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Senior Manager, Climate Risk Modelling, Enterprise Stress Testing

10 hours ago


s Canada Ontario Toronto Scotiabank Global Site Full time

Requisition ID: 247955

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

Contributes to the overall success of climate risk modelling globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Takes a leading role to develop new models to assess the impact of transition and physical risks due to climate change on the Bank.  Responsibilities include:
    • Conduct research of best practices for financial modeling of climate related risks
    • Explore model methodologies, and make sound recommendations
    • Evaluate and understand implications of different data sources and global climate scenarios
    • Build models and run analyses to test sensitivity of assumptions
  • Develop appropriate metrics and reporting to support use of climate scenario analysis for climate risk and opportunities; Clearly communicate methods and results to stakeholders
  • Collaborate across Bank to integrate climate risk into Bank's processes, including supporting other stress testing functions to develop climate risk stress testing
  • Documents all models and processes developed and works with the model validation team to ensure timely and satisfactory validation.
  • Takes a leading role in managing relationships with subsidiaries globally. Works with subsidiaries to understand needs, provide analysis, and support interpretation.
  • Builds, enhances, and automates processes to facilitate ongoing monitoring and maintenance of models and analyses of quarterly results. Executes quarterly processes and is accountable for the timely analysis of quarterly results. Produces ad hoc analyses as required.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champions a high performance environment and contributes to an inclusive work environment.

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

  • Degree in advanced quantitative discipline
  • 2+ years of experience in financial services building retail IFRS 9, AIRB, or similar models is required
  • Proficiency in R or Python is required
  • Excellent communication skills required, with ability to communicate to variety of stakeholders
  • Exposure to data science, probabilistic modelling, and ability to manipulate large amounts of data
  • Familiarity with geospatial modelling and tools (e.g. ArcGIS, geopandas) is an asset
  • Experience independently building quantitative models is desired
  • Exceptional problem solving skills and attention to detail
  • Knowledge of OSFI B-15 Climate risk management and global climate scenarios is required

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.