Requisition ID: 116341
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Excited about creating a safer financial world by using your data, analytics, and modelling skills? – Join us!
As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards and several firsts in the Canadian banking sector: We prepare Scotiabank for the adoption of new regulatory and industry-wide initiatives and played a key role in Scotiabank becoming the first bank in Canada to receive regulatory approval for using Internal Model Methods (IMM) for Counterparty Credit Risk. We currently lead the Bank’s project to implement the Fundamental Review of the Trading Book (FRTB). As part of this, we have provided major contributions to discussion with regulators on changes that increase the financial stability of banking systems world-wide.
MRM is actively involved in the Bank’s Diversity & Inclusion (D&I) initiatives representing the diverse gender, cultural and ethnic backgrounds of our team. The more diverse we are, the more balanced our approach and models will be! The team is a key contributor to Women-in-Leadership activities – we take part in enterprise-wide D&I discussions, events, and Employee Resource Groups to enhance the representation and recognition of minority groups in the bank.
We are looking for people and talent that will help us drive these large-scale initiatives forward and work alongside our diverse team of quants, data scientists and developers and collaborate with our many stakeholders across Scotiabank.
Is this role right for you?
Do you love to apply your data, analytic, and modelling skills to solve relevant problems? Do you want to be part of the exciting endeavour of building out the next generation market risk framework to make a safer financial world? This role is ideal for a person with quantitative modeling background who is keen to help in bank-wide projects that require a high degree of communication and stake-holder management. This is also good starter role for someone with a strong quantitative background with proven interest in Finance, Economics, Derivatives, or Risk Management via reading and self-education.
As the Manager, Market Risk Measurement and Model Development (6-month contract position), you will support the bank’s model development for the Fundamental Review of the Trading Book (FRTB). The candidate will also contribute to the Benchmark Rate Reform (BRR) initiatives to get the bank ready for LIBOR cessation, and have opportunities to develop risk models to support new products and business, and collaborate extensively with other risk teams, business lines, and trading function.
In this role, you will:
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
What’s in it for you?
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.