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Scotiabank•New York City, NY

10d

About The Position

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! Overview: Lead the development, governance, and production of models, analytics, and risk metrics for Scotiabank’s Whole Loan Mortgage and RMBS trading products. The role requires strong technical knowledge of mortgage products, modern model development practices, and the ability to interface with senior stakeholders across Risk, Trading, and Technology.

Requirements

5+ years of experience in Non-Agency Mortgage modeling and analytics, with strong technical knowledge of mortgage products and modern model development practices.
Proven ability to design, validate, and maintain models that support risk management, valuation, and regulatory compliance.
Experience embedding model outputs into risk and regulatory reporting infrastructure, ensuring accuracy and scalability across systems.
Ability to partner effectively with Trading, Risk, and Technology teams to deliver actionable analytics and insights.
A builder’s mindset—excited by the opportunity to shape a new business line, establish best practices, and create robust analytics from the ground up within a well-capitalized, globally recognized institution.

Responsibilities

Develop / maintain models that accurately capture exposures and risk metrics for internal risk reporting (including DV01, CS01, VaR, P&L attribution, and scenario-based sensitivities)
Ensure outputs are scalable and flexible enough to interface with Risk Management and Back Office within Scotiabank’s reporting infrastructure and support automated reporting workflows
Work closely with Technology to ensure accuracy and integrity of data across models and analytics feeds
Support valuation and control processes across RMBS and whole loans including price verification and periodic calibration
Collaborate with broader Analytics team to meet regulatory compliance and reporting requirements
Support the Model Risk Management team on inventory, validation, documentation, and review of models in accordance with regulatory standards and internal model risk governance
Collaborate with risk teams on the implementation of stress testing including regulatory-prescribed and internally developed stresses
Partner with trading desk to develop processes and analytics for pricing, stress testing, and scenario analysis
Monitor exposure to credit, prepayment, interest-rate, and structural risk factors in whole loan and RMBS portfolio
Provide analytics on portfolio performance and offer insights on optimizations (hedging efficiency, pricing adjustments, and relative-value opportunities)
Provide analytics and insights from market data (prepayment, delinquency, geographic performance trends, loan feature performance attribution analysis, etc.)

Benefits

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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