Job Description
Requisition ID: 2214+6
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Funds Transfer Pricing (FTP) is the framework utilized to transfer interest rate risk and liquidity risk from the business lines to a centralized unit within Group Treasury; mitigating volatility related to these factors in business unit margins.
The Associate Director – Capital Markets (“the AD”) oversees the development and maintenance of FTP methodologies for Capital Markets Products including fixed income, equity derivatives and structured products framework.
The Associate Director collaborates with Group Treasury, GBM Treasury, and Capital Markets to align FTP methodologies with the bank's risk management and financial resource allocation strategies. This position requires a strong understanding of trading book concepts, fixed income and equity derivatives trading, collateral management, balance sheet drivers, regulatory developments, and business profitability. Additionally, this role requires deep knowledge of Capital Markets products and associated risks, and best practices in funds transfer pricing. The Associate Director is also responsible for monitoring and streamlining the intraday liquidity FTP methodology to ensure efficient liquidity management.
Is this role right for you? In this role, you will:
Lead and drive a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Provide guidance to Global Finance to incorporate new/changes in methodology in reporting and planning processes.
Maintain governance documents of key FTP processes.
Provide support for:
Developing and maintaining Capital Markets FTP methodologies, manage contingent liquidity cost methodologies and allocation for Capital Markets funding.
Identify and analyze regulatory liquidity developments, funding requirements and incorporate relevant cost/benefit into proposals.
Support Capital Markets product development and internal Capital Markets allocation groups such as FRM, XVA, etc.
Lead operational improvements to be embedded in Finance processes, cash management project and intraday liquidity methodology.
Analyze and design the Capital Markets collateral FTP methodologies including Variation Margin and Initial Margin framework.
Manage FTP attributes within the data architecture to ensure accurate and insightful reporting for both disclosure purposes and informed decision-making.
Assist Group Treasury Data Transformation initiative and strategy.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Create an environment and pursue effective and efficient operations in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
MBA /University level degree
5+ years financial institution experience or relevant experience, with knowledge of Capital Markets products.
Understanding of profitability and financial analysis.
Knowledge of the Bank's business lines, product offerings, interest rate and liquidity risk management concepts and principles, and regulatory environment.
Proficient communication skills to present / discuss FTP subject matters with colleagues and business partners.
Ability to quickly grasp new concepts in the presence of ambiguity.
Knowledge of the Bank's trading systems and strong data analytic skills.
Knowledge with SQL, Python or any data analytics tools.
What's in it for you?
In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
You'll be part of a diverse, collaborative, innovative, and high-performing team
We offer a competitive rewards package:
Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
Health Benefits from day one!
You will relish work-life balance, team events, and opportunities to participate in the community.
Your career matters! You will have access to career development and progression opportunities.
Location(s): Canada : Ontario : Toronto
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. 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.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Funds Transfer Pricing (FTP) is the framework utilized to transfer interest rate risk and liquidity risk from the business lines to a centralized unit within Group Treasury; mitigating volatility related to these factors in business unit margins.
The Associate Director – Capital Markets (“the AD”) oversees the development and maintenance of FTP methodologies for Capital Markets Products including fixed income, equity derivatives and structured products framework.
The Associate Director collaborates with Group Treasury, GBM Treasury, and Capital Markets to align FTP methodologies with the bank's risk management and financial resource allocation strategies. This position requires a strong understanding of trading book concepts, fixed income and equity derivatives trading, collateral management, balance sheet drivers, regulatory developments, and business profitability. Additionally, this role requires deep knowledge of Capital Markets products and associated risks, and best practices in funds transfer pricing. The Associate Director is also responsible for monitoring and streamlining the intraday liquidity FTP methodology to ensure efficient liquidity management.
Is this role right for you? In this role, you will:
Lead and drive a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Provide guidance to Global Finance to incorporate new/changes in methodology in reporting and planning processes.
Maintain governance documents of key FTP processes.
Provide support for:
Developing and maintaining Capital Markets FTP methodologies, manage contingent liquidity cost methodologies and allocation for Capital Markets funding.
Identify and analyze regulatory liquidity developments, funding requirements and incorporate relevant cost/benefit into proposals.
Support Capital Markets product development and internal Capital Markets allocation groups such as FRM, XVA, etc.
Lead operational improvements to be embedded in Finance processes, cash management project and intraday liquidity methodology.
Analyze and design the Capital Markets collateral FTP methodologies including Variation Margin and Initial Margin framework.
Manage FTP attributes within the data architecture to ensure accurate and insightful reporting for both disclosure purposes and informed decision-making.
Assist Group Treasury Data Transformation initiative and strategy.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Create an environment and pursue effective and efficient operations in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
MBA /University level degree
5+ years financial institution experience or relevant experience, with knowledge of Capital Markets products.
Understanding of profitability and financial analysis.
Knowledge of the Bank's business lines, product offerings, interest rate and liquidity risk management concepts and principles, and regulatory environment.
Proficient communication skills to present / discuss FTP subject matters with colleagues and business partners.
Ability to quickly grasp new concepts in the presence of ambiguity.
Knowledge of the Bank's trading systems and strong data analytic skills.
Knowledge with SQL, Python or any data analytics tools.
What's in it for you?
In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
You'll be part of a diverse, collaborative, innovative, and high-performing team
We offer a competitive rewards package:
Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
Health Benefits from day one!
You will relish work-life balance, team events, and opportunities to participate in the community.
Your career matters! You will have access to career development and progression opportunities.
Location(s): Canada : Ontario : Toronto
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. 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.
💡 Quick Summary
Seeking a career-building opportunity? The Associate Director, Capital Markets FTP position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
