Manager, IFRS 9 Modelling & Analytics

Scotiabank; Toronto; On-site; CAD 110,000 - 160,000; Full time

Job summary

Scotiabank is seeking a Manager, Credit Risk Modelling and Analytics, to lead IFRS 9 and CECL modelling for the Business Banking portfolio. You will drive analytics, governance, and regulatory reporting while coordinating with Validation, Finance, and Audit teams.

You will develop predictive credit risk models, automate quarterly analyses, and support enterprise stress testing. Strong Python, SQL, and communication skills are essential.

Qualifications

• Graduate training in a quantitative discipline with modelling/analytics focus.
• Strong Python coding, statistics, and data visualization skills.
• Experience communicating complex results to stakeholders.
• Familiarity with IFRS 9/CECL or wholesale credit risk is a plus.

Responsibilities

• Develop credit risk models for IFRS 9/CECL across Business Banking portfolios.
• Automate processes for quarterly results, SOX controls, and model impacts.
• Collaborate with stakeholders and IT to implement models and analyses.
• Support enterprise-wide stress testing and regulatory reporting.
• Document models and work with validation teams for timely approval.

Skills

Predictive modelling

Machine learning

Python

Statistical analysis

Data visualization

SQL

Education

Graduate degree in quantitative field

FRM or CFA credentials

Tools

Git

Linux

PowerBI

Excel

SQL

Job description

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Requisition ID: 273084
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the Manager, Credit Risk Modelling and Analytics, Enterprise Stress Testing, you will contribute to the overall success of the IFRS 9 and CECL credit risk modelling, analytics, and reporting for Business Banking portfolios. You will ensure specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. You will also ensure all activities conducted are in compliance with governing regulations, internal policies, and procedures.

What you'll do in this role?

You will report directly to a Senior Manager or Director and be a critical member of a team overseeing the IFRS 9 and CECL models, and related internal and regulatory processes. You will access to a modern machine learning stack that includes open-source development environments, and data visualization business intelligence tools to support – from conception through execution and governance – the IFRS 9 and CECL models covering the Bank’s Business Banking portfolio. You will collaborate, on a regular basis, with a wide range of stakeholders and internal/external partners including Model Validation and Governance, Finance, Business Lines Partners, Compliance and Audit.

• Develops credit risk models for the Business Banking portfolio that predict probability of default, loss given default, exposure as default for IFRS 9 and CECL provisioning and financial reporting.
• Builds, enhances, and automates processes to facilitate timely execution and analyses of quarterly results, SOX controls, model impacts, and macroeconomic sensitivities.
• Works with stakeholders and technology teams to implement and execute models and analyses in support of on-going financial disclosure, regulatory reporting, and ad hoc analyses.
• Supports stress testing teams who will use the IFRS 9 models for Enterprise-Wide Stress Testing and other ad hoc stress tests.
• Documents all models and processes developed and works with the model validation team to ensure timely and satisfactory validation.
• Understands 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 his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

What we’re looking for?

• Predictive modelling or machine learning, statistical, and programming skills gained through a graduate degree or advanced training in a quantitative discipline are required.
• Excellent computing development skills is required. Specifically, knowledge and proficiency in Python is required.
• Excellent communication skills and the ability to communicate with stakeholders across a wide variety of functions is required. The ability to clearly summarize and display data is required.
• The candidate must demonstrate the ability to quickly grasp and embrace new concepts and technologies.
• Experience with Linux or UNIX systems and version control software such as Git is required.
• 1+ years of experience in financial services building IFRS 9, AIRB, or similar models is preferred.
• Power user of Microsoft Office (PowerBI, Excel, Word, PowerPoint,)
• Domain expertise with wholesale exposures and/or risk management practices
• FRM, CFA credentials

Is this role right for you?

• You believe, first and foremost, in always doing the right thing and doing things the right way
• You are comfortable with ambitious but realistic goals and are committed to achieving them
• You are social, engaging, not afraid to ask questions and relish the opportunity to learn from global partners across the firm
• You relish the opportunity and yet also understand the responsibility and weight that comes with the fact that the output of your models will directly influence the bank’s financial statements
• You can read complex and lengthy regulatory requirements and identify opportunities for optimization while always remaining committed to compliance excellence
• You have a genuine love, passion and talent for programming, data, and modeling
• You are committed to quality in everything you do – statistically, process and governance wise
• You look forward to sharing your insights through high-quality verbal & written communications

What's in it for You?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Multiple career paths and innumerable progression opportunities. We hire you for your talent and not just for the job. We want to see you succeed not just in your role but in your career as a whole
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!

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.