Manager, Model Validation (16 month contract)

Requisition ID : 210086

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

Scotiabank is looking for a highly motivated and qualified Manager, Model Validation to support our objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions

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

• Support the model validation team to mitigate the model risks
• Discover and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
• Provide subject matter expertise on models’ strength and weakness and recommend practical solutions
• Validate models assigned by model governance committee
• Discuss validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
• Utilize express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
• Review model documents and conduct test runs on model codes
• Provide different view on methodology and calculations, and provide feedback to model developers
• Work on model validation reports with hiring manager and provide ad hoc support as necessary

Do you have the skills that will enable you to succeed? We’d love to work with you if you have :

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.