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Manager, Model Validation

1 month ago

Toronto, Canada Scotiabank Full time

Requisition ID: 185455

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

**Purpose of Job**:
Looking for a highly driven and qualified Model Validation team member to assist its objectives. The primary responsibility of this role is to assist the credit model validation team to minimize the model risks under the model governance for the entire group. The team is answerable to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also answerable to opine on the model strength and weakness and recommend practical solutions.

**Responsibilities**:

- Assist the model validation team to minimize the model risks
- Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
- Validates models assigned by model governance committee
- Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
- Utilizes 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 codes
- Provide different view on methodology and calculations, and provide feedback to model developers
- Work on model validation reports with hiring manager and provide ad hoc assist as necessary

**Job Requirements**:

- 1-2 years relevant experience in quantitative risk management field is preferred.
- Must have a Quantitative Master's degree or a PHD
- Experience with AIRB credit risk models is preferred.
- Proficient in mathematics, models and statistics.
- Strong analyzation, numerical, research and problems solving skills.
- Experience with financial statements analytics is an asset.
- Software skill: Python, SQL, SAS, R and Matlab.

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.