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Director, Head Model Validation
Location:
Toronto
Description:
Requisition ID: 191549 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose of Job: • Provides judicious direction, leadership and oversight for the Bank’s model validation and approval process in accordance with the Model Risk Management Policy. • Leads a team of Directors liable for managing the validation work for different types of financial and non-financial models, including coordination of models’ intake across the global footprint. Validation responsibilities cover a wide variety of models including credit, market, and liquidity risk backssment, as well as loan-loss provisioning models used in the Bank's retail and non-retail business lines as well as non-financial risk models. Job Responsibilities: • Proactively oversees the model validation function for all models in scope of Model Risk Management Policy, ensuring that validations are conducted consistently with appropriate standards and methodologies and are executed within established timelines. • Provides direct leadership and oversight for initial and ongoing model validations related to market risk, including regulatory / internal capital / stress testing modeling/risk limit monitoring related to market risk and counterparty credit risk (CCR) to ensure model risk management initiatives are in compliance with regulatory requirements and internal policies/procedures. • Provides insights and thought leadership to the team with respect to the technical, quantitative, and subject-matter aspects of the work. • Works collaboratively with key multi-disciplinary stakeholders (including model developers, users, internal audit, senior management and regulatory bodies) to facilitate the validation process and resolve discussions / escalations of validation results in a timely manner. • Maintains effective internal communication across the Model Risk Management team as well as effective lines of communication with stakeholders. Visit ListedBuy for more information.
Company:
Scotiabank
Posted:
January 14 on ListedBuy
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More About this Listing: Director, Head Model Validation
Director, Head Model Validation is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Director, Head Model Validation by searching Oodle for Other Art & Media Jobs Model Jobs.
Director, Head Model Validation is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Director, Head Model Validation by searching Oodle for Other Art & Media Jobs Model Jobs.