Manager, Model Monitoring - Retail & Small Business

Scotiabank; Old Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Manager for Model Monitoring in Retail & Small Business. This pivotal role involves overseeing the performance of risk models, enhancing reporting processes, and collaborating with cross-functional teams to support credit risk management. You will play a crucial part in developing innovative reporting methodologies and maintaining robust data infrastructures. If you are passionate about data analytics and thrive in a dynamic environment, this opportunity offers a chance to contribute significantly to the organization's success while working in a hybrid setting. Join a team that values diversity and is committed to fostering an inclusive workplace.

Qualifications

• Post-secondary education in Computer Science, Statistics, or related field.
• Multiple years of experience in financial services role.
• Strong technical and analytical skills including programming.

Responsibilities

• Manage all reporting related to risk models and produce detailed reports.
• Develop and enhance reporting capabilities through automation.
• Foster relationships with internal partners and ensure compliance.

Skills

SQL

SAS

Python

Excel

Power BI

Google Cloud (Big Query)

Risk Data Management

Project Management

Data Management

Analytical Skills

Education

Post-secondary education in Computer Science

Statistics

Engineering

Operations Research

Mathematics

Tools

Power BI

SQL

SAS

Python

Excel

Google Cloud

Job description

Title: Manager, Model Monitoring - Retail & Small Business

Requisition ID: 212537

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

Please note this job posting will be active until January 6, 2025 to account for the holiday season. Applications will be reviewed in January 2025. Please expect a delay in the recruitment process.

As the Manager, Model Monitoring, Retail & Small Business, you will contribute to the Retail Bank’s profitability targets and management of credit risk for consumer and small business products by monitoring performance of models used for Risk Decision Support and Regulatory Capital calculations. You will work with multi-disciplinary teams to maintain, enhance and automate reporting processes and other ad-hoc analytics that may be distributed to senior management, Audit and/or OFSI.

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

1. Manage all reporting related to risk models
2. Produce accurate detailed monthly, quarterly, annual and ad-hoc risk model reports
3. Support quarterly regulatory reporting requirements by working closely with Capital Management with established SLAs
4. Ensure reports distribution to users based on established protocols
5. Develop new reports or enhance existing reports by leading the automation and optimization of reporting capabilities
6. Identify and be responsible for the ongoing maintenance and report designs by ensuring content relevance and presentation
7. Conduct research of new innovative reporting methodologies and tools. Develop new methodologies for accurate, efficient and timely reporting
8. Continually monitor and review processes and procedures in order to make recommendations for improved efficiency and usability. Identify the most effective and efficient data compilation methods
9. Foster and maintain strong relationships with internal partners including Retail Risk Models, Retail Credit Risk Canada, Risk Management Systems and Support and other areas within GRM, CIDA and IT&S
10. Keep up-to-date on best practices in data management and model monitoring techniques which can be applied to risk management models. Assist in identification and development of new methodologies for data organization to facilitate model development, parameter calibration, monitoring and reporting
11. Play a key role in the development of a robust data infrastructure for model development and analytics
12. Regularly review data sources and structures for changes or enhancements
13. Provide reporting expertise on larger scale projects with strategic implications for the Bank
14. Develop a thorough understanding of Consumer and Small Business automated support systems (I.e. origination, portfolio management, collection, and provision systems) and policies
15. Provide support during internal (GRM, Audit, BPO, Finance, Capital Management) and external (OSFI, etc.) data requests and audits

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

1. Post-secondary education focused in Computer Science, Statistics, Engineering, Operations Research, Mathematics, etc.
2. Multiple years of work experience in a similar role within the Financial Services industry
3. Experience with manipulating data using SQL, SAS, Python and Excel
4. Expertise with Power BI
5. Experience with Google Cloud technologies such as Big Query is a strong asset
6. Proven ability to work with teams in a professional and productive manner
7. Proven technical and analytical skills required including programming and data management
8. Expert knowledge of risk data management best practices
9. Working knowledge of the Risk Data Aggregation and Risk Reporting (RDARR), Basel II Framework
10. Strong knowledge of bank products and credit lending
11. Strong knowledge of sound practices in scorecard as well as PD, EAD, and LGD validation, deployment, documentation and on-going compliance
12. Strong project management and change management skills
13. Excellent interpersonal, relationship building and communication skills (written and verbal)
14. Excellent time management, planning and organizing skills to manage multiple priorities and deliver quickly under pressure
15. Efficient and flexible as from time to time, work requirements may be conducted under tight deadlines and conflicting priorities
16. Able to recognize data problems/issues, and take ownership recommendations for actions and solutions
17. Comfortability working in a hybrid work environment

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.