Senior Manager, IFRS 9 Modelling

Requisition ID: 223024

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

As Senior Manager, IFRS 9 Analytics & Modelling, Enterprise Stress Testing, you will contribute to the overall success of IFRS 9 credit risk modelling, analytics, and reporting for Canadian retail and small business portfolios. Your primary responsibility will be to develop IFRS 9 provisioning models for Canadian retail loans and manage them through their lifecycle. Over time, you will improve the efficiency and the degree of automation of our model development, monitoring, and analytics capabilities. You will ensure specific individual goals, plans, and initiatives are executed / delivered in support of the team's business strategies and objectives. You will also ensure all activities are conducted in compliance with governing regulations, internal policies, and procedures. You will collaborate, on a regular basis, with a wide range of stakeholders and internal/external partners including Global Retail Provisions, Model Validation and Approval, Compliance, and Audit.

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

• Be a leader and subject matter expert for junior modellers
• Develop and document credit risk models for retail and small business portfolios for IFRS 9 provisioning and financial reporting
• Assess the performance of candidate models to ensure that results are accurate and meaningful, and to help socialize candidate models with stakeholders
• Work with stakeholders and technology teams to implement and execute models in support of on-going financial disclosure, regulatory reporting, and ad hoc analysis
• Conduct model performance monitoring and execute SOX controls where needed
• Support model and process reviews performed by auditors or regulators
• Be flexible, adapt quickly to change, and thrive in an evolving environment
• Support the integration of new IFRS 9 models into stress testing and climate risk processes
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursue effective and efficient operations of your respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct

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

• Domain expertise in retail credit risk and IFRS 9 model development acquired through a minimum of 2 years of relevant work experience
• Advanced degree in Economics, Finance, Statistics, Mathematics, Physics, Engineering or other related quantitative discipline yielding strong modelling and programming skills
• Excellent communication skills and the ability to communicate with stakeholders across a wide variety of functions, including the ability to clearly summarize and display data
• Demonstrated ability to quickly and effectively identify and solve business and technical problems by: performing appropriate investigations, identifying solutions, weighing pros and cons of solutions, and making recommendations to management
• Experience processing data with pandas, visualizing data, and fitting models with Python
• Hands-on experience with Linux or UNIX systems and software version control with Git
• Demonstrated ability to quickly grasp and embrace new concepts and technologies
• Power user of Microsoft Office (Excel, Word, PowerPoint)
• Experience with SQL for data collection
• Hands-on experience with Power BI
• Experience with Google Cloud Platform

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.