Senior Manager, Model Risk Audit Lead

1 day ago


Toronto, Ontario, Canada Scotiabank Full time
Job Title: Senior Manager, Model Risk Audit

Requisition ID: 203110

About the Role

We are seeking a highly skilled Senior Manager, Model Risk Audit to join our team at Scotiabank. As a key member of our risk management team, you will be responsible for leading and managing audits to assess the design and operating effectiveness of model risk management/controls.

Key Responsibilities
  • Lead and manage audits as Office in Charge (OIC) to assess the effectiveness of model risk management/controls and provide high-quality recommendations to management.
  • Assess the effectiveness of methodologies and models used for IFRS 9 Reporting, Stress Testing program, and Fraud, and their compliance with regulations, internal policies, and procedures.
  • Develop and execute a comprehensive and strategic audit plan to ensure auditable entities remain within cycle and conduct ongoing monitoring activities to stay abreast of changes/emerging risks/themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
  • Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates talents by fostering an inclusive work environment and using a coaching/mentoring mindset, communicating vision/values/business strategy, and managing succession and development planning for the team.
Requirements
  • Master degree in Quant area such as Math, Statistics, Economics, and Business etc.
  • 5+ years of relevant experience in development or validation of predictive models, including linear regressions, forecasting, time series, ARIMA, and artificial intelligence and machine learning techniques etc. Working knowledge in statistical tests and tools such as SQL, Python, R, and SAS.
  • 3+ years of working knowledge in stress testing, IFRS 9, and fraud.
  • Strong knowledge of risk management, model risk management, project management, model regulations, and compliance.
  • Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels. Proven ability to supervise multiple projects at any time and work in high levels of ambiguity and changing environment.


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