Senior Manager, Climate Risk Modelling, Enterprise Stress Testing
Share
Job Location:
Monthly Salary:
Posted on:
3 hours ago
Vacancies:
1 Vacancy
Job Summary
Requisition ID: 247955
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Contributes to the overall success of climate risk modelling globally ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.
Is this role right for you In this role you will:
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
- Takes a leading role to develop new models to assess the impact of transition and physical risks due to climate change on the Bank. Responsibilities include:
- Conduct research of best practices for financial modeling of climate related risks
- Explore model methodologies and make sound recommendations
- Evaluate and understand implications of different data sources and global climate scenarios
- Build models and run analyses to test sensitivity of assumptions
- Develop appropriate metrics and reporting to support use of climate scenario analysis for climate risk and opportunities; Clearly communicate methods and results to stakeholders
- Collaborate across Bank to integrate climate risk into Banks processes including supporting other stress testing functions to develop climate risk stress testing
- Documents all models and processes developed and works with the model validation team to ensure timely and satisfactory validation.
- Takes a leading role in managing relationships with subsidiaries globally. Works with subsidiaries to understand needs provide analysis and support interpretation.
- Builds enhances and automates processes to facilitate ongoing monitoring and maintenance of models and analyses of quarterly results. Executes quarterly processes and is accountable for the timely analysis of quarterly results. Produces ad hoc analyses as required.
- Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.
- Champions a high performance environment and contributes to an inclusive work environment.
Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:
- Degree in advanced quantitative discipline
- 2 years of experience in financial services building retail IFRS 9 AIRB or similar models is required
- Proficiency in R or Python is required
- Excellent communication skills required with ability to communicate to variety of stakeholders
- Exposure to data science probabilistic modelling and ability to manipulate large amounts of data
- Familiarity with geospatial modelling and tools (e.g. ArcGIS geopandas) is an asset
- Experience independently building quantitative models is desired
- Exceptional problem solving skills and attention to detail
- Knowledge of OSFI B-15 Climate risk management and global climate scenarios is required
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:
Senior Manager
Key Skills
- Arm
- Risk Management
- Financial Services
- Cybersecurity
- COSO
- PCI
- Root cause Analysis
- COBIT
- NIST Standards
- SOX
- Information Security
- RMF
About Company
Scotiabank is one of the leading foreign banks serving large national and multinational corporations in the U.S. through its Global Banking and Markets, Global Transaction Banking and Wealth Management business lines.
