Manager, Model Validation
7 months ago
Requisition ID: 192592
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 self-governing and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other key risk/financial models.
The manager is primarily reliable for the validation of models related to asset and liability management, market risk, credit risk and operational risk to ensure the overall risk measurement soundness. This includes collaboration with the model development teams under Group Treasury, Market Risk Measurement, Liquidity & Interest Rate Risk, and technology units to ensure models and methodologies are appropriate given our overall framework and regulatory requirements.
**Responsibilities**:
- Assist Senior Manager to formalize Treasury related models, such as asset and liability management, liquidity, retail embedded options and economic capital. Review modeling processes to ensure that the models selected are appropriate. Ensure methodology is consistently applied across organization, and appropriately refresh the evolving industry best practice.
- Conduct self-governing model validation, including reviewing model documentation, model programming/code, model methodology, data manipulation, model performance, etc.
- Build self-governing replication benchmark and assist Senior Manager to develop validation test plan.
- Assist Senior Manager to conduct research and develop benchmark validation techniques.
- Assist Senior Manager to formalize portfolio credit risk projects (e.g. Moody’s Risk Frontier).
- Review all necessary documentation related to validation assignments. Ensure accuracy and completeness of archived. information and related documentation to allow self-governing third party review of the validation work performed;
- Socialize validation issues/findings with model owners/developers and other counterparties.
- Comply with internal policies, procedures and regulatory requirements where applicable.
- Provide support to resolve outstanding audit and regulatory issues.
- Provide support to large-scale projects as required.
- Keep abreast of industry and regulatory developments, and evolving expectations.
**Job Requirements**:
- Proficient programming skills, such as Python, SAS, MATLAB, C++.
- Sound understanding of various modelling techniques and comfortable to conduct various tests.
- Excellent written and presentation skills to provide advice and explanation to various users of the market risk, credit risk and liquidity risk models.
- Knowledge of financial risk management is preferred, especially issues and techniques pertaining to market risk management - including their practical implications and limitations.
- Knowledge of stochastic calculus and probabilities is preferred.
- 1+ year of modelling experience in Risk Management of treasury, market risk and credit risk preferred.
- Exposure or experience in other risk functions such as asset and liability management (ALM) or credit risk or market risk is desirable.
- Ability to manage efficiently multiple priorities;
- Attention to details, independence, versatility and ability to effectively collaborate in teamwork;
- Consensus-building ability;
- Flexibility and creativity in problem solving.
- Advanced degree in Applied Math, Applied Statistics, Applied Physics, Engineering or Finance (M.Sc. degree or above degree);
- Other industry certifications or credentials will be assets (e.g., CFA, FRM/PRM).
Location(s): Canada : Ontario : Toronto
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.
-
Manager, Model Validation
7 days ago
Toronto, Canada TMX Group Limited Full timeVenture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action,...
-
Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 174453 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital...
-
Manager, Model Validation
5 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 171279 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, capital models and other key...
-
Manager, Model Validation
5 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 205789 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Model Validation & Approval area provides self-reliant and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other key risk/financial...
-
Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 157942 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Manager in Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity,...
-
Manager, Model Validation
8 hours ago
Toronto, Canada Scotiabank Full timeRequisition ID: 173981 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Manager in Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity,...
-
Manager, Model Validation
1 week ago
Toronto, Canada Scotiabank Full timeRequisition ID: 158358 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: **Responsibilities**: 1. Assist Senior Manager and/or independently validate and/or review a range of model types. 2. Review documentation relating to the development and validation of models and processes, and...
-
Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 170230 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...
-
Director, Model Validation
7 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 200964 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: Provides direction, leadership and oversight for initial and ongoing model validations/approvals to ensure model risk management initiatives are in compliance with regulatory requirements and internal...
-
Model Validation Quantitative Associate
2 weeks ago
Toronto, Canada MUFG Full time**Model Validation Quantitative Associate** **Job Summary**:The position of Quantitative Model Risk Associate in the Toronto office is a professional role performing advanced quantitative analysis, utilizing statistical modeling and expertise. The role supports the model risk management function in validation of models applied across the bank in market...
-
Director, Head Model Validation
7 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 191549 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: Provides judicious direction, leadership and oversight for the Bank’s model validation and approval process in accordance with the Model Risk Management Policy. Leads a team of Directors liable for managing...
-
Senior Manager, Model Validation Specialist
1 month ago
Old Toronto, Canada BMO Financial Group Full timeImagine yourself in a role where you can utilize your analytical skills to validate complex financial models and drive business growth.About the RoleWe are seeking an experienced Senior Manager to lead our model validation team. As a key member of our organization, you will be responsible for validating new and existing fraud and customer behavioral...
-
Lead Model Validator and Strategist
3 days ago
Toronto, Ontario, Canada Scotiabank Full timeOverviewScotiabank is a leading bank in the Americas, guided by our purpose: 'for every future'. Our team of experts helps customers, their families, and communities achieve success through various advice, products, and services.Job DescriptionThis Senior Manager role plays a key part in ensuring the sound development and ongoing performance of IFRS 9...
-
Manager - Model Validation & Approval (8 Month
9 hours ago
Toronto, Canada Scotiabank Full timeRequisition ID: 177836 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital...
-
Manager, Model Validation
1 week ago
Toronto, Canada Scotiabank Full timeRequisition ID: 173212 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, capital models and other key...
-
Manager, Model Validation
1 week ago
Toronto, Canada Scotiabank Full timeRequisition ID: 179006 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Global Model Risk Management area provides self-governing and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk,...
-
Manager, Model Validation
3 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 163640 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, capital models and other key...
-
Data Scientist, Model Validation
7 days ago
Toronto, Canada Manulife Full time**_Are you looking for a supportive, collaborative workplace with great teams and inspiring leaders? You’ve come to the right place. We’re looking for ambitious people who share our values and want to make every day better for people around the world. If this sounds like you, and the career below sounds exciting, we’d like to hear from you....
-
Manager, Model Validation
2 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 210086 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Scotiabank is looking for a highly motivated and qualified Manager, Model Validation to support our objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under...
-
Manager, Model Validation
7 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 194140 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Global Model Risk Management area provides consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital models, Anti Money Laundering (AML)...