Manager, Model Validation

2 days ago


Toronto, Canada Scotiabank Full time

Requisition 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 other key risk/financial models. **Responsibilities**: - _ Support director/senior manager in the development of the work plan._ - _ Deliver validation assignments according to work plan._ - _ Undertake research and development of new validation techniques_ - _ Manage relationship with key contacts as identified for each validation request submission _ - _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_ - _ Provide support to large-scale projects as required_ - _ Keep abreast of industry and regulatory developments and evolving expectations; develop relationships with counterparts at other financial institutions; provide ongoing peer benchmarking support_ **Job Requirements**: - Advanced degree in Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master and above), in combination with business education. - Industry certification or credentials will be asset (e.g. MBA, CFA, FRM) - Strong knowledge in statistics/probability/applied math. Proficiency in at least one of the statistical/numerical packages (SAS/MATLAB/R/Python). - Ability to effectively utilize relational databases for data analysis, write complex SQL queries is an asset. - Knowledge of data extraction and manipulation techniques is an asset. - Prefer minimum of 1 years experience in quantitative/statistical analysis in model development or validation areas. Experience and working knowledge in regulatory capital parameters (i.e., PD, LGD, EAD), economic capital, and stress testing is beneficial. - Effective project and time management in order to efficiently deliver concurrent projects with competing priorities in good quality. - Be able to be independently deliver work assignments efficiently. - Constructive conflict management ability; ability to collaborate effectively with model owner/sponsor counterparts as well as internal audit and regulators. - Effective presentation and strong spoken and written communication skill is essential. 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.



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