manager, operations - manufacturing

Scotiabank; Toronto; On-site; Full time

Job summary

Scotiabank is seeking a Manager, Model Validation in Toronto for a full-time, permanent position. This role is key to ensuring model compliance, conducting validations of various risk models, and interacting with stakeholders. The position offers competitive rewards, career development opportunities, and a collaborative environment.

Benefits

Performance bonuses

Share programs

Pension plan

Health benefits

Career development opportunities

Qualifications

• Master's or Ph.D. preferred.
• Industry certifications like CFA or FRM are assets.
• Experience with trading products (IR, FX, Equity, Commodity) is desired.

Responsibilities

• Validating Market risk, counterparty credit risk models, and stress testing models.
• Conducting statistical tests and coding analyses.
• Providing reports and recommendations to senior management.

Skills

Communication

Presentation

Programming

Model Validation

Quantitative Analysis

Education

Advanced degree in Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, or Financial Engineering

Tools

Matlab

C++

Python

Job description

Title posted on CareerBeacon - Manager, Model Validation

Posted on May 31, 2025 by Employer details Scotiabank

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Job details

Requisition ID: 226773

Join a purpose-driven, high-performing team committed to results. This role involves executing initial and ongoing model validations/approvals to ensure compliance with regulatory requirements and internal policies.

Responsibilities include:

• Validating and reviewing Market risk, counterparty credit risk models, trade surveillance models, and stress testing models.
• Performing detailed quantitative and technical reviews, designing validation frameworks, conducting statistical tests, and coding analyses.
• Reviewing validation documentation for accuracy and completeness.
• Researching and developing new validation techniques.
• Providing reports and recommendations to senior management.
• Managing stakeholder relationships and supporting audit and regulatory responses.

Qualifications:

• Advanced degree in Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, or Financial Engineering (Master's or Ph.D. preferred).
• Industry certifications such as CFA or FRM are assets.
• Knowledge of derivative pricing, credit risk, market risk modeling, and FRTB preferred.
• Experience with trading products like IR, FX, Equity, Commodity.
• Strong communication and presentation skills.
• Proficiency in programming languages such as Matlab, C++, Python.
• Understanding of machine learning and AI concepts.

What’s in it for you?

• Inclusive, collaborative environment fostering creativity and success.
• Competitive rewards including performance bonuses, share programs, pension, and health benefits.
• Career development opportunities.

Location: Toronto, ON. On-site. Salary: $27.00 to $79.00/hour. Full-time, permanent position. Starts ASAP. 1 vacancy.

Advertised until June 29, 2025.

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