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Manager_Risk Oversight
Full time @Scotiabank posted 1 year ago in Project Management & Business Analyst , in Quantitative Modeling & Financial Engineer , in Risk Management Governance & Compliance Shortlist Email JobJob Description
Is this role right for you?Do you like to apply your data, analytic, and modelling skills to solve relevant problems? Do you want to be part of the exciting endeavour of building out the next generation market risk framework to make a safer financial world? This role is ideal for a person with quantitative modeling background (in Finance or other quant area) and 1+years-experience in interest rate risk, retail product, or market risk modelling. This is also good starter role for someone with a strong quantitative background with established interest in Finance, Economics, Derivatives or Retail Products, via reading and self-education.
As part of the Bank’s central Asset Liability Management (ALM) Modelling team, you will be liable for the development of the Bank’s methodologies to accurately measure ALM risk. These are high-profile models which receive considerable attention from senior management and provide key inputs for managing interest rate risk in the banking book.
In this role, you will:
- Take a hands-on role in the development of robust ALM risk models for structural interest rate risk (SIRR) in the banking book, customer behaviour, macroeconomic factors, and internal capital models. Socialize with model users, risk teams, and business lines to derive model purpose and usage.
- Assist team members for various ad-hoc analyses, model development, documentation, reporting, preparation of materials.
- Develop new models or enhance existing models, typically in Python. Alongside, you will prepare model documentation and implementation, as well as assist the model validation process and ongoing maintenance of models.
- Execute model runs on a regular basis for reporting and perform corresponding analyses.
- Become an active member of the team including our D&I initiatives and communities.
Do you have the skills that will enable you to succeed in this role? – We’d like to work with you if you have:
- Solid quantitative background and problem-solving skills with a keen interest in Finance, Economics, Derivatives or Retail Products, and Regulations.
- Advanced degree in a mathematics, economics, or scientific discipline (e.g., Mathematics, Finance, Statistics, Physics, Engineering, Biology, Economics, etc.). Master’s degrees or PhDs are a bonus.
- Knowledge of asset liability management and modelling experience in risk management, e.g. experience of structural interest rate risk modelling, is a bonus.
- Python programing is essential. Experience in other Object-Oriented programing is a bonus.
- Effective communication and specifically the ability to summarize complex ideas in simple terms; you relish working in collaborations. Experience in managing and pushing forward projects.
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to assist your growth and enhance your skills.
- A fantastic compensation and benefits package.
- An organization acted to making a difference in our communities– for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!