At a Glance
- Tasks: Lead and oversee Counterparty Credit Risk in London, ensuring compliance and effective risk management.
- Company: Join Scotiabank, a leading bank in the Americas with a commitment to inclusivity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Engage with diverse teams and clients, driving a customer-focused culture.
- Why this job: Make a real impact on risk management while working in a dynamic, fast-paced environment.
- Qualifications: Bachelor’s degree required; experience in market or counterparty credit risk oversight preferred.
The predicted salary is between 99000 - 121000 £ per year.
Requisition ID: 266434Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.PurposeLeads and oversees Counterparty Credit Risk in London in accordance with the Bank’s risk appetite, risk policies/frameworks, market best practices, and regulatory expectations. Ensure that business strategies, plans and initiatives are executed / delivered safely and soundly and in compliance with governing regulations, internal policies and procedures.AccountabilitiesResponsible for ensuring a robust framework for monitoring and measuring counterparty credit risk in the London portfolios. Ensure that the London counterparty framework meets the standards of the bank and the local regulatory requirements of the UK regulators.Oversight of the counterparty credit risk policy, processes and controls.Ensure that the margin frameworks, limits and stress testing conducted are appropriate and adequate.Responsible for the monitoring of risk profile, trends, limits, margins and stress testing results, and partnering with 1st Line in identifying potential risks to the portfolio.Liaise with the trading desks and front office risk personnel on the oversight of counterparty credit risks, including any breach of limits, risk appetite, margin calls, trends and identifying/escalating potential risks to the bank’s portfolios.Oversee the relationship with the counterparties from a second line perspective - in understanding their risk profile, risk management practices and oversight with a view to assessing their impact on Scotiabank.Actively engage with the Trade Floor Risk Management and Trading teams to ensure that the counterparty credit risk monitoring is appropriate to the current market conditions.Work with the credit teams on counterparty credit assessments on the setting of effective risk appetite for clients.Work with teams in London and Toronto to ensure the adequacy of closeout playbooks.Present the counterparty credit risk profile of the London portfolios at the appropriate governance/oversight committees.Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.DimensionsStrong understanding of counterparty risk and market risk management concepts.Strong understanding of traded products and markets, to assess their impact on counterparty risks in the portfolio.Good interpersonal skills and ability to engage with the bank’s clients and front office staff.Ability to work across teams and geographies to leverage skills, knowledge and resources.Highly organized with an ability to work in a fast-paced, multi stakeholder environment and manage multiple priorities.Education / ExperienceRequires at least a Bachelor’s degree in a related discipline. Master's degree, recognized professional designation in a specialized area of finance or business, is an asset.Experience in market or counterparty credit risk oversight (or related function).Solid market risk understanding of traded markets and products.Knowledge in the latest regulatory developments in market risk and counterparty credit risk.Strong verbal and written communication skills to senior management and external regulators are required.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, 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.
Director, Risk, Credit in London employer: Scotiabank
Scotiabank is an excellent employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from a strong focus on professional development, competitive compensation packages, and a commitment to fostering a customer-centric culture that enhances client relationships. With opportunities for growth and a supportive team atmosphere, Scotiabank stands out as a rewarding place to advance your career in counterparty credit risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Risk, Credit in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Scotiabank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Director, Risk, Credit in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Scotiabank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Scotiabank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Scotiabank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Scotiabank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Scotiabank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Scotiabank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
