Scotiabank

Senior Data Scientist - Commercial Banking Data & Analytics, Toronto

Scotiabank • $110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in Data Science, Predictive Modeling, or Machine Learning
  • Proven track record of maintaining production-level analytics platforms
  • Strong statistical modeling and model validation skills
  • Advanced proficiency in Python and SQL for large-scale data manipulation
  • Experience with enterprise datasets and data quality management
  • Strong understanding of machine learning operations and data pipelines
  • Excellent communication and stakeholder management skills

Responsibilities

  • Support and enhance the operation of a critical predictive modeling platform
  • Monitor and improve model performance through evaluation and recalibration
  • Investigate complex data quality and production issues using root-cause analysis
  • Deepen understanding of data lineage, feature engineering, and source-system dependencies
  • Collaborate with various teams to deliver platform improvements
  • Contribute to modernization initiatives and optimize legacy processes
  • Establish best practices in model development, monitoring, and deployment

Benefits

  • Influence critical analytics for Commercial Banking and Risk leaders
  • Work with complex datasets and advanced analytical tools
  • Collaborate with senior professionals across multiple teams
  • Contribute to innovative AI projects and platform modernization
  • Engage in an environment that prioritizes innovation and continuous learning
Full Job Description
Requisition ID: 275108

About the Opportunity:

We are seeking a highly analytical and technically skilled Senior Data Scientist to join our Commercial Banking Data & Analytics team. In this role, you will help support, enhance, and modernize a critical predictive modeling and analytics platform used by Commercial Banking and Risk partners across the organization.

Working closely with the Lead Data Scientist, you will play a key role in ensuring the stability, integrity, and evolution of business-critical analytical capabilities. This is an opportunity to work with complex data ecosystems, advanced predictive models, enterprise-scale datasets, and emerging AI technologies while partnering with stakeholders across Analytics, Credit, Risk, Data, and Technology teams.

If you thrive on solving complex problems, uncovering insights in large datasets, and strengthening analytical solutions that influence business decisions, we'd love to hear from you.

How You Will Make an Impact:

As a Senior Data Scientist, you will:

  • Support the operation, maintenance, and enhancement of a critical enterprise analytics and predictive modeling platform
  • Monitor, assess, and improve model performance, including recalibration, validation support, and methodology enhancements
  • Investigate and resolve complex data quality, model output, and production issues through structured root-cause analysis
  • Develop a deep understanding of data lineage, feature engineering, business rules, and source-system dependencies
  • Collaborate with Commercial Banking, Credit Risk, Data, and Technology teams to deliver platform enhancements and support production operations
  • Contribute to platform modernization initiatives and help identify opportunities to streamline legacy analytical processes
  • Support governance, documentation, controls, and model risk management activities
  • Establish and promote best practices in model development, testing, monitoring, deployment, and reproducibility
  • Serve as a key partner and backup to the Lead Data Scientist, ensuring continuity of critical analytical capabilities
  • Explore opportunities to leverage advanced analytics, Generative AI, and emerging AI technologies to create business value


What You Will Bring to the Team:

  • Extensive experience in Data Science, Predictive Modeling, Machine Learning, or a related quantitative field
  • Proven experience supporting complex analytics platforms, predictive models, or enterprise data solutions in production environments
  • Strong expertise in statistical modeling, model monitoring, performance evaluation, validation support, and model interpretation
  • Advanced Python and SQL skills, with experience performing large-scale data analysis, feature engineering, and production support
  • Experience working with enterprise datasets, data quality management, lineage analysis, and data transformation processes
  • Strong understanding of machine learning operations, production data pipelines, testing frameworks, version control, and deployment practices
  • Excellent problem-solving skills with the ability to work through ambiguity and independently investigate complex technical issues
  • Strong communication and stakeholder management skills, with the ability to translate technical concepts into business insights
  • A collaborative mindset and demonstrated ability to work across multidisciplinary teams


Must-Have:

  • University degree in Computer Science, Engineering, Mathematics, Statistics, Economics, or a related quantitative discipline
  • Significant hands-on experience in data science, machine learning, or advanced analytics
  • Advanced proficiency in Python and SQL
  • Experience supporting production-level analytical or predictive modeling solutions
  • Experience with model governance, documentation, controls, validation, or model risk management practices
  • Strong understanding of enterprise data environments and analytical workflows


Nice-to-Have:

  • Master's degree in a quantitative discipline
  • Experience with Azure Databricks, Google Cloud Platform (GCP), and BigQuery
  • Experience within Financial Services, Commercial Banking, Credit Risk, Portfolio Management, or Early Warning Analytics
  • Exposure to Generative AI, Large Language Models (LLMs), agentic workflows, or AI-assisted development
  • Experience working within regulated environments.


What's In It for You:

  • Opportunity to support and influence business-critical analytics used by Commercial Banking and Risk leaders
  • Exposure to complex enterprise datasets, predictive models, and advanced analytical environments
  • Collaborative work with senior stakeholders across Analytics, Credit, Risk, Data, and Technology teams
  • Opportunity to contribute to platform modernization and emerging AI initiatives
  • A challenging and rewarding environment that values innovation, analytical rigor, and continuous learning


Ready to Apply?

If you're passionate about leveraging data, predictive modeling, and AI to solve complex business challenges while driving meaningful impact, we encourage you to apply and join our Commercial Banking Data & Analytics team.

We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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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