Senior Manager, US Counterparty Risk
Core
Oversee all aspects of Counterparty Credit Risk (CCR) for Scotia Capital (U.S.A.) Inc. and Scotia Bank U.S., focusing on Futures Commission Merchant (FCM) activities and partnering with Global Banking and Markets to ensure sound risk management.
Role type
Senior Manager, Counterparty Credit Risk
Builds
Risk management practices, CCR reporting infrastructure, and regulatory compliance frameworks for US booked and managed activity.
Domain
Financial Services / Capital Markets / Counterparty Risk
Deliverable
dashboards & analysis
Required skills
Counterparty Credit Risk (CCR) management, Futures Commission Merchant (FCM) regulations, CFTC 1.73 & cross-margining, stress testing, limit setting, margin sufficiency evaluation, Power BI, Python, Bash, quantitative finance modeling, regulatory reporting (FRB, RCSA, CRCA).
Preferred skills
Data analysis with unclean data, system optimization, process documentation, stakeholder liaison.
Technologies
Power BI, Python, Bash, C++, FRB systems, RCSA/CRCA tools
Responsibilities
Oversee daily and periodic CCR reporting including PFE and stress breaches; Monitor client exposures across futures, options, and asset classes; Lead review and approval of credit risk exposures in Repo, Securities-Based Lending, and OTC derivatives; Assess stress scenarios and tail risks; Partner with trading groups and system owners to improve reporting; Strengthen CCR reporting infrastructure and dashboards; Support governance, internal audit, and regulatory activities.
Seniority
Senior Manager, leadership level
