Manager, Model Validation
2 weeks ago
Requisition ID: 148530 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Manager in Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity, commodity and credit derivatives. This manager is primarily responsible to validate FX and commodity derivative pricing models used in Scotiabank’s production. She/he will collaborate with multiple stakeholders from groups including Global Analytics & Financial Engineering (GAFE) and Trading Floor Risk Management (TFRM) on a regular basis, and occasionally respond to internal and external audit’s requests. **Responsibilities**: - Support Director/Senior Manager to validate derivative pricing models used in capital market and risk management for various purposes including P/L calculation, sensitivity calculation and limit monitoring - Manage the validation projects independently or work in a group; review model documentation; conduct research on new methodology and validation techniques; design and implement validation test plan - Provide reports for the summary of findings and opinion to the model approval committee. - 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 large-scale projects as required - Keep abreast of industry and regulatory developments and evolving expectations; develop relationships with counterparts at other financial institutions **Job Requirements**: - Advanced degree in quantitative fields such as Mathematics, Physics, Computer Science, Financial Mathematics, Economics, Financial Engineering (Master or above) - Industry certification or credentials will be an asset (e.g. CFA, FRM) - Strong knowledge in applied math/statistics and numerical method such as Monte Carlo simulation, Binomial/Trinomial Tree and numerically solving PDE - In-depth knowledge in one or more of the following product types and modeling technique is preferred: equity derivatives,, interest rate, derivatives, commodity derivatives, FX, credit derivatives and local/stochastic volatility modeling - Strong knowledge and/or work experience on Artificial Intelligence (AI) and Machine Learning (ML) will be an asset - Effective project and time management in order to efficiently deliver concurrent projects with competing priorities and good quality - Ability to supervise as well as 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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Manager, Model Validation
6 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 174453 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital...
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Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 205789 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Model Validation & Approval area provides self-reliant and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other key risk/financial...
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Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 159745 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: Executes initial and ongoing model validations/approvals to ensure model risk management initiatives are in compliance with regulatory requirements and internal policies/procedures. **Responsibilities**: - Assist...
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Manager, Model Validation
2 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 172006 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Manager in Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity,...
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Manager, Model Validation
6 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 157942 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Manager in Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity,...
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Manager, Model Validation
6 days ago
Toronto, Canada Scotiabank Full timeRequisition 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...
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Manager, Treasury Models Validation
4 days ago
Toronto, Canada BMO Financial Group Full time100 King Street West Toronto Ontario,M5X 1A1 Performs validation of Treasury models (Structural Market Risk and PPNR models) and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure...
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Manager, Treasury Models Validation
1 week ago
Toronto, Canada BMO Financial Group Full time100 King Street West Toronto Ontario,M5X 1A1 Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks....
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Senior Manager
1 day ago
Toronto, Canada BMO Full timeJoin to apply for the Senior Manager - Model Validation role at BMO . Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of...
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Manager Erm Model Validation
2 weeks ago
Toronto, Canada Canada Life Assurance Company Full time**Job Description**: Enterprise Risk Management (ERM), part of the Global Risk and Compliance Function, designs, coordinates, implements, and maintains core risk management processes across all regions, business units, and risk types within Great-West Lifeco. Our processes facilitate the Corporation’s enterprise risk management framework and ensure...
