance on traded products in the bank. Contributes to the overall success of the Trade Floor Risk Management / Global Risk Management department in the UK ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. **_Accountabilities_** This job requires the incumbent to understand and support the oversight of market risk in the trading portfolio, be the central contact coordinating responses on VaR/Stress testing/Capital related queries, and to contribute towards governance activities undertaken by Trade Floor Risk Management team as/when required. The role is envisaged to rotate across business lines within market risk team over time to provide the incumbent with exposure to multiple traded products. Responsibilities include: • RISK OVERSIGHT - Support the team on risk oversight BAU tasks, assist in providing market risk analysis and recommendations on limit requests and business annual review. • PROCESS – Enhance the process design complies with the bank and local requirements. • Central office – Coordinate with the team on administrative tasks such as ALCO reporting and collating information for enterprise risk. • TECHNOLOGY - Help the team with report automation and migration to Power BI and Tableau from manual excel reporting. Liaise with the Bank’s Technology group for new initiatives or changes that may impact London risk MIS. • PARTNERSHIP – Although working in a control function and acting as a second line of defense, it is essential to work in partnership with the Trading Desk, Product Control and Operations units as well as peer TFRM across the globe. • VaR/STRESS TESTING – o Own branch VaR and stress testing reporting locally, monitor branch level limits and coordinate and assist the team in business line investigation, weekly and monthly trend and reporting. o Assist the team to enhance analytical tool to understand driver of VaR and stress test results. o Stress testing – actively engage with the head office to enhance stress testing methodology and scenarios, adding insight from European perspective. o Assist the team in understanding FRTB methodology and building tools to estimate impact analysis. • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct. • Contributes to a high performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team. **_Dimensions_** Rotating across trading activities undertaken out of London. London capital market includes Prime services and Repo business which provides clients financing, FX business, Fixed income bond trading and swap derivative business where we market making and service clients. **_Education / Experience_** • The incumbent must have a basic knowledge of financial products • The incumbent will require a basic knowledge of risk metrics (sensitivities, VaR and stress testing) • Risk Management related experience in the financial services industry and passions about financial markets. • Strong numerical and computational skills required particularly in MS Excel, VBA. Experience in Bloomberg, Power BI, Tableau and programming is preferred. • Good interpersonal and communication skills required. • Ability to work in a fast-paced environment with multiple priorities Location(s): England : Greater London : London (UK) 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.