Manager, Enterprise Stress Testing - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 188534

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

Purpose of Job:

Responsibilities:

Develop and maintain the Preprovision net revenue (PPNR) models for the wholesale and retail portfolios using technology platforms, primarily in Python and R. The models will assess the impact of macroeconomic scenarios and contagion events, using internal expertise and historic information. The scope is over all revenuegenerating products, including retail, nonretail and wealth. Primary (but not exclusive) drivers which need to be projected are business volumes and margins.
Develop and implement regression models using highly developed technical skills for projecting revenue as a function of macroeconomic time series variables
Effectively inform and document model approaches, assumptions, model inputs used and modelling processes; work with the Model Validation team to assure timely and satisfactory validation
Assist other stress testing staffs by providing and explaining the model results, collaborating with all business lines to discuss model output overlays
Respond to inquiries from regulators, Audit and executive management about modelling results and techniques and any limitations or assumptions embedded in the models
Execute and enhance the production runs for stress testing exercises
Develop and maintain the technology platform for data visualization and enhanced review process

Job Requirements:

Advanced degree in Economics, Finance, Statistics, Mathematics, Engineering or other related quantitative discipline. Some knowledge of accounting preferred. Excellent statistical skills, some experience within risk management, preferably in a model development role
Proficiency in Python, R or related programming languages and platforms
Advanced quantitative modeling skills (e.g., advanced statistical models, econometric models)
Designation such as FRM, PRM or CFA are desirable
The types of results produced by the models will cover a broad range of measures used in the Bank, such as capital, PCL and liquidity. Therefore the position requires a high degree of adaptability and the ability to learn new concepts quickly
The incumbent should have strong communication skills. The position requires an ability to efficiently interact and inform with many stakeholders across of a variety of areas
Working knowledge of basic Linux or UNIX systems is desired. Experience with version control software (Git, SVN etc.) is an asset

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.