About Company
Scotiabank is a leading bank in the Americas. We are a team of more than 90,000 employees and a company that is committed to being an employer of choice. With a history spanning over 190 years, we provide diverse financial products and services to over 25 million customers across more than 50 countries. Our global footprint is supported by a strong set of values and a commitment to customer-centricity, innovation, and community development. At Scotiabank, we believe in fostering a diverse and inclusive environment where every employee can thrive and contribute to our shared success. We are dedicated to helping our customers, communities, and employees prosper.
Job Description
We are seeking a highly motivated and detail-oriented Risk Analyst to join our dynamic team in Lighthouse Lakes, Selbyville. This is an urgent hiring need, reflecting a critical role in strengthening our risk management framework. As a Risk Analyst, you will play a pivotal role in identifying, assessing, and mitigating financial risks across various portfolios. You will work closely with senior management and cross-functional teams to ensure compliance with regulatory requirements and internal policies, contributing directly to the bank’s stability and strategic objectives. This position offers a unique opportunity to apply your analytical skills in a fast-paced environment, contributing to sophisticated risk models and reporting. The successful candidate will be instrumental in developing actionable insights from complex data, presenting findings clearly, and recommending effective risk mitigation strategies. If you are passionate about financial analysis, possess a keen eye for detail, and are eager to make a significant impact within a global financial institution, we encourage you to apply. This role is designed for an individual who thrives on challenges and is committed to continuous learning and professional growth within the exciting field of risk management. Your work will directly support informed decision-making and uphold Scotiabank’s reputation for sound financial practices.
Key Responsibilities
- Conduct comprehensive risk assessments across various financial products and services.
- Develop, implement, and maintain risk models and methodologies to quantify potential exposures.
- Analyze large datasets to identify trends, anomalies, and potential risk indicators.
- Prepare detailed risk reports, presentations, and dashboards for senior management and regulatory bodies.
- Monitor market conditions, economic indicators, and regulatory changes to assess their impact on risk profiles.
- Collaborate with business units to understand their operations and integrate risk management best practices.
- Assist in the development and enhancement of internal risk policies and procedures.
- Participate in stress testing and scenario analysis exercises.
- Ensure compliance with all relevant local and international financial regulations.
- Provide recommendations for improving risk mitigation strategies and controls.
Required Skills
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
- Minimum of 3 years of experience in risk management, financial analysis, or a similar analytical role within the financial services industry.
- Strong understanding of financial products, markets, and risk concepts (credit risk, market risk, operational risk).
- Proficiency in data analysis tools (e.g., Excel, SQL, Python, R).
- Excellent analytical, problem-solving, and critical thinking skills.
- Ability to communicate complex information clearly and concisely, both verbally and in writing.
- Proven ability to work independently and as part of a team in a fast-paced environment.
- Attention to detail and a high level of accuracy.
Preferred Qualifications
- Master's degree or professional certification (e.g., FRM, CFA).
- Experience with risk management software platforms.
- Knowledge of regulatory frameworks such as Basel Accords.
- Experience in developing and validating statistical models.
Perks & Benefits
- Comprehensive health, dental, and vision insurance.
- Generous paid time off and holidays.
- Competitive retirement savings plan with company match.
- Professional development and tuition reimbursement programs.
- Employee assistance program.
- Opportunities for career advancement within a global organization.
- Discounted banking services.
- Wellness programs and resources.
How to Apply
Interested candidates are encouraged to apply directly through our careers portal. Please click on the application link below to submit your resume and cover letter. Ensure your application highlights your relevant experience and qualifications for this urgent hiring need. We thank all applicants for their interest, however, only those selected for an interview will be contacted.