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Title:  Senior Manager, Exposure and Capital Analysis IFRS9




Requisition ID: 90138


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


Senior Manager – IFRS 9


As part of Scotiabank Global Risk Management, the Exposure and Capital Analysis (ECA) group is at the forefront of managing the Bank's credit risk capital in response to current regulatory & market changes and risk management initiatives.

The Senior Manager takes initiatives to evaluate, improve and assist in IFRS 9 implementation and analytics. The Senior Manager provides better tools for business decision and ECL measures.


What you'll do in this role?


  • Provide credit risk analytics and insights of Expected Credit Loss (ECL), Provision for Credit Loss (PCL) and capital to internal clients, including Executive Offices, Finance, Business lines, Countries, and Global Risk Management executives.
  • Understand key components of IFRS9 models such as PD, LGD, EAD and macroeconomic factors.
  • Continuously find ways to improve the efficiency and accuracy of the ECL process.
  • Work closely with key stakeholders in developing the IFRS 9 end-to-end process, which includes project planning, data reconciliation, model implementation, control process, governance and reporting.
  • Apply specialized knowledge of Expected Credit Loss methodology, ECL analytics, and provide insights to Credit Risk SVPs in order to ensure the adequacy of IFRS9 provisions reported in external disclosures.
  • Review regular reports presented to Senior Credit Committee, Risk Policy Committee.
  • Review and ensures the accuracy of ECL and PCL for internal and external disclosures.
  • Collaborate with internal stakeholders such as Internal Ratings Management, Enterprise Stress Testing, Information Technology & Systems (IT&S), Business Lines, and Enterprise Risk Management for methodology improvement to ECL.
  • Ensure compliance with relevant internal policies, procedures and regulatory requirements.
  • Produce regular credit risk reports and analytics for regulatory requests (i.e. OSFI templates), statutory reporting and business line support. 
  • Responsible to perform and review analysis on ad-hoc questions from senior management and business lines.


What we're looking for?

  • Master’s in Business, Finance, Mathematics or Statistics is preferred.
  • Professional qualification such as CFA / FRM / PRM is an added advantage.
  • 3-5 years’ work experience related to financial risk analytics and/or quantitative finance is required.
  • Strong understanding and demonstrated experience with statistical models
  • Knowledge in IFRS 9, credit risk metrics, regulatory capital, and quantitative finance is highly desired.
  • Strong programming skills, SQL and Python is an asset
  • Strong organizational and analytical skills.
  • Strong verbal and written communication skills and proven problem-solving skills.
  • Comfort and experience working in a project context and juggling multiple competing priorities
  • People management experience is an asset


This position is located in downtown, Toronto.


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.

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