Job Description

Requisition ID: 240553



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



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.

Is this role right for you? In this role you will:

Lead and oversee the implementation of quality control measures to ensure the model inventory platform is consistently accurate and up to date. This includes maintaining reliable model inventory data, following established model risk processes, and ensuring that all required controls for model inventory are in place. Actively supports governance processes and BAU activities that include but are not limited to model inventory attestation process, model monitoring process, assessments of new risk initiatives across all areas of the Bank and relevant model approving committee meetings. Supports and reviews model risk dashboards, reporting and metrics using information from the Bank's model inventory, including model risk reports for Senior Management and Board-level presentations. Provides support to various business units/teams including but not limited to MVA, BGRO, Audit, Finance, and Compliance by responding to information requests concerning model governance and model inventory. Supports design, review and ongoing enhancements to existing policies, procedures and frameworks required for compliance with the new E-23 MRM Guidelines. Leads thematic reviews across all subsidiaries to ensure compliance with policies and procedures, analyzes data to identify systematic themes and areas for improvement. Manages internal control processes related to model risk, including RCSA, CRCA, and NIRA activities by ensuring thorough documentation and effective risk mitigation. Leverage advanced tools (e.g., Power BI, SQL, Python, VBA) to drive innovation and automation in reporting, monitoring, and governance processes, reducing the need for manual reviews. 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.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

Bachelor's degree or higher in commerce, economics, computer science, data science or degree in business related fields with strong data science and analytical background or experience preferred. Fluency is Spanish and good coding skills (i.e. R, Python, SQL, etc.) are considered an asset. 1+ year of experience in risk management, audit, internal controls or a related risk identification and reporting function preferred. Strong knowledge on databases and systems for model inventory management (SAS MRM, IBM OpenPages). Strong knowledge of internal control design, implementation, testing and documentation Strong software skills (i.e. data analysis and report development, Excel, PBI, PowerPoint etc.). Strong written and communication skills & ability to work collaboratively with stakeholders. Self-starter who can manage multiple priorities in a fast paced environment Skilled at simplifying complex problems into concise, insightful and visually compelling PowerPoint presentations that drive decision-making.

What's in it for you?

We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success! An inclusive working environment that encourages creativity, curiosity, and celebrates success! A rewarding career path with diverse opportunities for professional development Internal training to support your growth and enhance your skills A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!

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. 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.