Manager, IFRS9 Modelling, Enterprise Stress Testing (10 month contract)

Requisition ID: 227645

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

As Manager IFRS 9 Modelling Enterprise Stress Testing you will contribute to the overall success of IFRS 9 credit risk modelling analytics and reporting for Canadian retail and / or small business portfolios. You will ensure specific individual goals plans and initiatives are executed / delivered in support of the teams 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 Senior Manager or Director and be a critical member of the team developing the forward-looking probability of default (PD) loss given default (LGD) or other models used to estimate credit risk for Canadian lending products. With access to a modern machine learning stack that includes open-source development environments you will be responsible for model development documentation implementation and maintenance. You will collaborate on a regular basis with a wide range of stakeholders and internal/external partners including Model Validation and Approval Retail Provisions Compliance and Audit.

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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge
• Develop credit risk models for the retail and / or small business portfolios that predict PD LGD EAD etc. for IFRS 9 provisioning and financial reporting
• Document all models and processes developed and work with the model validation team to ensure timely and satisfactory validation
• Support the integration of new models into IFRS 9 and Enterprise-Wide Stress Testing analytics and reporting processes
• Work with stakeholders and technology partners to implement and test the models in user acceptance testing and production environments
• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursue effective and efficient operations of the respective areas
• Ensure adequacy of effectiveness of and adherence to day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk AML/ATF risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and the Guidelines for Business Conduct

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

• Advanced degree in Economics Finance Statistics Mathematics Physics Engineering or other related quantitative discipline
• Predictive modelling or machine learning statistical and programming skills gained through work experience a graduate degree or other advanced training in a quantitative discipline
• Experience with Python or R including data processing with pandas or dplyr
• Excellent communication skills and the ability to communicate with stakeholders across a wide variety of functions including the ability to clearly summarize and display data
• The 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
• Domain expertise in retail credit risk and IFRS 9 is an asset
• Experience with pyspark or sparklyr for data wrangling is an asset
• Experience with matplotlib plotly seaborn or ggplot2 for data visualization is an asset
• The ability to be flexible adapt quickly to change and thrive in an evolving environment

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.