Manager, Model Risk Governance

Requisition ID: 222304

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

The Manager, Model Risk Governance supports the design, implementation and maintenance of the Bank's model risk governance process for models including market risk, retail and non-retail credit risk, operational risk, capital, and treasury models, among others.

This position is part of the Model Risk Governance unit within Global Model Risk Management (GMRM), which provides independent and consistent model validation, approval and governance across various risk portfolios.

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

• Analyze business processes and identify process improvements to support ongoing Model Risk Governance activities, and the implementation of the model risk governance tool (i.e., SAS MRM, IBM OpenPages).
• Ensure that an accurate and up to date inventory of models is maintained in the inventory platform and manage the process to ensure accuracy and reliability of model inventory data.
• Ensure completeness of the model inventory by supporting the model inventory attestation process across all areas of the Bank and relevant model approving committee meetings.
• Support and review model risk dashboards, reporting and metrics using information from the Bank's model inventory.
• Support and design Senior Management and Board Reporting by coordinating and supporting the process for generating model risk reports for board and senior management.
• Support business units, MVA, BGRO, Audit, Finance and others for information requests related to model governance and model inventory.
• Support ongoing governance activities as required including attestations for compliance with model risk policy, regulatory report, etc.
• Support the design, review and ongoing enhancement process for the Bank's model risk framework and model risk management policy, standards, and other governance related documents. Ensure relevant model risk processes for model inventory are followed and associated controls are in place.
• Participate in researching industry best practices in model risk management and model risk governance, with particular attention to regulatory and audit expectations.
• Support and design the enhancements to existing policies, procedures and frameworks required for compliance with the new E-23 MRM Guidelines (to be published Sept 11, 2025).
• Lead the thematic reviews across all subsidiaries to ensure compliance with policies and procedures and analyzing data to determine systematic themes and areas for improvement.
• Support the data quality and help to create an automated data quality report to manage the inputs, reducing need for manual reviews.

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

• Bachelor's degree or higher in commerce, computer science, data science or degree in business related fields with strong data science and analytical background or experience preferred.
• 1+ year of experience in risk management, compliance, audit or a related risk identification and reporting function preferred.
• Strong knowledge on databases and systems for model inventory management (i.e., SAS MRM, or any other workflow based systems).
• Strong knowledge of internal control design, implementation, testing and documentation
• Strong written and communication skills & ability to work collaboratively with stakeholders.
• Strong software skills (i.e. data analysis and report development, Excel, PBI etc.).
• Good coding skills (i.e. R, Python, SQL, etc.) are an asset.

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.