Current jobs related to Senior Manager, Retail Stress Testing, Global Risk Management - Toronto - Scotiabank
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Toronto, Canada Scotiabank Full timeSenior Manager, Retail Stress Testing, Global Risk Management Requisition ID: 244631 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Enterprise Stress Testing’s ("EST") mandate is to design and run the Bank’s stress testing program. We need a strong individual to help with credit risk stress testing...
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Toronto, ON MH H, Canada Scotiabank Full timeRequisition ID: Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Enterprise Stress Testing's ("EST") mandate is to design and run the Bank's stress testing program. We need a strong individual to help with credit risk stress testing of the Bank's retail portfolio. You will get the opportunities to apply...
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Senior Manager
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Toronto, Canada Scotiabank Full timeA major North American bank is seeking a Senior Manager for Retail Stress Testing. In this role, you'll lead credit risk model development and stress testing implementations while collaborating with cross-functional teams to produce insights influencing strategic decisions. Candidates should possess an advanced degree in a quantitative field and strong...
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Toronto, Canada Scotiabank Full timeTitle: Senior Manager, Climate Risk Modelling, Enterprise Stress Testing Requisition ID: 247955 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contributes to the overall success of climate risk modelling globally ensuring specific individual goals, plans, initiatives are executed / delivered in support...
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Toronto, Canada Scotiabank Full timeSelect how often (in days) to receive an alert:Title: Senior Manager, Climate Risk Modelling,Enterprise Stress Testing (18M Contract)Requisition ID: 248273Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.18-month contractContributes to the overall success of climate risk modelling globally ensuring...
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Toronto, Canada Scotiabank Full timeRequisition ID: 247955Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contributes to the overall success of climate risk modelling globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all...
Senior Manager, Retail Stress Testing, Global Risk Management
1 month ago
Senior Manager, Retail Stress Testing, Global Risk Management Requisition ID: 244631Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Enterprise Stress Testing’s ("EST") mandate is to design and run the Bank’s stress testing program. We need a strong individual to help with credit risk stress testing of the Bank’s retail portfolio. You will get the opportunities to apply your technical skillset and analytical mindset in building credit risk models and providing stress testing insights across geographies and products. This role has the potential for direct impact on business strategy with stress testing as a decision-making tool by senior management in Global Risk Management as well as Finance executives and the Board. Responsibilities In this role, you will: Leadership and Strategy: Provide thought leadership by developing innovative solutions to emerging challenges in credit risk stress testing. Demonstrate a strong sense of ownership and initiative by independently driving work forward – from ideation to execution – without requiring close supervision. Translate strategic ideas into actionable plans through effective project management, and foster a high-performing team by mentoring managers and leading by example. Inspire others through a proactive, self-motivated approach that sets the tone for excellence and accountability. Model Development: Lead the design and development of credit risk stress testing models that forecast credit quality migration under stressed macroeconomic conditions for retail portfolio. This involves models for PD, downgrade rates, and LGD. Stress Test Implementation: Apply these models to generate stress testing results – including ECL, PCL, and RWA – under various macroeconomic scenarios. Continuously optimize code repositories to ensure efficiency, accuracy, and production-readiness. Result Analysis and Reporting: Conduct detailed analysis to validate the accuracy and explainability of model outputs. Develop robust data visualization tools and standards to support complex scenario analysis. Prepare and deliver stress testing reports to internal stakeholders and external regulators, including OSFI. Emerging Risk Analysis: Perform supplementary analyses and develop methodologies to address emerging risk themes such as climate change, geopolitical instability, elevated consumer indebtedness, and housing market pressures etc. Cross-Functional Collaboration: Collaborate with model validation, internal audit, and other model development teams (e.g., AIRB, IFRS 9, Capital Management) to ensure alignment with industry best practices and maintain model compatibility and compliance across frameworks. Qualifications Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have: Advanced degree in Statistics, Economics, Finance, Mathematics, Data Science, or other related quantitative discipline Advanced quantitative modeling skills (e.g., advanced statistical models, machine learning, data science/analysis, econometric models) Experience with Python is required. Experience with Spark is an asset. Working knowledge of basic Linux or UNIX systems is an asset. Experience with version control software (e.g., Git) is an asset Experience in working with large dataset and optimization of code Experience in credit risk modeling related to PD and/or LGD Stress testing experience is desirable People management experience is an asset General knowledge of a bank's financial statement with a good understanding of credit products and provisions for credit losses (PCL) Working knowledge of RWA and capital requirement under Basel III regulations is an asset Experience with leading transformational projects Experience with presenting analytical findings and business insights Benefits What’s in it for you? An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one Your career matters You will have access to career development and progression opportunities. Location(s): Canada : Ontario : TorontoScotiabank 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.At Scotiabank, we 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted. #J-18808-Ljbffr
