Title:  Director, Head of GBM Model Risk Governance

Requisition ID: 247095

 Salary Range: 157,700.00 - 264,200.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

Purpose

Leads and oversees model risk governance for Global Banking and Markets (GBM) globally, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

What You'll Do

• Lead and champion global expectations for GBM Model Risk Management including aligning with industry best standards; while acting as a subject matter expert for model development, validation, ongoing monitoring, governance, and compliance.
• Define standards and provide guidance and training during model validation efforts to ensure the validation team is driving standards set forth by regulatory and industry standards.
• Provide leadership and mentorship to the Model Validation team (~80 FTEs) based in Toronto and Columbia. Manage resources globally (i.e., Dublin, London) and serve as single-point-of-contact for modelling issues across GBM.
• Oversee a project plan in coordination with Global Model Risk Management and model owners to coordinate activities across geographies.
• Own the Scotiabank GBM model inventory, including metadata on models, and model risk assessment process.
• Ensure the GBM model inventory attestation process is successfully completed annually.
• Understand regional model use, standardize tools and embed expectations into existing processes.
• Perform periodic checks to ensure compliance with model monitoring standards.
• Own regional addendums to the Global Model Risk Management Policy and supporting procedures to ensure local requirements and compliance with internal policies are met.
• Ensure adequate reporting is compiled and presented to the right forums, at the right time.
• Define U.S. End User Computing (EUC) standards and scale program to meet global expectations (e.g., UK’s PRA inclusion with its model guidance).
• Manage complex approaches with strong governance and monitoring including AI use cases and algorithmic trading.
• Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment using a coaching mindset; communicating vision/values/business strategy; and managing succession and development planning for the team.

What You’ll Bring 

• A minimum of 10 years’ experience working in a model risk, model development or model risk audit roles at a financial institution.
• Working knowledge of capital markets and current regulatory environment in the financial service industry.
• A university degree in business, related field or equivalent experience. Advanced degree preferred.
• Strong communications, analytical, organizational, and project management skills.
• Thorough practical knowledge of MSOffice (Word, Excel, PowerPoint) and other related productivity tools; ability to code/script is a plus.
• Be able to communicate clearly and effectively, both verbal and written at all levels including branch staff, operational and executive management and regulators.
• Be able to listen, understand and negotiate to convince senior management when introducing new ideas and legislated policy recommendations for action or change.
• Ability to work independently within minimal supervision.
• Ability to interact and influence at all levels of management across functions.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#GBMAuditRisk

Location(s):  United States : Texas : Dallas

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. 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.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.