Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage risk for the European PS and repo platform while supporting business expansion.
- Company: Join a purpose-driven team in a high-performing, inclusive culture.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Why this job: Make a real impact in a rapidly growing business with diverse client interactions.
- Qualifications: Experience in prime brokerage risk and strong communication skills required.
- Other info: Dynamic role with excellent career advancement opportunities.
The predicted salary is between 72000 - 108000 £ 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.
Director, Prime Services and Collateral Management & Funding Risk Europe in London 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 in London
✨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. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of prime brokerage risk and total return swaps. We recommend creating a cheat sheet of key concepts and questions you might face. This way, you’ll feel confident and ready to impress!
✨Tip Number 3
Showcase your skills with real examples! When discussing your experience, highlight specific projects where you’ve managed risk or improved processes. We want to see how you’ve made an impact in previous roles, so don’t hold back!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged. So, get your application in and let’s make things happen!
We think you need these skills to ace Director, Prime Services and Collateral Management & Funding Risk Europe in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Director, Prime Services and Collateral Management & Funding Risk Europe. Highlight your experience in prime brokerage risk and any relevant quantitative skills. We want to see how your background aligns with our needs!
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 you can contribute to our purpose-driven team. Don’t forget to mention your familiarity with equity markets and risk management – we love that stuff!
Showcase Your Communication Skills: Since excellent communication is key for this position, make sure your written application reflects that. Keep your language clear and professional, but don’t be afraid to let your personality shine through. We appreciate authenticity!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our high-performing culture!
How to prepare for a job interview at Scotiabank
✨Know Your Numbers
Make sure you brush up on your quantitative skills, especially around risk management concepts like VaR and stress-testing. Be ready to discuss how you've applied these in past roles, as this will show your comfort with the technical aspects of the job.
✨Understand the Business
Familiarise yourself with the prime brokerage landscape and the specific challenges faced by hedge funds. This knowledge will help you engage in meaningful discussions about margin and risk appetite during the interview.
✨Communicate Clearly
Since excellent communication skills are a must, practice articulating complex ideas simply. Prepare examples where you've successfully communicated risk analyses or legal terms to clients or internal teams.
✨Showcase Your Tech Skills
Be prepared to demonstrate your proficiency with tools like Excel, Bloomberg, and any programming languages you know, such as VBA or Python. You might be asked to solve a problem on the spot, so having a solid grasp of these tools will set you apart.
