Current jobs related to Manager, Model Validation - Toronto, Ontario - Scotiabank

  • Manager, Model Validation

    14 hours ago

    Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 203166 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Model Validation & Approval area provides individual and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital models, AML and other...

  • Senior Manager, Model Validation

    14 hours ago

    Toronto, Ontario, Canada BMO Full time

    Application Deadline: 01/01/2025 Address: 100 King Street West Job Family Group: Audit, Risk & Compliance This role is hybrid and will require 2 or more days in our downtown Toronto office. The ideal candidate should have: Knowledge: 5+ years of experience in fraud or AML financial model validation, model development or a related position; or...

  • Manager, Model Validation and Approval

    2 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 221140Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The Manager of Model Risk Governance will execute initial and ongoing model validations/approvals to ensure model risk management initiatives are following regulatory requirements and internal policies/procedures.Is this role right for...

  • Model Risk Validator

    5 days ago

    Toronto, Ontario, Canada Manulife Insurance Malaysia Full time

    Senior Analyst, Model Risk ManagementPostuler locations Toronto, Ontario time type Temps plein job requisition id JR24101589The Senior Analyst, Model Validation role is a member of the Group Model Risk Management team, responsible for validating models related to economic capital, Asset Liability Management (ALM), and Global Variable Annuity Hedging.Key...

  • Model Validation Lead

    15 hours ago

    Toronto, Ontario, Canada MUFG Full time

    About the Role:The Model Validation Lead will be responsible for ensuring the integrity and accuracy of our quantitative models. This includes reviewing and validating models to ensure they meet regulatory requirements and are free from errors.Responsibilities:- Conduct thorough reviews of quantitative models to identify potential issues.- Collaborate with...

  • Model Validation Expert

    4 days ago

    Toronto, Ontario, Canada MUFG Full time

    At MUFG, we're committed to fostering a culture that puts people first, listens to new and diverse ideas, and collaborates towards greater innovation, speed, and agility.This role offers a unique opportunity to make a meaningful impact as a VP, Model Risk Manager within Quantitative Risk Control (QRC).You will be responsible for managing enterprise-wide...

  • Model Validation Specialist

    14 hours ago

    Toronto, Ontario, Canada Intact Financial Corporation Full time

    JOB DESCRIPTION About the role We're looking for a (Economic Capital) Model Validation Specialist to join our Risk Management team About role We're seeking an individual to join the Risk Management team. Our team is responsible for developing and supporting the implementation of the risk management framework. We provide independent reviews and...

  • Financial Engineering Manager

    3 days ago

    Toronto, Ontario, Canada MUFG Americas Full time

    About the RoleWe are seeking a highly skilled professional to manage enterprise-wide model risks at MUFG Americas. As a Vice President, Model Risk Manager, you will play a critical role in ensuring the validity and reliability of our quantitative models.Your responsibilities will include:Model ValidationValidate quantitative models.Evaluate model conceptual...

  • Model Validation Expert

    7 days ago

    Toronto, Ontario, Canada Manulife Insurance Malaysia Full time

    Job Overview:">The Senior Analyst, Model Risk Management will be part of the Group Model Risk Management team, which focuses on validating models related to economic capital, ALM, and Global Variable Annuity Hedging. This role reports to the Director of Model Risk Management and is based in the Toronto Head Office.">Main Responsibilities:">Review models for...

  • Quantitative Analyst

    5 days ago

    Toronto, Ontario, Canada Manulife Insurance Malaysia Full time

    Senior Analyst, Model Risk ManagementThe Group Model Risk Management team is responsible for validating models related to economic capital, Asset Liability Management (ALM), and Global Variable Annuity Hedging. This position is based in the Toronto Head Office.Responsibilities:Evaluate models' adequacy and appropriateness for stated objectives and...

  • Model Validation Strategist

    6 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Job Summary:We are seeking a highly experienced Director & Head, Model Validation to provide strategic direction, leadership and oversight for the Bank's model validation and approval process. This role requires a strong understanding of regulatory standards, excellent interpersonal and communication skills, and the ability to convey complex technical issues...

  • Global Model Validation Lead

    4 hours ago

    Toronto, Ontario, Canada Scotiabank Full time

    About the Job Description:This position is part of Scotiabank's Risk Management team, which aims to protect the bank's assets and interests through rigorous risk assessment and mitigation strategies.The ideal candidate will have a deep understanding of model risk management principles and practices, as well as strong leadership and communication skills.Key...

  • Director & Head, Model Validation, Global Risk Management

    7 hours ago

    Toronto, Ontario, Canada Scotiabank Full time

    Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.The Director & Head, Model Validation, provides strategic direction, leadership, and oversight for the Bank's model validation and approval process in accordance with the Model Risk Management Policy.The Director & Head, Model Validation, leads a team of...

  • Director & Head, Model Validation, Global Risk Management

    6 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 220296Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The Director & Head, Model Validation, provides strategic direction, leadership and oversight for the Bank's model validation and approval process in accordance with the Model Risk Management Policy.The Director & Head, Model...

  • Senior Manager, Balance Sheet Risk Model Validation

    14 hours ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job Description What is the opportunity? The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team performs the second line of defense role for all balance sheet and liquidity risks at the enterprise level.As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent oversight...

  • Model Validation Quantitative Associate– Market Risk

    14 hours ago

    Toronto, Ontario, Canada MUFG Full time

    Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we're 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term...

  • Model Validator

    5 days ago

    Toronto, Ontario, Canada Infotek Consulting Services Inc. Full time

    Job SummaryThis position is responsible for conducting audits focused on model risk, data risk, and AI risk. The ideal candidate will have experience in risk management, auditing, and model development.Key ResponsibilitiesConducting audits to assess the design and operating effectiveness of model risk management and controls.Executing assigned audit...

  • Manager, Model Risk Management

    4 weeks ago

    Toronto, Ontario, Canada Manulife Financial Full time

    This role offers a unique opportunity to be a senior member of the Group Model Risk Management team, focusing on validating models in the Global Wealth Management Segment. As the Manager, Model Risk Management, you will significantly contribute to our mission by ensuring model effectiveness, supporting risk measurement, investment strategy development, asset...

  • Validation Lifecycle Manager

    20 hours ago

    Toronto, Ontario, Canada Roche Full time

    The Role of a Data Validation SpecialistAbout Our TeamWe are a dynamic team of experts dedicated to advancing science and ensuring everyone has access to healthcare today and for generations to come. As a Data/AI Validation Specialist, you will play a crucial role in optimizing access to data insights that power our pharmaceutical operations.Our team works...

  • Manager, Model Risk Management

    3 weeks ago

    Toronto, Ontario, Canada Manulife Financial Full time

    This role offers a unique opportunity to be a senior member of the Group Model Risk Management team, focusing on validating models in the Global Wealth Management Segment. As the Manager, Model Risk Management, you will significantly contribute to our mission by ensuring model effectiveness, supporting risk measurement, investment strategy development, asset...

Manager, Model Validation

2 weeks ago

Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 220664

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

The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including provisioning and capital models (IFRS 9, AIRB), retail/non-retail credit risk, market risk, operational risk, anti money laundering, and other key risk/financial models.  The manager provides support to Senior Manager in the validation of IFRS 9 expected credit loss forecasting models for provisioning of domestic and international retail/non-retail portfolios. This position entitles activities  related to  model validation work  to establish overall soundness of the credit risk measurement, delivery of  various ad-hoc validation assignments, and collaboration/communication with the model development teams and business lines to ensure model development methodologies and validation processes are in compliance with internal framework and regulatory requirements

Is this role right for you? In this role, you will:

  • Validate IFRS9 provisioning models for retail and business banking portfolios including all parameters (PD, LGD, Lifetime, SIR, EAD) and ECL assessment.
  • Conduct comprehensive review of the data processing, including the independent replication of data extraction and data manipulation steps, as well as assessing the suitability and sanity of the data sources.
  • For the model being validated, review the methodology implemented for reasonableness and applicability, assess soundness of model methodology, review the architecture of the software application implementing the model, perform quantitative tests and qualitative assessments of the model, execute independent calculations, and analyze/interpret model output.
  • Raise and effectively communicate the validation results and findings to the model owners, prompting appropriate action to address the identified deficiencies in data or modelling processing, which may lead to model recalibration and methodology enhancement.
  • Responsible for completing draft validation reports and submission of all necessary documentation related to validation assignments to Senior Manager; ensure accuracy and completeness of archived information and related documentation to allow independent third-party review of the validation work performed.
  • Establish communication with model owner/developers to understand model rationale and issues; maintain relationship with key contacts as identified for each validation.
  • Support Senior Manager in keeping the inventory system updated.
  • Comply with internal policies, procedures, and regulatory requirements where applicable.
  • Provide support to resolve outstanding audit and regulatory issues, and to respond to ad hoc senior management and regulatory requests.
  • Keep abreast of industry and regulatory developments and evolving expectations and recommend and enforce improvements to tests/methods to fulfill internal validation needs and to align (if applicable) with industry practices.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • 1+ year of experience in the development and/or validation of risk and/or financial models preferred.
  • Exposure to retail/small business/non-retail credit risk management applications and practices preferred.
  • Exposure to IFRS 9/ AIRB related credit risk management and quantification preferred.
  • Advanced degree in Mathematics, Statistics, Actuarial Science, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master and above), in combination with business education.
  • Industry certification or credentials will be asset (e.g., FRM, CFA, CQF, MBA)
  • Strong knowledge in statistics/probability/applied math and sound understanding of credit analytics, model development and model validation in financial services.
  • Understanding of regulatory environment and regulatory guidelines is preferred.
  • Proficiency in at least one of the statistical/numerical packages (Python/SAS/R/MATLAB). Ability to adapt to various programming languages and environments. Advanced Python proficiency is preferred.
  • Proven ability in analyzing and manipulating large datasets and conducting complex data queries for efficient extraction and manipulation. Strong knowledge of data visualization tools to effectively communicate results and findings.
  • Ability to independently deliver validation projects and manage efficiently multiple priorities in order to deliver work assignments within agreed timelines.
  • Attention to details, independence, and consensus building ability to effectively collaborate in teamwork and with model owner/developer counterparts.
  • Ability to identify issues, analyze problems, synthesise information and make recommendations.
  • Effective presentation and strong spoken and written communication skill is essential.
  • Flexibility and creativity in problem solving.

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 : 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.  

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.