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Senior Manager, Model Risk Governance | Model in Other Art & Media Job Job at Scotiabank | 7051

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Senior Manager, Model Risk Governance

Location:
Toronto
Description:

Requisition ID: 187250 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose of Job: Assists 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, across both domestic and international portfolios. This position is part of the Model Risk Governance unit within Global Model Risk Management (GMRM), which provides self-governing and consistent model validation, approval and governance across various risk portfolios. Job Responsibilities: Assists the design, review and enhancement process for the Bank’s enterprise-wide Model Risk Management Policy, taking into account applicable regulatory requirements and input from internal stakeholders. Manages the relationships with the Bank’s material subsidiaries and key international markets on behalf of Model Risk Governance, Global Model Risk Management. This will include assisting local teams with implementing and managing model risk management processes, managing stakeholder relationships and providing advice and counsel on model risk management practices and policies. Ensures that an accurate and up to date inventory of models is maintained in the inventory platform, and manages the process to ensure accuracy and reliability of model inventory data. Ensure completeness of the model inventory by assisting the model inventory attestation process across all areas of the Bank. Manages the compliance testing of approved model conditions and oversees/creates the accuracy testing of the model inventory. Assists the design, review and ongoing enhancement process for issue identification, backssment and resolution through relevant policies and procedures and ensure model related issues are appropriately tracked and captured in all relevant processes. Assists the design, review and ongoing. Visit ListedBuy for more information.
Company:
Scotiabank
Posted:
October 24 2023 on ListedBuy
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