Manager, Model Validation
2 weeks ago
Requisition 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, commodity, credit derivatives and XVA. This manager is primarily responsible to validate credit serivatives and XVA models used in Scotiabank’s Global Banking and Markets 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 creditials 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, XVA and local/stochastic volatility modeling - Strong knowledge and/or work experience on Artifitial 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
2 weeks ago
Toronto, Canada TMX Group Full time**Venture outside the ordinary - TMX Careers**The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into...
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Manager, Model Validation
7 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
3 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 192592 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 self-governing and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other...
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Manager, Model Validation
4 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 244367 Join to apply for the Manager, Model Validation role at Scotiabank Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Responsibilities Assist Director/Senior Manager and/or independently validate and/or review of Market risk capital models, counterparty credit risk capital models,...
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Manager, Model Validation
4 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: Join to apply for the Manager, Model Validation role at Scotiabank Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Responsibilities Assist Director/Senior Manager and/or independently validate and/or review of Market risk capital models, counterparty credit risk capital models, trade...
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Manager, Model Validation
4 weeks ago
Toronto, Canada Scotiabank Full timeRequisition ID: 244367 Join to apply for the Manager, Model Validation role at Scotiabank Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Responsibilities Assist Director/Senior Manager and/or independently validate and/or review of Market risk capital models, counterparty credit risk capital models,...
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Manager, Model Validation
7 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
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, Model Validation
3 hours ago
Toronto, Ontario, Canada BMO Full timePerforms 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. Assesses model's capabilities, stress points...
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Manager, Model Validation and Approval
3 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 221140 Join 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...
