Manager, Model Validation , 12 month contract (223899)
Manager, Model Validation , 12 month contract (223899)
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Job Description
Requisition ID: 223899
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
12 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 - Wed 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 and PPNR models is preferred.
- Proficient in mathematics econometric models and statistics.
- 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.
Whats 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.
Required Experience:
Manager
Employment Type
Contract
