Manager, Model Validation
1 week ago
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose of Job:
The Model Validation & Approval area provides independent and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, treasury, capital models and other key risk/financial models.
Responsibilities:
- Support director/senior manager in the development of the work plan.
- Deliver validation assignments according to work plan.
- Undertake research and development of new validation techniques
- Manage relationship with key contacts as identified for each validation request submission
- Comply with internal policies, procedures and regulatory requirements where applicable
- Provide support to resolve outstanding audit and regulatory issues and to respond to ad hoc senior management and regulatory requests
- Provide support to largescale projects as required
- Keep abreast of industry and regulatory developments and evolving expectations; develop relationships with counterparts at other financial institutions; provide ongoing peer benchmarking support
Job Requirements:
- Advanced degree in Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master and above), in combination with business education.
- Industry certification or credentials will be asset (e.g. MBA, CFA, FRM)
- Strong knowledge in statistics/probability/applied math. Proficiency in at least one of the statistical/numerical packages (SAS/MATLAB/R/Python).
- Ability to effectively utilize relational databases for data analysis, write complex SQL queries is an asset.
- Knowledge of data extraction and manipulation techniques is an asset.
- Prefer minimum of 1 years experience in quantitative/statistical analysis in model development or validation areas. Experience and working
- Effective project and time management in order to efficiently deliver concurrent projects with contesting priorities in good quality.
- Be able to be independently deliver work assignments efficiently.
- Constructive conflict management ability; ability to collaborate effectively with model owner/sponsor counterparts as well as internal audit and regulators.
- Effective presentation and strong spoken and written communication skill is essential
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.
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