Title:  Business Analyst, Forecasting Models - 15 Month Contract

Requisition ID: 211329

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

The world is changing faster than ever and so are we!

“Big data” fed by “complex processes” representing “massive stakes” are not just buzzwords to us; they are a genuine reflection of our daily life. Our goal is to be nothing less than The Leading Bank in The Americas that puts Customers First. Achieving this will require us to assemble and retain a Winning Team that can both design and run highly-predictive decisioning and forecasting models that accurately reflect reality. To put things in perspective, our models underpin automated risk-management decisions and forecasts that impact millions of customers and keep hundreds of billions of dollars safe, every single day. We are fortunate to have a world-class team of Data Scientists and Model Operations personnel building and deploying incredible risk models. But they need your help.

Our Regulatory Capital Model Development team is responsible for ensuring that every part of the model lifecycle, from planning to data selection, development to implementation, deployment to monitoring undergoes rigorous analysis and as well documented, controlled, effective and efficient, as possible. Getting models to market quickly is important but getting them “right” is even more so. That is where you come in:

You are capable of poking around “under the hood”, asking questions ad-nauseam (in a polite and collaborative way), mapping real world processes to technical logic, data flows and sources and accurately spec’ing out how our modeling and technology teams should use what you discovered.

We are results driven, we work hard, we play hard, we nerd out and we bring service, smiles and solutions to every problem that we face; so should you.

What Are We Looking For?

We want talented, pragmatic, analytically-oriented business analysts who are equally at home mapping and translating operational and technical processes into business rules and data flows, and working collaboratively with a diverse range of stakeholders to develop scalable solutions in the interest of improving our automated forecasting models and capital allocation.

We want bright and energetic but disciplined minds who come armed with a bottomless sense of curiosity about everything, a passion for getting things done right the first time, the ability to prioritize, a knack for explaining complex issues in simple concise ways and a deep sense of personal and professional accountability.

The ideal candidate will be a consummate team player who is equally comfortable being a:

• Business Analyst / Business Consultant / Financial Analyst

• Data Analyst

• Software Architect

• Process Engineer

Make an Impact

As Canada's only truly global bank, we offer the opportunity to work in markets and with teams you may not otherwise get exposure to. You will be a critical member of a team collaborating, on a near daily basis, with a wide range of cross-bank stakeholders and internal partners including Data Scientists, Project Management Office, Technology & Data teams, Finance, Model Operations, and internal challenge functions.

You will work, day-to-day under the direction of the Regulatory Capital team, leveraging your analytic thinking and approach to support Regulatory Capital Modeling initiatives:

• Plan and manage initiatives,

• Map and / or re-engineer key processes, data flows and / or business rules

• Translate concepts into algorithms and architect implementation solutions in accordance with business needs, and internal / regulatory policies and guidelines.

Potential deliverables / outcomes may include (but not be limited to):

• Business, implementation and project plans that get executed to completion

• Business rules, financial formulae and algorithms

• Newly generated and retrofitted automated reporting

• Improved operational efficiency and effectiveness

• Quantitative analysis to support ongoing decision-making

• Recommendations of what else “we should look into / fix” next

Is This Role Right for You?

• You will believe, first and foremost, in always going the right thing and doing things the right way

• You are both deeply curious and highly pragmatic

• You are comfortable with data, analytic / technical and business processes

• You relish ambitious but realistic goals and are committed to achieving them

• You are comfortable initiating conversations and collaborating with diverse personalities

• You are social, engaging, not afraid to ask questions and relish the opportunity to both learn and challenge how things are done in a polite and respectful way

• You can prioritize activities to deliver the right balance of “quick wins” & lasting solutions

• You understand and embrace the responsibility and weight that comes with the fact that your work will impact numerous high-level stakeholders

• You look forward to sharing your ideas and insights through both high-quality effective and concise verbal & written communications

• You are professional, motivated AND FUN. We mean it.

What Do You Need to Succeed?

General

• Bachelor’s Degree in Engineering, Information Sciences, Business / Commerce, Finance, or equivalent field

• A demonstrated history of problem solving, technology implementation and sound judgement

• Fluent English-language verbal and written communications: the ability to distill complex and ambiguous operational processes, business requirements / rules and data sets into process flows and analysis, concisely convey technical requirements and requests, prepare and edit high-quality documentation, and be accepted as a trusted advisor by peers

• Experience as a Management Consultant, Business Analyst, Process Engineer, Financial Analyst or Data Analyst with a track record of accomplishments working on cross-functional teams

• Able to work remotely and on-site on multiple activities simultaneously and meet deadlines

Technical

• Strong fundamental understanding of business analysis, requirements definition, process mapping, data mapping and financial analysis

• 3-5 years of overall experience in consulting, business analysis or process engineering roles translating complex human processes to mathematical algorithms

• Highly proficient with business productivity (ex., Visio, MS Project, JIRA, Teams, Lists), data governance / lineage (ex. Informatica, Collibra) and data management (SQL, Excel, PowerBI) tools

• Refined ability to translate data extraction, transformation and analysis into queries / code (SQL)

Nice To Have's

General

• Proficient reading, writing and speaking Spanish

• Domain expertise with retail & small business banking products and / or risk management practices

• Familiarity with credit risk models / scorecards

• Lean, Six Sigma, TQM or other process management frameworks and/or expertise

Technical

• An understanding of statistical prediction, estimation and forecasting models

• Programming experience (Python, SAS) with both legacy / traditional (RDBMS) and big data (Hadoop / Hive / Spark) systems

• An appreciation for advanced statistical approaches used to assess and address uncertainty

What’s in It for You?

• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e., true innovation), and celebrates success!

• You'll get to work with and learn from an incredibly friendly and diverse group of accomplished leaders

• You’ll have fun. We do.

Location(s):  Canada : Ontario : Toronto 

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.