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Manager, Enterprise Stress Testing (14 Month Contract)

Scotiabank - 826 Jobs
Toronto, ON
In-person
Full-time
Experienced
Posted 3 days ago

Requisition ID: 201710
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Enterprise Stress Testing's ("EST") mandate is to create and run the Bank's stress testing program. We need a strong individual to help with credit risk stress testing the Bank's portfolio. You will get the opportunities to apply your technical skillset and analytical mindset in building credit risk models and providing stress testing insights across geographies and products. This role has the potential for direct impact on business strategy with stress testing as a decision-making tool by senior management in Global Risk Management as well as Finance executives and the Board.

Is this role right for you? In this role you, will:

  • Develop and implement the credit risk models using technology platforms, primarily utilizing Python, R and SQL. It involves models that forecast credit rating migration probabilities as well as models that project point-in-time values for Probability of Default and Loss Given Default as a function of macroeconomic variables

  • Optimize code repositories to ensure they can be effectively executed in the operational/production environment to produce stress testing Expected Credit Loss (ECL) and Risk-Weighted Assets (RWA) results in a timely manner

  • Build Power BI dashboard and other visualization tools to assist analysis across multiple macroeconomic scenarios and provide a wholistic/separated view of the credit portfolio's performance during stress

  • Collaborate with internal model development teams, including the Retail, Models & Analytics (RMA) team, and the IFRS9 modelling team to ensure stress testing models are compatible and up to date with the production environment

  • Perform supplementary analysis and construct overlay methodologies to consider emerging risk themes, such as climate risk, geopolitical tensions, and high consumer indebtedness

  • Ensure compliance with applicable regulations and provide necessary information and ad-hoc analysis to regulators as required

Do you have the expertise that will enable you to succeed in this role? - We'd like to work with you if you have:

  • Advanced degree in Economics, Finance, Statistics, Mathematics, Data Science, or other related quantitative discipline

  • Advanced quantitative modeling expertise (e.g., advanced statistical models, machine learning, econometric models)

  • Experience in working with large dataset and optimization of code speed

  • Experience with R or Python is required. Experience with Spark is an asset

  • Experience in credit risk modeling related to probability of default and loss given default. Stress testing experience is desirable

  • Strong communication expertise

  • General knowledge of a bank's financial statement with a good understanding of credit products and provisions for credit losses (PCL)

  • Working knowledge of RWA and capital requirement under Basel III regulations is an asset

  • Experience with leading or working in transformational projects

  • Experience with presenting analytical findings and business insights

  • Working knowledge of basic Linux or UNIX systems is an asset. Experience with version control software (e.g. Git) is an asset.

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. This position will have exposure to multiple aspects of the bank's financial profile, such as balance sheet growth, provisions for credit losses and capital adequacy assessment.

  • Becoming a subject matter expert and storyteller for our Canadian retail portfolio, in terms of how the stress testing process works and what drives the portfolio's losses

  • A competitive 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!

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Competition Number: 201710
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