Senior Manager, Model Validation - AI, Global Risk Management

Scotiabank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Senior Manager, Model Validation & Approval. This role focuses on validating AI applications, managing compliance initiatives, and collaborating with cross-functional teams. An advanced degree in a quantitative field, coupled with a strong background in AI and ML, is essential. The successful candidate will enjoy a competitive rewards package and career development opportunities within an inclusive environment.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• Master's or above in Mathematics, Physics, Computer Science, or related field.
• Strong expertise in AI/ML applications in financial services.
• Experience with advanced generative AI techniques.

Responsibilities

• Develop and promote Model Validation Guidelines for AI applications.
• Manage validation projects and collaborate with various teams.
• Stay updated on industry developments regarding Generative AI.

Skills

AI and ML expertise

Generative techniques

Conflict management

Collaboration

Education

Advanced degree in quantitative fields

Tools

Google Agent Development Kit

OpenAI Agents SDK

CrewAI

LangGraph

Microsoft Agent Framework

Job description

Requisition ID: 244716

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

The Senior Manager, Model Validation & Approval provides independent and consistent validation and approval of models across a wide range of types, including market risk, credit risk, asset-liability management, liquidity risk, fraud detection, anti-money laundering, and artificial intelligence (AI) and machine learning (ML).

This role is primarily responsible for validating Generative AI, AI Agents, and Agentic AI applications deployed within Scotiabank’s production environment. The Senior Manager will work closely with multiple stakeholders, including Global AI & ML, Data & AI Risk, AI & Ethics Governance, and other teams across the Bank involved in developing, deploying, and governing these applications, ensuring compliance with the Bank’s Model Risk Management Policy (MRMP) and regulatory expectations. In addition, the role will occasionally respond to requests from internal and external auditors, as well as regulators.

Responsibilities

• Under the guidance of their manager, develop, maintain, and promote Model Validation Guidelines for Generative AI, AI Agents, and Agentic AI applications, consistent with the Bank’s MRMP and applicable regulatory requirements.
• Support the Director in validating Generative AI, AI Agents, and Agentic AI applications across the enterprise, adhering to the Model Validation Guidelines.
• Independently manage validation projects or collaborate with team members from various groups within Global Model Risk Management (GMRM); review model documentation, research new methodologies and validation techniques, and design and implement validation test plans.
• Prepare and deliver reports summarising findings and providing opinions to the VP, GMRM, and/or senior management.
• Stay abreast of industry and regulatory developments and evolving expectations regarding Generative AI, AI Agents, and Agentic AI applications.

Qualifications

• Advanced degree (Master’s or above) in quantitative fields such as Mathematics, Physics, Computer Science, Financial Mathematics, Financial Engineering, or Economics.
• Strong expertise and practical experience in AI and ML, with a focus on applications in financial services across both financial and non-financial models. Proficient in advanced generative techniques, including Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Diffusion Models, Flow Matching, and Transformer architectures.
• Demonstrated expertise in foundation models that power generative AI applications, with a strong focus on their transfer learning capabilities for downstream tasks such as content creation, synthetic data generation, and coding.
• Strong knowledge and hands‑on experience with AI Agents and Agentic AI, including familiarity with frameworks such as Google Agent Development Kit, OpenAI Agents SDK, CrewAI, LangGraph, and Microsoft Agent Framework (considered an asset).
• Strong conflict management skills and the ability to collaborate effectively with model owners, developers, auditors, and regulators.
• Candidates with expertise in AI and ML—particularly Generative AI, AI Agents, and Agentic AI—will be the primary focus for this vacancy. Experience and working knowledge across other risk and model types within the department’s current scope, especially the application of AI and ML models in these areas, will be considered an asset.

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.

Candidates must apply directly online to be considered for this role.

We thank all applicants for a career at Scotiabank; however, only those candidates selected for an interview will be contacted.