Manager - Enterprise-wide Stress Testing (12 Month - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 190766

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

Purpose of Job:

Responsibilities:

Participate in the activities of the Enterprisewide Stress Test project, including project planning and execution
Work as a key contact person to work with Credit Risk Stress Test team to ensure timely delivery of credit risk results in stress test projects and review the results
Assist in developing regression models to project revenue as a function of economic time series variables using technology platforms, primarily in Python. The models will assess the impact of macroeconomic scenarios and contagion events, using internal expertise and historic information. The scope is all revenuegenerating products, including retail, business banking and wealth management. Primary (but not exclusive) drivers which need to be projected are business volumes and margins.
Effectively socialize 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 stress test 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:

Degree in Economics, Finance, Statistics, Mathematics, Engineering or other related quantitative discipline. Knowledge of statistical/econometric modeling and accounting is preferred.
Proficiency in Python, R or related programming languages and platforms
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, as well as passion to learn financial concepts
The incumbent should have strong communication skills. The position requires an ability to efficiently interact and socialize with many stakeholders across of a variety of areas

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.