Manager, Model Validation (6-month contract)
About the role
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
6-month contract
Looking for a highly motivated and qualified Model Validation Manager to support its objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.
Is this role right for you? In this role, you will:
- Support the model validation team to mitigate the model risks
- Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
- Provides subject matter expertise on models’ strength and weakness and recommend practical solutions
- Validates models assigned by model governance committee
- Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
- Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
- Review model documents and conduct test runs on model codes
- Provide different view on methodology and calculations, and provide feedback to model developers
- Work on model validation reports with hiring manager and provide ad hoc support as necessary
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- 1-2 years relevant experience in quantitative risk management field is preferred.
- Experience with AIRB credit risk models is preferred.
- Proficient in mathematics, econometric models and statistics.
- Strong analytical, numerical, research and problems solving skills.
- Experience with financial statements analytics is an asset.
- Fluent in Spanish is an asset
- Software skill: Python, SQL, SAS and Matlab.
About Scotiabank
Welcome to Scotiabank. We serve thousands of customers, families, and communities across the globe, helping them achieve success through advice, products, and services. Follow for news, insights, thought leadership and more.
Our disclaimer: bit.ly/socialdisclaim
Manager, Model Validation (6-month contract)
About the role
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
6-month contract
Looking for a highly motivated and qualified Model Validation Manager to support its objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.
Is this role right for you? In this role, you will:
- Support the model validation team to mitigate the model risks
- Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
- Provides subject matter expertise on models’ strength and weakness and recommend practical solutions
- Validates models assigned by model governance committee
- Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
- Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
- Review model documents and conduct test runs on model codes
- Provide different view on methodology and calculations, and provide feedback to model developers
- Work on model validation reports with hiring manager and provide ad hoc support as necessary
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- 1-2 years relevant experience in quantitative risk management field is preferred.
- Experience with AIRB credit risk models is preferred.
- Proficient in mathematics, econometric models and statistics.
- Strong analytical, numerical, research and problems solving skills.
- Experience with financial statements analytics is an asset.
- Fluent in Spanish is an asset
- Software skill: Python, SQL, SAS and Matlab.
About Scotiabank
Welcome to Scotiabank. We serve thousands of customers, families, and communities across the globe, helping them achieve success through advice, products, and services. Follow for news, insights, thought leadership and more.
Our disclaimer: bit.ly/socialdisclaim