Manager, Model Risk Governance

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading bank in the Americas is seeking an experienced professional to lead quality control in model risk governance in Toronto. The role requires strong analytical skills and experience in risk management. You will oversee compliance and reporting while collaborating with various business units. Competitive rewards package and inclusive environment ensure career growth from day one.

Benefits

Competitive rewards package

Performance bonus

Medical, vision, dental benefits

Professional development opportunities

Qualifications

• 1+ year of experience in risk management, audit, internal controls or related functions.
• Strong knowledge of internal control design, implementation, testing.
• Self-starter who can work in a fast-paced environment.

Responsibilities

• Lead and oversee the implementation of quality control measures.
• Support governance processes and BAU activities.
• Manage internal control processes related to model risk.

Skills

Fluency in Spanish

Proficient coding skills (R, Python, SQL)

Data analysis and report development skills

Excellent written and communication skills

Ability to manage multiple priorities

Education

Bachelor’s degree in commerce, economics, computer science or related field

Tools

Power BI

SQL

Python

Excel

SAS MRM

IBM OpenPages

Job description

In this role you will:

• Lead and oversee the implementation of quality control measures to ensure the model inventory platform is consistently accurate and up to date, maintaining reliable model inventory data and ensuring all required controls are in place.
• Actively support governance processes and BAU activities, including the model inventory attestation process, model monitoring process, assessments of new risk initiatives, and relevant model approving committee meetings.
• Support and review model risk dashboards, reporting and metrics using information from the Bank’s model inventory, including model risk reports for Senior Management and Board-level presentations.
• Provide support to various business units/teams such as MVA, BGRO, Audit, Finance, and Compliance by responding to information requests concerning model governance and model inventory.
• Support design, review, and ongoing enhancements to existing policies, procedures and frameworks required for compliance with the new E-23 MRM Guidelines.
• Lead thematic reviews across all subsidiaries to ensure compliance with policies and procedures, analyze data to identify systematic themes and areas for improvement.
• Manage internal control processes related to model risk, including RCSA, CRCA, and NIRA activities by ensuring thorough documentation and effective risk mitigation.
• Leverage advanced tools (e.g., Power BI, SQL, Python, VBA) to drive innovation and automation in reporting, monitoring, and governance processes, reducing the need for manual reviews.
• Participate in researching industry best practices in model risk management and model risk governance, focusing on regulatory and audit expectations.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

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

• Bachelor’s degree or higher in commerce, economics, computer science, data science or a related business field with a strong data science and analytical background.
• Fluency in Spanish and proficient coding skills (R, Python, SQL, etc.) are considered an asset.
• 1+ year of experience in risk management, audit, internal controls or a related risk identification and reporting function preferred.
• Strong knowledge of databases and systems for model inventory management (SAS MRM, IBM OpenPages).
• Strong knowledge of internal control design, implementation, testing and documentation.
• Strong software skills (data analysis and report development, Excel, Power BI, PowerPoint, etc.).
• Excellent written and communication skills and the ability to work collaboratively with stakeholders.
• Self‑starter who can manage multiple priorities in a fast‑paced environment.
• Skilled at simplifying complex problems into concise, insightful, and visually compelling PowerPoint presentations that drive decision‑making.

What’s in it for you?

• An inclusive and collaborative work environment that values curiosity, ownership, and celebrates success.
• Access to professional development, internal training, and a rewarding career path with diverse opportunities.
• A competitive rewards package including base salary, performance bonus, pension matching, profit‑sharing, paid vacation, personal & sick days, medical, vision, dental benefits, and more from day one.

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 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 selected for an interview will be contacted.