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New Job Manager, Model Validation (10 Month Contract) In Ontario

Manager, Model Validation (10 Month Contract)
Manager, Model Validation (10 Month Contract)

Manager, Model Validation (10 Month Contract)

Company : Scotiabank
Salary : Details not provided
Location : Ontario

Full Description

Requisition ID: 160162

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.

The Manager will provide support to the Senior Manager by providing subject matter expertise in model validation on various types of models as well as be independently executing actual model validation work.

Job 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
  • Provide subject matter advisory support to other work streams as needed
  • 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 creditials 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.
  • General knowledge across various risk / model types, including market risk, credit risk, operational risk; propensity to develop subject matter expertise in other and/or new risk / model types.
  • Prefer minimum of 1 years experience in quantitative/statistical analysis in model development or validation areas. Experience and working knowledge in regulatory captial 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.

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. 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.