Senior Manager, Credit Risk Modelling and Analytics, Enterprise Stress Testing

Scotiabank; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager, Credit Risk Modelling and Analytics in Toronto. This role involves developing credit risk models and automating processes for predictive analytics. Candidates should have a graduate degree in a quantitative discipline, with strong skills in Python and R, plus significant experience in financial services. The bank offers a collaborative and inclusive work environment with a competitive rewards package.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• 2+ years of experience in financial services building IFRS 9 or AIRB models.
• Comfortable with ambitious but realistic goals.
• Ability to read complex regulatory requirements.

Responsibilities

• Develop credit risk models predicting default and loss for IFRS 9.
• Build and automate processes for timely execution.
• Support stress testing teams with IFRS 9 models.

Skills

Predictive modelling or machine learning

Statistical and programming skills

Knowledge proficiency in Python

Knowledge proficiency in R

Experience with Linux or UNIX systems

Version control software such as Git

Excellent communication skills

Ability to summarize and display data

Education

Graduate degree or advanced training in a quantitative discipline

Tools

Microsoft Office (PowerBI, Excel, Word, PowerPoint)

Job description

Senior Manager, Credit Risk Modelling and Analytics, Enterprise Stress Testing

Requisition ID: 242730

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

As the Senior Manager, Credit Risk Modelling and Analytics, Enterprise Stress Testing, you will contribute to the overall success of the IFRS 9 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. You will report directly to a Director and be a critical member of a team overseeing the IFRS 9 models, and related internal and regulatory processes. You will access a modern machine learning stack that includes open-source development environments, cloud computing platform, and data visualization business intelligence tools to support – from conception through execution and governance – the IFRS9 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.

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

• Develop credit risk models for the Business Banking portfolio that predict probability of default, loss given default, exposure as default for IFRS 9 provisioning and financial reporting.
• Build, enhance, and automate processes to facilitate timely execution and analyses of quarterly results, SOX controls, model impacts, and macroeconomic sensitivities.
• Work 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.
• Support stress testing teams who will use the IFRS 9 models for Enterprise-Wide Stress Testing and other ad hoc stress tests.
• Document all models and processes developed and work with the model validation team to ensure timely and satisfactory validation.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

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

Must Have’s

• 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 are required. Specifically, knowledge proficiency in Python and R are 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.
• 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.
• 2+ years of experience in financial services building IFRS 9, AIRB, or similar models for wholesale exposures.

Nice to Have's

• Experienced user of Microsoft Office (PowerBI, Excel, Word, PowerPoint)
• 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?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.