Manager Development For Non-Scorable Small Business IFRS9 Models 14 month contract

Requisition ID: 227850

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

The Internal Ratings Management unit in Global Risk Management is responsible for credit risk modelling for Banks Business Banking portfolio. It includes but not limit to developing borrower risk rating models and managing the risk rating system for all Business Banking customers conducting the estimation of credit risk parameters for the regulatory capital purpose and providing guidelines of how to use the risk rating models and risk parameters to business partners. The banks goal is to beThe Leading Bank in The Americasby puttingCustomers First.As an important function in the Global Risk Management of the bank in order to contribute to achieving this goal we need to build aWinning Teamthat can manage and govern stable high-performing models and provide our business partners with the best analytic insights and advices. The models that we build underpin risk-management decisions that impact business banking customers and keep hundreds of $billions safe every single day.

As a Manager you will report directly to a Senior Manager or Director and be a critical member of a team overseeing risk parameter estimation models and related internal and regulatory processes. You will support from conception through execution and governance the credit risk parameter estimation models covering the Banks entire Business Banking portfolio. You will collaborate on a regular basis with a wide range of stakeholders and internal partners including Model Validation and Governance Finance Business Lines Partners Compliance and Audit.You will have access to a modern machine learning stack that includes open source development environments and data visualization business intelligence tools.

Under the guidance of your Director your team of risk modeling experts will use these tools to develop advanced risk estimation models that will be used to make decisions worth $billions every month and therefore they need to be not only precise and accurate but highly stable explainable compliant secure and useful. You will be responsible for understanding the goals & priorities set for you executing them efficiently with a perpetual eye on quality asking questions often and delivering results in harmony with your teammates.

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

• Develop implement and maintain risk quantification methodologies for Business Banking (including small business) credit risk parameters.
• Perform research and analysis of applicable methodologies; present and recommend appropriate alternatives; test and implement modelling methodologies.
• Benchmark internal results with external models or data sources; provide analysis and recommend actions as appropriate.
• Implement and maintain a rigorous framework of internal controls and comprehensive documentation for various applications and databases used in parameter estimation models.
• Communicate results of analyses through documentation to internal/external audiences and effectively manage the interface with relevant parties such as Validation Audit and Regulators.
• Keep abreast with advances in credit risk analytics developments products and applications by vendors consultants regulatory agencies and competitors. Recommend/develop enhancements appropriate for the Bank.

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

• 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 banks financial statements
• You can read complex and lengthy regulatory requirements and identify opportunities for optimization while always remaining committed to compliance excellence
• You understand what PDs LGDs & EADs really are from the ground up
• 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
• Excellent computing development skills particularly statistical and database modeling tools; well-developed ability to adapt to various programming languages and environments.
• 1 year of hands-on experience in quantitative analysis and machine learning; exposure to quantitative analysis related to credit risk management and modeling is preferred.
• In-depth understanding of statistical techniques and procedures related to analysis of various distributions regression modeling monte-carlo simulation and bootstrapping techniques.
• Well-developed writing and presentation skills including competence in comprehensively and concisely reporting and presenting the results of complex analyses.
• Ability to efficiently manage multiple priorities to ensure timely delivery.
• Attention to details independence and ability to effectively collaborate in teamwork.
• Flexibility and creativity in problem solving.
• A graduate degree (or equivalent) in Statistics Computer Science or comparable quantitative discipline that includes rigorous exposure to statistical knowledge and techniques.

• 1 years of experience in hands-on quantitative/statistical analysis preferably related to the non-retail credit risk area in a major financial institution.
• Able to work remotely and on-site on multiple activities simultaneously and meet deadlines
• Experience developing credit risk models
• Experience working within Basel regulatory capital requirements framework
• Domain expertise with Business Banking exposures and/or risk management practices
• FRM CFA credentials
• Experience training and deploying machine learning models using common Python open source frameworks (e.g. scikit-learn Numpy Pytorch)
• Microsoft Office (Excel Word PowerPoint Teams PowerBI) power user

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.