Senior Manager, IFRS 9, Credit Risk Provisions & Analytics

Scotiabank; Canada; On-site; CAD 100,000 - 130,000; Full time

Job summary

Join a leading bank in the Americas as a Senior Manager in IFRS 9, Credit Risk Provisions & Analytics. This role involves leading credit risk analytics, collaborating with various teams, and ensuring compliance with regulations. Enjoy a competitive rewards package and career development opportunities in an inclusive environment.

Benefits

Performance bonuses

Employee Share Ownership Program

Pension Plan Matching

Health benefits from day one

Qualifications

• Master’s degree in Business, Finance, Mathematics, or Statistics required.
• Professional qualifications such as CFA, FRM, or PRM are advantageous.

Responsibilities

• Lead and foster a customer-focused culture.
• Provide credit risk analytics and insights on ECL and PCL.
• Collaborate with stakeholders to enhance the IFRS 9 process.

Skills

Fluency in Spanish

Fluency in English

Strong problem-solving skills

Education

Master’s degree in Business

Master’s degree in Finance

Master’s degree in Mathematics

Master’s degree in Statistics

Tools

Python

SQL

Job description

Requisition ID: #

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

The Senior Manager, IFRS 9, Credit Risk Provisions & Analytics leads and oversees IFRS 9 for International Commercial Banking as part of the Credit Risk Provisions & Analytics team within Scotiabank Global Risk Management. The role ensures that business strategies, plans, and initiatives are executed and delivered in compliance with governing regulations, internal policies, and procedures.

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

1. Lead and foster a customer-focused culture to enhance relationships and communication with countries across the Bank’s international footprint regarding ACL/PCL.
2. Provide credit risk analytics and insights on Expected Credit Loss (ECL) and Provision for Credit Loss (PCL) to internal clients, including Executive Offices, Finance, Business lines, Countries, and Global Risk Management executives.
3. Understand key components of IFRS 9 models such as PD, LGD, EAD, and macroeconomic factors, and continuously seek to improve the efficiency and accuracy of the ECL calculator.
4. Collaborate with stakeholders to maintain and enhance the IFRS 9 end-to-end process, including project planning, data reconciliation, model implementation, control processes, governance, and reporting.
5. Apply specialized knowledge of ECL methodology to ensure the adequacy of IFRS 9 provisions reported in external disclosures.
6. Work with internal teams such as Internal Ratings Management, Enterprise Stress Testing, IT & Systems, local Credit and Finance teams, and Enterprise Risk Management to improve ECL methodology.

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

• A Master’s degree in Business, Finance, Mathematics, or Statistics.
• Fluency in Spanish and English.
• Professional qualifications such as CFA, FRM, or PRM are advantageous.
• Proficiency in programming languages like Python and SQL.
• Knowledge of Credit Risk, IFRS 9, and CECL regulations.
• Strong problem-solving skills and ability to work under tight deadlines.
• Experience working on projects and managing multiple priorities.

What’s in it for you?

• An inclusive and collaborative environment that encourages creativity and celebrates success.
• A competitive rewards package including performance bonuses, 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 help our customers, families, and communities succeed through a wide range of services including banking, wealth management, and capital markets.

We value the unique skills and experiences each individual brings and are committed to an inclusive environment. If you require accommodations during the recruitment process, please inform our Recruitment team. Only shortlisted candidates will be contacted. Thank you for your interest in a career at Scotiabank.