Scotiabank Manager, ALM Modelling in Toronto, Ontario

Manager, ALM Modelling

Requisition ID: 3181

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

Purpose of Job

We are searching for a risk professional within Global Risk Management. The Bank is centralising its risk modeling into a single centre of excellence and this role is a part of a newly created team. You will interact with other experts across different risk management areas as well as Group Treasury.

Reporting to the Director, ALM Risk Modelling, the incumbent will be a key part of the development of the Bank’s risk models and will be accountable for managing and monitoring the models.

Key Accountabilities

You will be a key part of the development of robust risk models including, but not limited to, interest rate risk modeling, market shocks and macroeconomic factors. The Bank’s risk models will be used to produce important risk metrics used by senior management and regulators. Risk modelling is a combination of programming and building fundamental methodology. Strong experience in programming and modelling is crucial to this role.

You will be accountable for managing and monitoring risk models after the development. This will include ongoing production support, creating and maintaining documentation, maintaining/monitoring all code and monitoring data feeds to calibrate the models.

You will work with other experts in the Bank and as such, relationship management is important to this role. You will be expected to maintain a working relationship with the modeling groups in Liquidity and Interest Rate Risk, Economic Capital modeling team, Model Validation and Group Treasury. You will also be expected to ensure the compliance with various governance agents such as regulators such as OSFI, Internal Audit and Model Validation and Approval. To this end, strong communication is critical to this role.

Skills, Experience and Functional Competencies

  • Experience in quantitative ALM modeling, statistics, risk factor modeling or related area

  • Strong communication skills

  • Programming experience with Python,R, SAS, C++, MATLAB or related languages

  • Problem solving and analytical skills

  • Teamwork skills

Educational Requirements

  • Degree in Mathematics, Actuarial Science, Statistics, Computer Science or related discipline at at least the Masters level is preferred.

Location(s): Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.