Senior Manager, GBM Model Risk Management (contract)

Scotiabank; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Senior Manager for Global Banking and Markets Model Risk Management. This pivotal role involves supporting the Head of Model Risk Management by developing and executing global policies while ensuring compliance with regulatory standards. You will manage the bank's model inventory, champion risk management policies, and collaborate with various teams to uphold governance. This opportunity promises a competitive rewards package, including performance bonuses and health benefits from day one, all within an inclusive environment that values diverse skills and experiences. Join a team committed to fostering creativity and celebrating success.

Benefits

Performance Bonus

Employee Share Ownership

Pension Plan Matching

Health Benefits

Career Development Opportunities

Qualifications

• 5+ years of experience in risk management or related fields.
• Strong understanding of model development and validation practices.

Responsibilities

• Manage the global model inventory for GBM.
• Oversee model reviews and ensure compliance with standards.
• Provide expert guidance on policies and standards.

Skills

Risk Management

Model Risk Management

Regulatory Compliance

Analytical Skills

Communication Skills

Education

Bachelor's Degree in Finance or Related Field

Master's Degree (Preferred)

Job description

Requisition ID: 223405

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

Please note: This is a 12-month, temporary, full-time opportunity.

The Senior Manager, Global Banking and Markets Model Risk Management, supports the Head of GBM Model Risk Management in developing and executing the Global Model Risk Policy, focusing on the U.S. and Europe. The program includes oversight, reporting, governance, communication, and education, providing independent review and challenge of model use to ensure compliance with global regulatory standards such as FRB SR 11-7, OSFI E-23, and PRA SS 1/23.

Key responsibilities include:

1. Managing the bank's global model inventory for GBM, including all models and relevant metadata.
2. Championing Model Risk Management Policies and aligning with industry standards as a subject matter expert.
3. Overseeing model reviews to ensure standards and business needs are met.
4. Collaborating with responsible parties to develop documentation supporting regulatory compliance.
5. Coordinating with Model Development, Validation, and Internal Audit to ensure complete documentation and compliance.
6. Providing expert guidance on policies and standards to ensure consistent interpretation across the bank's business and regulatory frameworks.

Qualifications include:

• 5+ years of experience in risk management, banking, or related policy and process teams.
• Knowledge of model risk management and relevant regulatory guidance.
• Understanding of GBM businesses and product types.
• Ability to interpret regulatory guidance into internal governance documents.
• Strong understanding of model development and validation practices.
• Ability to review and challenge model methodologies and validation documentation.
• Effective influence and communication skills across cross-functional teams.
• Strong analytical skills and attention to detail.

Benefits include:

• An inclusive, collaborative environment that fosters creativity and celebrates success.
• Competitive rewards: performance bonus, Employee Share Ownership, 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 the purpose: "for every future." We support our customers and communities with a broad range of financial services.

We value diverse skills and experiences and are committed to an inclusive, accessible environment. Please inform us of any accommodations needed during the recruitment process. Candidates must apply online. Only shortlisted candidates will be contacted.