Share this Job

Title:  Manager, Model Development (Contract) - Global Risk Management

 

 

 

Requisition ID: 86492

 

Join the Global Community of Scotiabankers to help customers become better off.

 

As the Manager, Model Development, you will contribute to Retail Bank’s profitability targets and management of credit risk for personal and small business products by assisting the Senior Manager in developing, enhancing and monitoring Consumer and Small Business risk models used for origination, account management, collections, forecasting,  Regulatory and Economic Capital calculations.   You will assist in the Basel II parameter (PD, LGD, EAD) calibration and risk quantification.  You will ensure Risk Management data maintains integrity at all times and assist the Senior Manager in producing quality reports, detailed ad hoc analytics and documentation that may be distributed to Senior Management, Audit and/or OSFI. This position is extremely complex and highly technical. Management of asset quality using predictive risk models as well as management of regulatory and economic capital via Basel II parameters is highly specialized. 

 

What will you do in this role?

  • Assist in development of risk models for the purposes of origination, account management, collections, forecasting and Regulatory and Economic Capital calculations.
  •  Assist in the Basel II parameter (PD, LGD, EAD) calibration and risk quantification.
  •  Monitor models and parameters to ensure that they perform as per established guidelines and provide the Senior Manager with an explanation of breaches and recommendations on next steps.
  • Ensure timely delivery of quarterly reports to Senior Management and OSFI.
  • Keep up-to-date on best practices in risk management analytical methodologies.  Assist in development of new methodologies for model development, parameter calibration, monitoring and reporting.  Make recommendations to improve risk rating systems, scorecards, and improvements to existing reports, processes and procedures. 
  • Maintain a thorough knowledge of existing models and methodology
  •  Assist Senior Manager in ensuring that all models comply with Basel II Framework, BCAR Guidelines, OSFI Implementation Notes and Bank policies (Model Risk Management Policy)
  • Contribute to the development of a robust data infrastructure for model development and analytics.  Regularly review data sources for required changes/improvements
  •  Ensure that the data used for model development is reliable and robust and that it adheres to industry standards.  Data is a critical element in ensuring model accuracy and enabling development efficiencies.  Good understanding of business related characteristics, as well as proper handling of data anomalies and missing values are critical success factors. 
  • Good understanding of Consumer and Small Business automated support systems (I.e. origination, portfolio management, collection, and provision systems) and policies. 
  •  Provide ongoing support during internal (GRM, Audit, BPO, Finance) and external (OSFI, etc) data requests and audits.
  • Ensure model documentation is clear and provide third party reviewers (i.e. Global Risk Management, Audit, or OSFI) the ability to replicate model functionality
  •  Work well individually and within a team environment and foster a commitment to One Team/One Goal.

 

What we're looking for?

  • University degree in Statistics, Mathematics, Economics, Engineering, Operations Research, etc. Masters degree is a strong asset
  • At least two years previous work experience in an analytical role using SAS or any other statistical/data mining software
  • Proven analytical and technical skills required including quantitative analysis, programming and statistical model development
  • Strong mainframe, UNIX and PC skills
  • Experience with statistical software packages, including SAS and KnowledgeStudio
  •  Experience with manipulating data using Excel and SQL
  • Knowledge of the Basel II Framework (specific to Retail parameter estimation and documentation) is an asset
  • Knowledge of sound practices in scorecard as well as PD, EAD, and LGD model development, validation, deployment, documentation and on-going compliance
  • Good communication skills (written and verbal)
  • Good knowledge of risk management best practices
  • Experience working in the financial industry
  • Knowledge of bank products and credit lending
  • Proven ability to work with teams in a professional and productive manner
  • Efficient and flexible as work is conducted under tight deadlines and conflicting priorities
  • Able to recognize data problems/issues, and recommend solutions 

 

This position is located on King St W, downtown Toronto. This position is a 1 year contract.

 

Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

 

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.