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Manager, Model Validation
Location:
Toronto
Description:
Requisition ID: 189303 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose of Job: The Global Model Risk Management area provides self-governing and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital models and other key risk/financial models. The manager provides support to senior manager in the validation of domestic and international retail/non-retail credit adjudication and behavior models, as well as credit loss forecasting models for provisioning purposes. This position entitles activities related to model validation work to establish overall soundness of the credit risk measurement, delivery of various ad-hoc validation assignments, collaboration with the model development teams and business lines, and communicating results to model owners ensuring compliance with internal framework and regulatory requirements. He/she may also socialize and negotiate with the different counterparties regarding issues identified during the validation. Job Responsibilities: Formalize retail scoring (adjudication/behaviour) models and non-retail adjudication Models. Formalize IFRS-9 provisioning models for retail and non-retail credit portfolios. Formalize retail strategy models. For the model being confirmed, review the methodology implemented for reasonableness and applicability, backss the quality of the model's input data, review the architecture of the software application implementing the model, perform quantitative tests and qualitative backssments of the model, execute self-governing calculations, and backss/interpret model output. Based on the results of model validation, recommend improvements to the model or the model development process and identify material improvement opportunities in the models being confirmed. Liable for completing draft reports and submission of all necessary documentation. Visit ListedBuy for more information.
Company:
Scotiabank
Posted:
December 30 2023 on ListedBuy
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More About this Listing: Manager, Model Validation
Manager, Model Validation is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Manager, Model Validation by searching Oodle for Other Art & Media Jobs Model Jobs.
Manager, Model Validation is a Other Art & Media Jobs Model Job at Scotiabank located in United States. Find other listings like Manager, Model Validation by searching Oodle for Other Art & Media Jobs Model Jobs.