Manager, Model Validation, Global Risk Management

2 weeks ago


Toronto, Canada Scotiabank Full time

Select how often (in days) to receive an alert:Title: Manager, Model Validation, Global Risk Management -1 year contractRequisition ID: 242369Roynat Capital, a wholly owned subsidiary of Scotiabank, is a national lender and investor with expertise in providing innovative long-term capital solutions for mid-sized companies utilizing senior term, subordinated debt, as well as mezzanine capital and common share equity. We provide tailored solutions to clients for acquisitions, business expansions, wealth monetization, and working capital enhancement. With a national presence in Canada in major markets, Roynat assists growth-oriented companies in reaching their goals across a wide range of industries.1-year contractLooking for a highly motivated and qualified Model Validation Manager to support its objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.Is this role right for you? In this role, you will:Support the model validation team to mitigate the model risksDiscovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementationProvides subject matter expertise on models’ strength and weakness and recommend practical solutionsValidates models assigned by model governance committeeDiscusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if neededUtilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.Review model documents and conduct test runs on model codesProvide different view on methodology and calculations, and provide feedback to model developersWork on model validation reports with hiring manager and provide ad hoc support as necessaryDo you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, or related files.2-3 years of relevant experience in model validation and/or development within a financial institution, particularly in the credit risk area is preferred.Experience in Stress Testing modeling processProficient inmathematics, econometric modelsandstatistics.Strong analytical, numerical, research and problems solving skills.Proficiency in programming language such as Python, R, and SAS (Python is preferred).Proficiency in working with relational databases – SQLWe 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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible. #J-18808-Ljbffr



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