Scotiabank

Manager, IFRS 9 Modelling & Analytics

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Graduate degree or advanced training in a quantitative discipline with predictive modelling or machine learning skills.
  • Proficient in Python and excellent computing development skills.
  • Strong communication skills for engaging stakeholders across various functions and summarizing data effectively.
  • Familiarity with Linux or UNIX systems and version control software like Git.
  • 1+ years of experience in financial services focused on IFRS 9, AIRB, or similar models is preferred.
  • Power user of Microsoft Office Suite including PowerBI, Excel, Word, PowerPoint.
  • Domain expertise in wholesale exposures and risk management practices.

Responsibilities

  • Develop credit risk models for Business Banking portfolios regarding IFRS 9 and CECL.
  • Enhance and automate processes for timely results analyses and SOX controls.
  • Collaborate with stakeholders to support ongoing financial disclosure and regulatory reporting.
  • Assist stress testing teams using IFRS 9 models for Enterprise-Wide Stress Testing.
  • Document models and processes, ensuring timely validation with the validation team.
  • Integrate the Bank's risk appetite into daily operations and decision-making.
  • Ensure adherence to operational risk and regulatory compliance risk frameworks.

Benefits

  • Opportunity to work with a collaborative team of innovative thinkers.
  • Diverse professional development opportunities and a rewarding career path.
  • Multiple career paths and progression opportunities based on talent, not just the role.
  • Commitment to community impact for employees and customers alike.
  • Inclusive work environment that values ownership, creativity, and celebrates success.
Full Job Description
Requisition ID: 273084

As the Manager, Credit Risk Modelling and Analytics, Enterprise Stress Testing, you will contribute to the overall success of the IFRS 9 and CECL credit risk modelling, analytics, and reporting for Business Banking portfolios. You will ensure specific individual goals, plans, 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.

What you'll do in this role?

You will report directly to a Senior Manager or Director and be a critical member of a team overseeing the IFRS 9 and CECL models, and related internal and regulatory processes. You will access to a modern machine learning stack that includes open-source development environments, and data visualization business intelligence tools to support - from conception through execution and governance - the IFRS 9 and CECL models covering the Bank's Business Banking portfolio. You will collaborate, on a regular basis, with a wide range of stakeholders and internal/external partners including Model Validation and Governance, Finance, Business Lines Partners, Compliance and Audit.

  • Develops credit risk models for the Business Banking portfolio that predict probability of default, loss given default, exposure as default for IFRS 9 and CECL provisioning and financial reporting.
  • Builds, enhances, and automates processes to facilitate timely execution and analyses of quarterly results, SOX controls, model impacts, and macroeconomic sensitivities.
  • Works with stakeholders and technology teams to implement and execute models and analyses in support of on-going financial disclosure, regulatory reporting, and ad hoc analyses.
  • Supports stress testing teams who will use the IFRS 9 models for Enterprise-Wide Stress Testing and other ad hoc stress tests.
  • Documents all models and processes developed and works with the model validation team to ensure timely and satisfactory validation.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of his/her 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.


What we're looking for?
  • Predictive modelling or machine learning, statistical, and programming skills gained through a graduate degree or advanced training in a quantitative discipline are required.
  • Excellent computing development skills is required. Specifically, knowledge and proficiency in Python is required.
  • Excellent communication skills and the ability to communicate with stakeholders across a wide variety of functions is required. The ability to clearly summarize and display data is required.
  • The candidate must demonstrate the ability to quickly grasp and embrace new concepts and technologies.
  • Experience with Linux or UNIX systems and version control software such as Git is required.
  • 1+ years of experience in financial services building IFRS 9, AIRB, or similar models is preferred.
  • Power user of Microsoft Office (PowerBI, Excel, Word, PowerPoint,)
  • Domain expertise with wholesale exposures and/or risk management practices
  • FRM, CFA credentials


Is this role right for you?
  • You believe, first and foremost, in always doing the right thing and doing things the right way
  • You are comfortable with ambitious but realistic goals and are committed to achieving them
  • You are social, engaging, not afraid to ask questions and relish the opportunity to learn from global partners across the firm
  • You relish the opportunity and yet also understand the responsibility and weight that comes with the fact that the output of your models will directly influence the bank's financial statements
  • You can read complex and lengthy regulatory requirements and identify opportunities for optimization while always remaining committed to compliance excellence
  • You have a genuine love, passion and talent for programming, data, and modeling
  • You are committed to quality in everything you do - statistically, process and governance wise
  • You look forward to sharing your insights through high-quality verbal & written communications

What's in it for You?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Multiple career paths and innumerable progression opportunities. We hire you for your talent and not just for the job. We want to see you succeed not just in your role but in your career as a whole
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!


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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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