Title:  Vice President, Internal Ratings Management (18-month contract)

Requisition ID: 251724 

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

Purpose

Provides strategic direction, leadership and oversight for Internal Ratings Management team in Global Risk Management ensuring business strategies, plans and initiatives are supported through regulatory capital modelling complying with governing regulations, internal policies and procedures.

Accountabilities

• • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Leads the design, development, implementation, and maintenance of models for Bank-wide Business Banking IG ratings, IRB credit risk parameters used for the Bank regulatory capital calculation.
  • Secretary of the regulatory modelling Committee and organizes Committee meetings and seek committee member approvals and engage stakeholder on feedback on model impacts to the business.
  • Ensures ongoing compliance with regulators’ requirements for credit risk regulatory capital and interface with regulators on a regular basis.
  • Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
  • Creates an environment in which their team pursues effective and efficient operations of their 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.
  • Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Education / Experience / Other Information

• • Post graduate degree or equivalent in a quantitative discipline
    
  • 10+ years' experience in managing credit risk models
    
  • Experience in managing large projects involving cross-functional teams
    
  • A mindset to continuously innovate and improve efficiencies
    
  • Attention to details and ability analyze and synthesize

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.