Manager, Model Development - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

4 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 192094

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

Purpose:

Internal Ratings Management (IRM) is responsible for:

Design, select, implement, maintain, review, provide user support for, and ensure the performance of
Business Banking AIRB models i.e. Borrower Risk Rating, Probability of Default (PD), Loss-GivenDefault (LGD), and Exposure-AtDefault (EAD).
Business Banking IFRS9 Expected Credit Loss (ECL) models.
Ensure ongoing compliance with OSFI requirements with respect to Business Banking AIRB models, and Business Banking IFRS9 ECL models.
Provide input and support for responding to questions from local regulators of BNS subsidiaries and branches.
Provide quantitative input and support to internal teams for measurement, management, and reporting of Credit Risk.
Developing models for Business Banking AIRB PD/LGD/EAD models

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

Design and implement models for Business Banking AIRB PD/LGD/EAD models
Develop, implement, and maintain risk quantification methodologies for Business Banking credit risk parameters such as PD, LGD and EAD.
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.
Ensuring effective and efficient communications with Credit and Banking groups and other relevant stakeholders during the model development process
Develop and maintain sound methodology for monitoring model performance, which allows us to identify problematic models promptly to ensure timely recalibration of models and better serve business needs.
Develop and maintain model documentations for Business Banking AIRB PD/LGD/EAD models.
Provide ongoing support to users;
Acting as a trusted advisor to identify, diagnose, and solve problems related to Business Banking AIRB models
Providing model analytical and technical support as needed
Maintain a productive working relationship with teams within BNS groups:
GBM, CCB, and International Banking and GRM Credit groups
Enterprise Risk
Senior and Executive Management
RRGC (Risk Rating Governance Committee)
Finance
Ensure compliance with various governance agents such as OSFI and other regulators, Internal Audit, and Model Validation and Approval
Broader work assignments or accountabilities may be assigned as needed.
Works independently and regularly handles nonroutine situations.
Keep abreast of the regulatory requirements and industry best practices.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have experience with:

Business and Regulatory Knowledge:

Experience with building models for compliance with government regulation.
Experience with the development of system/data requirements in a riskassessment or similar framework
Knowledge of, or experience with, regulatory requirements and their impacts.

Technical skills:

Capable of clearly understanding and articulating model design, model assumption, and model results.
Strong data manipulation/diagnostic skills and analytical/problemsolving skills, with knowledge in Python. Familiar with Git for version control.
Must be comfortable with shifting priorities, tight deadlines; work well under pressure.
Minimum Master's degree or equivalent in a quantitative discipline—science, technology, engineering or mathematics, or quantitative finance.
3 or more years of experience in a professional role with analytical, recommending and reporting disciplines is preferred.

What's in it for you?

The opportunity to join a forwardthinking company surrounded by a collaborative team of innovative thinkers.
A rewarding career path with diverse opportunities for professional development.
Multiple career paths and innumerable progression opportunities. We hire you for your talent and not just for the job. We want to see you succeed not just in your role but in your career as a whole
A competitive compensation and benefits package.
An organization committed to making a difference in our communities

- for you and our customers.

We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success

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.