Manager, IFRS 9 Modelling & Analytics

Scotiabank•Toronto, ON

6d•Onsite

About The Position

As Manager, IFRS 9 IB Modelling, Enterprise Stress Testing, you will contribute to the overall success of IFRS 9 credit risk modelling, analytics, and reporting for the bank’s International Banking retail portfolios. 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 conducted are in compliance with governing regulations, internal policies, and procedures. You will report directly to a Senior Manager or Director and be a critical member of the team overseeing the forward-looking Probability of Default (PD) and Loss Given Default (LGD) models used to estimate credit risk for retail lending products. With access to a modern machine learning stack that includes open-source development environments, you will be responsible for PD, LGD, and other models development, implementation, and maintenance for International Banking Retail portfolios. You will collaborate, on a regular basis, with a wide range of stakeholders and internal/external partners including Model Validation and Approval, Retail Provisions, Compliance, and Audit.

Requirements

Advanced degree in Economics, Finance, Statistics, Mathematics, Physics, Engineering or other related quantitative discipline
Predictive modelling or machine learning, statistical, and programming skills gained through work experience, a graduate degree, or other advanced training in a quantitative discipline
The ability to quickly grasp and embrace new concepts and technologies
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
Highly proficient in one or more programming languages (Python, R, SAS etc.), SQL and multiple environments (Unix, Linux and Windows)
Experience with version control software such as Git is required

Nice To Haves

Knowledge about credit risk models/scorecards and IFRS 9 modelling is an asset
Experience with cloud platform such as GCP and Azure is an asset
Experience with Power BI and Tableau for data visualization and interactive dashboards is an asset

Responsibilities

Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Develop credit risk models for the IB retail and small business portfolios that predict probability of default or loss given default for IFRS 9 provisioning and financial reporting
Document all models and processes developed and work with the model validation team to ensure timely and satisfactory validation
Support the integration of new models into IFRS 9 and Enterprise-Wide Stress Testing analytics and reporting processes
Work with stakeholders and technology partners to implement and test the models in user acceptance testing and production environments
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 the 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