Manager, Model Validation

Requisition ID : 203166

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

The Model Validation & Approval area provides individual and consistent model validation and approval across various risk types, including market risk, retail / non-retail credit risk, operational risk, capital models, AML and other key risk / financial models.

The Manager provides assist and execution within AML Model Validation team to ensure that Scotiabank is maintaining ongoing effectiveness of AML model validation program.

The incumbent will be independently executing data management and model quality assurance testing / validation work according to the AML model validation frameworks.

The candidate will provide continuous assist to the department by implementing successful AML model validation strategies within the bank.

Job Responsibilities :

Perform individual validation of AML models across the enterprise, including the vertical functions of (but not limited to), transaction monitoring, client risk rating, sanction screening, watch list, etc.

Liable for delivering model validation solution according to work plan; find and execute data verification and quality assurance assessments and model implementation tests;

identify material improvement opportunities in the model inputs being confirmed.

Review and provide opinions on the soundness and use of the model; develop thorough model validation reports based on the plan, procedures and requirements.

Prepare all necessary documentation related to validation assignments; ensure accuracy and completeness of archived information and related documentation to allow individual third party review of the validation work performed.

Assist the team to effectively dispute, pursuant to the model requirements, model developers and stakeholders.

Provide assist to resolve outstanding audit and regulatory issues, and to respond to ad hoc senior management and regulatory requests.

Job Requirements :

1+ year of experience in the data management or data architect, with familarity and be comfortable to handle large data

1+ year of experience in model development and / or validation.

Working knowledge of AML related regulatory requirements is preferred.

Ability to effectively utilize relational databases for data analysis and write complex SQL queries.

Proficiency in constructing and executing distributed queries from a variety of databases / sources is required.

Strong experience or background in data analysis and statistical techniques; successful ability to employ these to assess large sets of data.

Strong proficient in programming language, such as SQL, SAS, R, Python, VBA, MATLAB, etc.

Experience with Oracle Mantas AML solutions or knowledge of AML models and tools will be an asset.

Effective time management in order to efficiently deliver concurrent projects with contesting priorities.

Ability to work independently as well as a team player to deliver work assignments.

Constructive conflict management ability; ability to collaborate effectively with counterparts and stakeholders.

Effective presentation and communication skills; Strong written skill is essential.

Ability to manage efficiently multiple priorities.

Attention to details, independence, and ability to effectively collaborate in teamwork.

Flexibility and creativity in problem solving.

Advanced degree in quantitative disciplines, for example, Statistics, Mathematics, Economics, Engineering, Computer Science.

Certified Anti-Money Laundering (CAMS) designation 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.

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.