Manager, Model Validation

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading bank in the Americas is seeking a Model Validation Manager in Toronto. The ideal candidate will support the credit model validation team by mitigating model risks and providing subject matter expertise on model strength and weakness. Proficiency in Python, SQL, and quantitative risk management is essential. The role emphasizes a strong analytical background and offers a 6-month contract.

Qualifications

• 1-2 years relevant experience in a quantitative risk management field is preferred.
• Experience with AIRB credit risk models is preferred.
• Experience with financial statements analytics is an asset.

Responsibilities

• Support the model validation team to mitigate model risks.
• Discover and diagnose modeling related risks.
• Validate models assigned by the model governance committee.
• Discuss validation results with model owners and governance team.

Skills

Quantitative risk management

Mathematics

Econometric models

Statistics

Analytical skills

Numerical skills

Research skills

Problem-solving skills

Fluent in Spanish

Tools

Python

SQL

SAS

Matlab

Job description

Requisition ID: 231141

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

6-month contract

Looking for a highly motivated and qualified Model Validation Manager to support its objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.

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

• Support the model validation team to mitigate the model risks
• Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
• Provides subject matter expertise on models’ strength and weakness and recommend practical solutions
• Validates models assigned by model governance committee
• Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
• Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
• Review model documents and conduct test runs on model codes
• Provide different view on methodology and calculations, and provide feedback to model developers
• Work on model validation reports with hiring manager and provide ad hoc support as necessary

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

• 1-2 years relevant experience in quantitative risk management field is preferred.
• Experience with AIRB credit risk models is preferred.
• Proficient inmathematics, econometric modelsandstatistics.
• Strong analytical, numerical, research and problems solving skills.
• Experience with financial statements analytics is an asset.
• Fluent in Spanish is an asset
• Software skill: Python, SQL, SAS and Matlab.

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. If you require technical assistance, please click here. 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.