The Balance Sheet Management team within Group Treasury is seeking a highly analytical and motivated Manager to support the Bank’s Structural Interest Rate Risk (SIRR) programs, with a particular focus on managing non-linear risks. This role is ideal for candidates with a strong background in derivatives risk and regulatory requirements, including OSFI, CDIC, and FRTB. Monitor hedging strategies involving interest rate options and other structured products for performance and P&L; attribution, and communicate results to various stakeholders.

Analyze the impact of market volatility, convexity, and customer behaviour on the Bank’s structural risk profile. Partner with trading desks, Risk Management, and Finance teams to report on program- and product-specific FTP and margin drivers. Develop desk-specific analytics reports to support program optimization, risk reporting, and product optimization, including second-order risk metrics and scenario analysis, to engage business lines on market competitiveness.

Contribute to the development and enhancement of risk models and analytics tools used to evaluate complex derivative exposures. Participate in ad hoc projects related to advanced risk analytics, model validation, and regulatory reporting. A master’s degree in Finance, Financial Engineering, Applied Mathematics, Computer Science, or a related quantitative discipline. ~3+ years of experience in a bank, hedge fund, or capital markets environment, ideally in Finance, Treasury, Derivatives Trading, Structuring, or Market Risk. ~ Proficiency in Python, SQL, React or similar front-end/UI development frameworks, and experience with pricing and risk analytics platforms such as Bloomberg, QRM, or in-house systems.



~ Excellent communication skills, with the ability to explain complex risk concepts to both technical and non-technical stakeholders. ~ Demonstrated understanding of derivatives pricing and risk sensitivities, including first- and second-order Greeks. ~ A strong grasp of market volatility dynamics and convexity risk, including their implications for pricing, valuation, and the design of hedging strategies. ~ A strong understanding of bank regulatory requirements, including but not limited to IRRBB, FRTB, and CDIC Resolution. ~ Progress toward or completion of CFA, FRM, or other related designation is preferred but not mandatory. ~ An organization committed to making a difference in our communities—for you and our customers.

A competitive rewards program that includes an annual bonus, versatile vacation, personal and sick days, and comprehensive benefits that start on your first day. Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow, and participate through our various Employee Resource Groups (ERGs), which span diverse gender identities, ethnicities, races, ages, abilities, and veteran statuses.

Guided by our purpose: "for every future", we help our customers, their families and our 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. #

📌 Manager, ALM and Options Strategy (Toronto)
🏢 Scotiabank
📍 Toronto