**Job Title:** Senior Manager, Model Risk Management
**Requisition ID:** 213475

Join a purpose-driven team committed to delivering results in an inclusive and high-performing culture. The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, provisioning, and capital models.

**Key Responsibilities:**

*Model Validation*
- Lead the independent validation of IFRS 9 provisioning models across all business lines, assessing their adequacy, effectiveness, and compliance with regulatory requirements.
- Conduct comprehensive reviews of data processing, including independent replication of data extraction and data manipulation steps, and assess the suitability of data sources.
- Evaluate model assumptions, methodologies, and outputs, including macroeconomic forecasts; assess model performance using quantitative tests.
- Provide feedback to model developers and communicate validation results to model owners, recommending actions for deficiencies.
- Complete validation reports and ensure documentation accuracy for audits and regulatory reviews.
- Conduct annual model risk rating assessments and manage the IFRS 9 model inventory, ensuring timely updates and compliance.

*Team Leadership*
- Manage a team of model validators, providing guidance and performance management.
- Develop and implement model validation strategies aligned with regulatory requirements and industry best practices.

*Regulatory Compliance*
- Ensure compliance with relevant regulatory requirements and internal policies.
- Stay updated on industry developments and recommend improvements to validation processes.

*Stakeholder Management*
- Engage with key stakeholders to facilitate validation processes and resolve escalations.
- Communicate complex technical information effectively to varied audiences.

**Required Education & Experience:**
- Master’s or PhD level education with exposure to quantitative/statistical methods.
- 5+ years of experience in risk and financial model development and/or validation in a financial institution.
- Knowledge of IFRS 9 and credit risk management practices.
- Industry certifications (e.g., FRM, CFA) are an asset.

**Required Functional & Technical Competencies:**
- Proficiency in statistical packages (Python/SAS/R/MATLAB) with advanced Python skills preferred.
- Strong data analysis and statistical modeling skills.
- Knowledge of data visualization tools for effective communication.
- Understanding of retail and non-retail lending businesses.

**Behavioral Competencies:**
- Self-driven leader capable of managing multiple priorities and projects.
- Effective presentation and communication skills.
- Strong problem-solving abilities and flexibility in approach.

**What’s in it for You:**
- Opportunity to join a collaborative and innovative team.
- Diverse opportunities for professional development.
- Internal training to support your growth.
- An inclusive workplace that promotes creativity and team success.
- Hybrid work environment with modern office facilities.

**Location:** Toronto, Ontario, Canada

Scotiabank values the unique skills and experiences of each individual and is committed to creating an inclusive environment. If you require accommodation during the recruitment process, please let our Recruitment team know.

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest; however, only those selected for an interview will be contacted.