Scotiabank

Manager, Forecasting Models - Retail & Small Business

Scotiabank$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Mathematics, Computer Science, Engineering or a related technical field
  • 2+ years of experience in analytic roles developing predictive or forecasting models
  • Strong proficiency in analytical programming languages (Python, R, SAS, etc.) and SQL
  • Demonstrated problem-solving skills and sound judgment in a cross-functional team environment
  • Robust understanding of credit risk fundamentals (PD, LGD, EAD, RWA)

Responsibilities

  • Oversee a portfolio of forecasting models and analytics processes
  • Collaborate with diverse stakeholders including Provisioning, Finance, and Compliance
  • Develop advanced risk prediction and loss estimation models
  • Ensure models meet compliance, stability, and explainability standards
  • Execute goals efficiently while maintaining high quality in work

Benefits

  • Inclusive and collaborative work environment that fosters creativity and curiosity
  • Competitive rewards package including performance bonuses and share ownership
  • Health benefits available from the first day of employment
  • Career development and progression opportunities
Full Job Description
Requisition ID: 269885

As a Manager, you will report directly to a Senior Manager or Director and be a critical member of a team overseeing a portfolio of forecasting models and analytic processes. You will support - from conception through execution and governance - the regulatory capital (AIRB) models covering all of the Bank's retail and small business product lines. You will collaborate, on a regular basis, with a wide range of stakeholders and internal partners including Provisioning, Model Operations, Finance, Collections, Model Validation and Governance, Technology & Data, Compliance and Audit.

You will have access to both traditional SAS tools and a modern machine learning stack that includes on-premise GPU computing, open source Jupyter development environments, a Hadoop cluster, containerized API model deployment and data visualization business intelligence tools.Under the guidance of your Director, your team of risk modeling experts will use these tools to develop advanced risk prediction and loss estimation forecasting models that will be used to make decisions worth $billions every month and therefore they need to be not only precise and accurate, but highly stable, explainable, compliant, secure and useful. You will be responsible for understanding the goals & priorities set for you, executing them efficiently with a perpetual eye on quality, asking questions often and delivering results in harmony with your teammates.

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

  • Lead with integrity and are committed to doing the right thing, the right way.
  • Combine intellectual curiosity with practical problem-solving to drive meaningful outcomes.
  • Embrace ambitious goals and take ownership of delivering measurable results.
  • Enjoy collaborating with diverse stakeholders and learning from colleagues across different functions, backgrounds, and technical skillsets.
  • Appreciate the responsibility that comes with developing models that directly influence the Bank's financial and regulatory reporting.
  • Can interpret complex regulatory requirements and identify opportunities to enhance efficiency while maintaining the highest standards of compliance.
  • Possess a strong understanding of credit risk fundamentals, including PD, LGD, EAD, and RWA, and can apply these concepts across a variety of portfolios and products.
  • Have a passion for programming, analytics, data, and predictive modeling, and enjoy solving complex business challenges through quantitative methods.
  • Hold yourself to a high standard of quality, rigor, and governance in both your analytical work and decision-making.
  • Communicate complex concepts clearly and effectively through both written and verbal presentations.
  • Bring energy, professionalism, and a collaborative spirit to everything you do while enjoying the journey along the way.


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

  • Bachelor's Degree in Mathematics, Computer Science, Engineering or an equivalent technical field
  • A demonstrated history of analytic problem solving and sound judgment
  • Experience as an analyst or data scientist with a track record of accomplishments working on cross-functional teams
  • Strong English-language verbal and written communications skills: the ability to distill abstract business requirements into analysis, concisely convey technical outcomes, tell a story visually with data, prepare and edit high-quality documentation and be accepted as a trusted advisor by peers
  • Able to work remotely and on-site on multiple activities simultaneously and meet deadlines.
  • Strong fundamental understanding of statistics
  • 2+ years of overall experience in analytic roles developing and using predictive, risk and/or forecasting models
  • Highly proficient in 1 or more analytical programming languages (Python, R, SAS, etc.), SQL (Teradata, Oracle, DB2, SQL Server) and multiple environments (Unix & Windows)
  • 1 or more years of experience with big data platforms / integration (Hadoop, Spark, Hive, Avro)
  • Knowledge about credit risk models / scorecards


Skills considered an asset are the following:
  • Proficient reading, writing and speaking Spanish
  • Experience with credit risk forecasting and/or financial reporting frameworks
  • Experience developing credit risk models / scorecards
  • Experience working within loss forecasting, AIRB or IFRS9 frameworks
  • Domain expertise with any retail & small business banking products and/or risk management practices
  • FRM, CFA credentials
  • Experience training and deploying machine learning models using common Python open source frameworks (i.e., scikit-learn) and/or Python DevOps
  • Microsoft Office (Excel, Word, PowerPoint, Teams, PowerBI) power user
  • Experience working with FICO / TSYS / CGI decision systems (TRIAD, OM, ACE, CACS)


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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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