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- Tasks: Manage risk for our European PS and repo platform while supporting business growth.
- Company: Join Scotiabank, a leading bank in the Americas with a commitment to inclusivity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional development.
- Why this job: Be part of a purpose-driven team making a real impact in finance.
- Qualifications: Experience in prime brokerage risk and strong communication skills required.
- Other info: Dynamic role with excellent career growth potential in a supportive environment.
The predicted salary is between 43200 - 72000 £ per year.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose: Manage risk for the European PS and repo platform. This role is within the business, which has experienced rapid growth recently. This role will support the continuing expansion of the business. The primary focus will be on PS with additional support for the repo business.
Accountabilities:
- Analysis of counterparty risk across a variety of client types, with a focus on hedge funds.
- Sales support: assist the sales force by discussing margin and risk appetite with clients; analyze prospective client portfolios and provide margin analyses; work with internal groups to get credit approval.
- Negotiate risk- and margin-related legal terms with clients; work with internal and external counsel on margin lockup agreements.
- Coverage: day-to-day coverage of the margin process for clients on the European PS platform; answer client inquiries about margin.
- Work with the firm’s independent risk management function to manage market, credit, liquidity, and operational risk.
- Design and improve risk, margin, and control reports for clients and management; write business requirement documents and create report prototypes for IT; work with IT on implementation and validation; work with the product development team to manage and prioritize tasks.
- Monitor client and business line credit limits and utilization; work with internal groups to manage limit breaches.
- Develop and refine procedures.
- Support senior management with ad hoc queries and audits.
- Address questions coming from local regulators.
Experience/Education:
- Background in prime brokerage risk.
- Experience with total return swaps.
- Understanding of equity markets.
- Comfort with quantitative concepts.
- Excellent communication skills, both written and oral.
- Proficiency with Microsoft Excel.
- Proficiency with Bloomberg, including Excel API.
Desired Skills/Experience:
- Proficiency with VBA and/or Python.
- Proficiency with Microsoft Access and/or SQL.
- Familiarity with security pricing models (options, converts, bonds) and/or risk modeling (VaR, stress-testing).
- Knowledge of relevant securities law and margin concepts (such as SIMM).
- Experience with repo financing.
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 during the recruitment and selection process, please let our Recruitment team know. 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.
Director, Prime Services and Collateral Management & Funding Risk Europe employer: Scotiabank
Contact Detail:
Scotiabank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Prime Services and Collateral Management & Funding Risk Europe
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research the company and its culture, especially focusing on their approach to risk management. Be ready to discuss how your background in prime brokerage risk aligns with their needs. Practice common interview questions to boost your confidence.
✨Tip Number 3
Showcase your skills! If you’ve got experience with VBA, Python, or any relevant tools, make sure to highlight that during conversations. Bring examples of your work or projects that demonstrate your expertise in risk analysis and management.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Tailor your CV and cover letter to reflect the specific skills mentioned in the job description, and don’t forget to follow up after applying to express your enthusiasm!
We think you need these skills to ace Director, Prime Services and Collateral Management & Funding Risk Europe
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the role of Director, Prime Services and Collateral Management & Funding Risk Europe. Highlight your background in prime brokerage risk and any relevant quantitative concepts to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your experience with hedge funds and risk management makes you the perfect fit for our team.
Showcase Your Communication Skills: Since excellent communication is key for this position, make sure your written application is clear and concise. Use professional language but let your personality come through – we want to see the real you!
Apply Through Our Website: Don’t forget to apply directly through our website! This ensures your application gets to the right place and helps us keep track of all candidates. Plus, it’s super easy to do!
How to prepare for a job interview at Scotiabank
✨Know Your Risk Concepts
Make sure you brush up on your understanding of prime brokerage risk, total return swaps, and equity markets. Being able to discuss these topics confidently will show that you're not just familiar with the jargon but can also apply it in real-world scenarios.
✨Prepare for Client Scenarios
Think about potential client interactions you might face in this role. Prepare examples of how you would analyse client portfolios or negotiate margin-related terms. This will demonstrate your practical experience and problem-solving skills during the interview.
✨Showcase Your Technical Skills
Since proficiency in Excel, VBA, and Python is crucial, be ready to discuss specific projects where you've used these tools. If possible, bring along examples of reports or analyses you've created to illustrate your capabilities.
✨Communicate Clearly and Confidently
Excellent communication skills are a must for this role. Practice articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend to refine your delivery and ensure you can explain complex concepts in an understandable way.
