Scotiabank

Senior Manager, AML Models and Analytics - Client Risk Rating

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in STEAM, analytics, computer science, or related field.
  • Master's degree in quantitative or risk-related discipline preferred.
  • Fluency in English; Spanish is a plus.
  • Experience in AML, compliance, and financial services preferred.
  • Strong programming skills in Python and SQL.
  • Extensive knowledge of statistical modeling and data science methods.
  • Familiarity with cloud infrastructure (GCP) and big data technologies.

Responsibilities

  • Lead the development and implementation of AML Client Risk Rating models.
  • Apply advanced analytics and machine learning techniques to support client risk assessment.
  • Guide and mentor data scientists and analysts in model development.
  • Ensure comprehensive documentation of model methodologies and results.
  • Collaborate with cross-functional stakeholders to meet compliance and governance standards.
  • Communicate modeling insights to both technical and non-technical audiences.
  • Monitor regulatory trends and data science methods for continuous model improvement.

Benefits

  • Collaborative work environment with innovative thinkers.
  • Inclusive culture that encourages creativity and celebrates success.
  • Competitive rewards package including performance bonuses and employee share ownership.
  • Career development opportunities to support professional growth.
  • Commitment to making a positive impact in the community.
Full Job Description
Requisition ID: 272476

We are seeking a strategic, highly analytical, and experienced Senior Manager to lead model development and analytics initiatives within AML Models and Analytics, with a focus on Client Risk Rating (CRR). The ideal candidate will have deep expertise in data analysis, statistical modelling, machine learning, model governance, and financial crime risk management, with the ability to lead complex analytical work and translate model insights into practical, risk-based recommendations.

The Senior Manager will be responsible for leading the design, enhancement, implementation, and ongoing maintenance of data-driven solutions supporting the Bank's AML Client Risk Rating models. This role contributes to the overall success of the Global Compliance and AML team by improving CRR model effectiveness, strengthening operating efficiency, and ensuring activities are conducted in compliance with governing regulations, internal policies, procedures, and model governance requirements.

Is this role right for you? In this role, you will:
  • Lead the design, development, enhancement, maintenance, and implementation of AML Client Risk Rating models and related analytics in support of Scotiabank's AML program.
  • Apply and oversee a range of modeling techniques, from statistical models to advanced analytics, AI, and machine learning, to support risk-based Client Risk Rating case generation and customer risk assessment.
  • Provide leadership and technical guidance to data scientists, analysts, and cross-functional partners involved in CRR model development, testing, monitoring, and implementation activities.
  • Oversee the creation and maintenance of comprehensive documentation for model methodology, assumptions, limitations, analytical results, testing outcomes, monitoring, and implementation evidence.
  • Collaborate and coordinate with Model Validation, Internal Audit, External Audit, Technology, Data, Privacy, and Compliance stakeholders to ensure CRR models meet legal, regulatory, internal policy, and model governance requirements.
  • Communicate complex data findings, model results, limitations, and recommendations to technical and non-technical stakeholders, including senior management and governance forums.
  • Lead communication with first and second lines of business and other stakeholders, recommending changes to AML Client Risk Rating models where appropriate based on analytical evidence, model performance, and risk considerations.
  • Ensure model users understand model limitations, appropriate use, governance requirements, and the operational impacts of model changes.
  • Support prioritization, planning, and execution of CRR model initiatives, including remediation, modernization, optimization, and regulatory or audit-driven deliverables.
  • Monitor emerging regulatory expectations, industry practices, data science methods, and financial crime risk trends to support continuous improvement of the CRR model framework.


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 or higher within STEAM, Science, Technology, Engineering, Analytics, or Mathematics, statistics, data science, artificial intelligence, computer science, computer engineering, financial modelling, or a related field.
  • Master's degree or higher in a quantitative, technology, analytics, financial crime, or risk-related discipline is preferred.
  • Fluency in English is required. Fluency in both English and Spanish is preferred.
  • Experience in financial services, AML, compliance, risk management, model development, model validation, audit, or regulatory-facing environments is preferred.
  • Extensive experience with statistical modeling, data science methods, machine learning, and advanced analytics, with demonstrated ability to oversee model development and implementation in a regulated environment.
  • Strong programming experience in Python, including familiarity with data science, machine learning, and visualization libraries such as NumPy, Pandas, Scikit-learn, Matplotlib, Seaborn, ggplot2, or similar tools.
  • Advanced experience querying and analyzing data using SQL or SQL-like languages, with familiarity using large-scale structured and unstructured datasets.
  • Experience with databases such as Oracle or SQL Server, as well as big data technologies such as Hadoop, Hive, Spark, BigQuery, or other distributed computing frameworks.
  • Experience with cloud-based infrastructure and tools, specifically GCP, and familiarity with Linux, Git, BitBucket, or comparable development environments is beneficial.
  • Knowledge of deep learning frameworks such as TensorFlow, Keras, PyTorch, or Vertex AI is an asset.
  • Strong understanding of AML, financial crime risk, Client Risk Rating, model governance, and model risk management expectations is preferred.
  • Demonstrated ability to lead analytical teams, manage priorities, coach technical resources, and deliver complex initiatives in a hybrid, cross-functional environment.
  • Strong written and oral communication skills, including the ability to explain complex model concepts, risks, assumptions, and limitations to senior stakeholders and non-technical audiences.
  • Strong stakeholder management, collaboration, problem-solving, and influencing skills, with the ability to balance regulatory expectations, business needs, and technical considerations.


What's in it for you?
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • 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.
  • An organization committed to making a difference in our communities - for you and our customers.


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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Senior Manager, AML Models and Analytics - Client Risk Rating jobs:

NationwideToronto, ON