Manager, Model Risk Governance

Scotiabank; Canada; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking financial institution as a Manager in Model Risk Governance. In this pivotal role, you will support the design and implementation of the Bank's model risk governance process, ensuring compliance and enhancing operational efficiency. Collaborate with various business units to create insightful reports and dashboards, while also leading thematic reviews to ensure adherence to policies. This role offers a dynamic environment where your analytical skills will drive improvements and foster a culture of excellence. With competitive rewards and opportunities for career development, this is your chance to make a significant impact.

Benefits

Performance Bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from Day One

Career Development Opportunities

Qualifications

• 1+ year of experience in risk management or related functions.
• Strong knowledge of databases for model inventory management.

Responsibilities

• Analyze business processes to support Model Risk Governance activities.
• Maintain an accurate inventory of models and ensure data reliability.

Skills

Analytical Skills

Risk Management

Communication Skills

Data Analysis

Collaboration

Education

Bachelor's Degree in Commerce

Bachelor's Degree in Computer Science

Bachelor's Degree in Data Science

Tools

SAS MRM

IBM OpenPages

Excel

Power BI

R

Python

SQL

Job description

Requisition ID: #

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

The Manager, Model Risk Governance, supports the design, implementation, and maintenance of the Bank’s model risk governance process. This includes models related to market risk, retail and non-retail credit risk, operational risk, capital, and treasury models.

This role is part of the Model Risk Governance unit within Global Model Risk Management (GMRM), which provides independent and consistent model validation, approval, and governance across various risk portfolios.

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

1. Analyze business processes and identify improvements to support Model Risk Governance activities and the implementation of governance tools (e.g., SAS MRM, IBM OpenPages).
2. Maintain an accurate and up-to-date inventory of models and ensure the reliability of model inventory data.
3. Support the model inventory attestation process across all Bank areas and relevant committees.
4. Assist in the development of dashboards, reports, and metrics using model inventory data.
5. Support and coordinate the creation of model risk reports for senior management and the Board.
6. Collaborate with business units, MVA, BGRO, Audit, Finance, and others on information requests related to model governance.
7. Participate in governance activities, including compliance attestations and regulatory reporting.
8. Contribute to the review and enhancement of the Bank’s model risk framework, policies, standards, and other governance documents.
9. Research industry best practices in model risk management and governance, focusing on regulatory and audit expectations.
10. Support updates to policies and procedures to comply with upcoming E-23 MRM Guidelines (due Sept 11, 2025).
11. Lead thematic reviews across subsidiaries to ensure policy compliance and identify areas for improvement.
12. Assist in developing automated data quality reports to improve input accuracy and reduce manual reviews.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have:

• Bachelor’s degree or higher in commerce, computer science, data science, or related fields with a strong analytical background.
• 1+ year of experience in risk management, compliance, audit, or related functions (preferred).
• Strong knowledge of databases and systems for model inventory management (e.g., SAS MRM).
• Understanding of internal control design, implementation, testing, and documentation.
• Excellent written and communication skills, with the ability to collaborate effectively.
• Proficiency in data analysis and reporting tools (Excel, Power BI, etc.).
• Good coding skills in R, Python, SQL, etc. are assets.

What’s in it for you?

• An inclusive, collaborative environment that fosters creativity and celebrates success.
• Competitive rewards: Performance bonus, Employee Share Ownership Program, Pension Plan Matching, and Health Benefits from day one.
• Opportunities for career development and progression.

Location: Toronto, Ontario, Canada

Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future." We support our customers and communities with a broad range of financial services.

We value diversity and are committed to an accessible environment. If you require accommodations during recruitment, please inform our Recruitment team. Only shortlisted candidates will be contacted.