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Title:  Manager, Model Risk Governance




Requisition ID: 149859

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


Purpose of Job:


Supports the design, implementation and maintenance of the Bank’s model risk governance process for models including market risk, retail and non-retail credit risk, operational risk, capital, and treasury models, among others. 

This position is part of the Model Risk Governance unit within Global Model Risk Management (GMRM), which provides independent and consistent model validation, approval and governance across various risk portfolios.

Job Responsibilities:


•    Ensures that an accurate and up to date inventory of models is maintained in the inventory platform and manages the process to ensure accuracy and reliability of model inventory data. 

•    Ensures completeness of the model inventory by supporting the model inventory attestation process across all areas of the Bank and relevant model approving committee meetings. 

•    Manages and designs model risk dashboards, reporting and metrics using information from the Bank’s model inventory.

•    Supports Senior Management and Board Reporting by coordinating and supporting the process for generating model risk reports for board and senior management. 

•    Supports business units, MVA, BGRO, Audit, Finance and others for information requests related to model governance and model inventory. 

•    Supports ongoing governance activities as required including attestations for compliance with model risk policy, regulatory report, etc. 

•    Supports the design, review and ongoing enhancement process for the Bank’s model risk framework and model risk management policy. Ensures relevant model risk processes for model inventory are followed and associated controls are in place. 

•    Participates in researching industry best practices in model risk management and model risk governance, with particular attention to regulatory and audit expectations.

•    Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Job Requirements:


•    Degree in computer science, data science or degree in business related fields with strong computer science background or experience preferred. 
•    1+ year of experience in risk management, audit or a related risk identification and reporting function preferred
•    Strong knowledge on databases and systems for model inventory management (IBM OpenPages) 
•    Strong knowledge of internal control design, implementation, testing and documentation
•    Strong software skills (i.e. data analysis and report development, Excel, etc.)
•    Strong written and communication skills & ability to work collaboratively with stakeholders 
•    Good experience in risk management, audit or a related risk identification and reporting function


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.

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