Manager, Model Validation

Requisition ID : 244367

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

Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance.

Conduct initial and ongoing model validations / approvals to ensure model risk management initiatives are following regulatory requirements and internal policies / procedures.

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

• Assist Director / Senior Manager and / or independently validate and / or review Market risk capital models, counterparty credit risk capital models, trade surveillance models and the market risk / counterparty credit risk related stress testing models.
• Perform detailed quantitative and technical review of models, including responsibility for designing the validation framework, research on appropriate statistical / mathematical technical tests, coding / programming to analyze various aspects of model implementation and performance.
• Responsible for the review of all necessary documentation related to validation assignments, including reviewing documentation of work assignments under the incumbent's supervision; ensuring accuracy and completeness of archived information and related documentation to allow independent third‑party review of the validation work performed.
• Undertake research and development of new validation techniques.
• Comply with internal policies, procedures and regulatory requirements where applicable.
• Provide reports summarizing findings and recommendations to Senior Manager or Director.
• Manage relationships and communications with key stakeholders as identified for each validation request submission.
• Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad‑hoc senior management and regulatory requests.

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

What's in it for you?

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.

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