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Title posted on CareerBeacon - Manager, IFRS 9 Modelling, Enterprise Stress Testing (12 month contract)
Posted on March 13, 2025 by Employer details Scotiabank
Job details
Requisition ID: 219594Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. As Manager, IFRS 9 Modelling, Enterprise Stress Testing, you will contribute to the overall success of IFRS 9 credit risk modelling, analytics, and reporting for 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 and LGD models development, implementation, and maintenance for Canadian 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. Is this role right for you? In this role, you will: Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge Develop credit risk models for the 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 works 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 ConductDo you have the skills that will enable you to succeed? We'd love to work with you if you have: 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 Experience with Python or R including data processing with pandas or dplyr 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 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 Domain expertise in retail credit risk and IFRS 9 is an asset Experience with pyspark or sparklyr for data wrangling is an asset Experience with matplotlib, plotly, seaborn, or ggplot2 for data visualization is an assetWhat'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 a- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2146130
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