This manager position is primarily focused on overseeing the liquidity and interest rate risk in the Banking book across South America, Central America and The Caribbean, ensuring risks are understood, controlled, and reported in accordance with the Bank's policy and risk appetite framework. This role has regular exposure to Senior Management across different areas and jurisdictions to discuss and provide recommendations on market risk related issues in the region; written and oral presentations are done on a regular basis to Senior Level Executives in Canada and Internationally. Key Accountabilities Business relationship: Develop effective relationships with business lines that foster awareness of the Bank’s risk framework and sharing of information. Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to financial market developments and risk matters, including changes in risk profile and P&L drivers. Responding to Requests/Events: Facilitate effective risk-reward decisions by providing an informed and independent opinion on new business initiatives including calibrating risk limits in alignment with the Bank’s risk appetite framework. Communication: Distilling daily risk/market information into highlights, ensuring material issues are communicated to stakeholders. Functional Competencies Identify and assess market risks in the covered businesses and ensure consistency with the Bank’s risk appetite and approved business mandate. Advise and support International Subsidiaries in the development of their risk management framework in line with the Bank’s standards for balance sheet management (e.g., Static Interest Rate Gaps, Annual Income, Economic Value, Interest Rate Sensitivity (DV01), Stress Testing, etc.) and Liquidity risk management (e.g., Liquidity Cash Gap, Liquidity Buffer, Liquidity Stress Test, etc.). Review the modeling of interest rate, FX, and liquidity risks on the balance sheet, including, but not limited to optionality (i.e., mortgages and term deposits), non-maturity products (i.e., assets and liabilities), etc. Collaborate with other groups across the Bank to deliver consistent application of the Bank’s standards or best industry practices across International Balance Sheets. Be a team player who is willing to take on more responsibilities as part of his growth in the role and/or team. Identify process improvement opportunities and participate in enhancement implementations. Contribute to the testing and development of new tools to automate risk processes from multiple jurisdictions where possible. Assess existing risk management frameworks and provide guidance/assistance as required. Support the review of incoming requests for annual business reviews, new product adjudication, temporary limit approvals, and one-off exceptions, including the development/preparation of appropriate recommendations for presentation to Senior Management and the Market Risk Management and Policy Committee (MRMPC). Monitor events in international financial markets/industry, assist in identifying new and emerging trends, tack and summarize new regulatory initiatives and changes, etc Educational Requirements - Quantitative Undergraduate (e.g., Finance, Mathematics, Statistics, Engineering, etc.) with a Master’s Degree (e.g., MBA, MF, etc.)
- CFA and/or FRM certifications are an asset - Knowledge of Spanish is required - Knowledge of market risk management processes and metrics - Understanding of Financial Markets, risk analysis and valuation of complex derivatives products (e.g., non-linear risk), with particular focus on fixed income and derivatives, such as swaps, cross-currency swaps, forwards, and options. - Strong communication skills are critical as there is close interaction with local and regional Treasurers, Traders and Local Risk Management teams. The manager must deal knowledgeably with local management from diverse professional and cultural backgrounds. - Strong writing skills are critical as one of the end products is normally a written communication presenting key issues and recommendations to the MRMPC. - Given the high volume of activity, the manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives. Location: Canada : Ontario : Toronto
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