Senior Manager, Model Risk Audit Specialist

2 months ago


Toronto, Ontario, Canada Scotiabank Full time

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 drive a customer-focused culture throughout your team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Plan, execute, and report on assigned audit projects within scheduled timelines and resources through a thorough understanding of the business/unit/process/associated risks and adequate evaluation of the effectiveness of key controls.
  • Ensure audit findings and results are gathered and timely communicated to management with identified root cause, associated impact, audit recommendations, and management actions that address the root cause.
  • 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.

Requirements

  • Master's 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.

What We Offer

As a Senior Manager, Model Risk Audit at Scotiabank, you will have the opportunity to work with a talented team of professionals and contribute to the success of our organization. We offer a competitive compensation package, comprehensive benefits, and opportunities for professional growth and development.



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