Requisition ID: 227320
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the Director - Model Owner, Canadian Retail & Small Business Forecasting, you will provide strategic direction, leadership and oversight of the Bank's Retail and Small Business risk models, segmentations and parameters used in regulatory capital calculation for Canadian portfolios. You will be accountable for both the ongoing maintenance of existing Advanced Internal Ratings Based (AIRB) models, as well as the implementation and analytics required to provide SME guidance and support for various initiatives.
Under your guidance, your team of risk modeling experts will develop and run advanced risk prediction and forecasting models that will be used to help manage tens of $billions of capital and exposures, every day and therefore need to be not only accurate and precise, but highly stable, explainable, compliant, secure and useful. You will be responsible for setting priorities, leading by example, coaching, mentoring and ultimately, delivering results.

In this role, you will:

• Be accountable for all aspects of the Bank's Canadian Retail and Small Business Advanced Internal Ratings Based (AIRB) models, segmentations and parameters across the entire model lifecycle – from conception to development, execution and governance.
• Ensure all existing and new regulatory parameter (PD, EAD, and LGD) development and corresponding documentation, processes, controls, monitoring, and reporting are compliant with the Basel Framework, CAR Guidelines, OSFI Implementation Notes and other applicable external and internal guidelines, policies and procedures.
• Ensure continuous review and enhancement of the retail and small business AIRB model framework through maintaining a thorough knowledge of existing models and methodology, keeping up-to-date on best analytical practices, actively engage stakeholders in Risk and Business Line to understand changes to products, policies and processes, and regularly reviewing data sources and processes for required changes/improvements.
• Provide oversight of monthly and quarterly production model execution and reporting, ensuring models are deployed and run in an environment which produces accurate results and contains all necessary controls certifying integrity.
• Lead the execution of adhoc analytics and collaborate closely with Risk and Business in development of RWA optimization strategies. Effectively communicate changes and/or impacts to RWA to internal stakeholders and defend the robustness of parameter estimates to OSFI and Senior Bank Executives.
• Provide leadership, strategic direction and expertise as it relates to AIRB model development and execution in support of departmental and/or broader Bank (e.g., Enterprise, GRM) transformation initiatives. Identify, promote and lead process improvements including streamlining, automating, and standardizing processes.
• Collaborate, on a regular basis, with a wide range of stakeholders and internal partners including Model Operations, Capital Management, Provisioning, Product, Risk Strategy & Risk Management, Model Validation and Governance, Technology & Data, Finance, Legal, Compliance and Audit.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Is This Role Right for You?

• You believe, first and foremost, in always doing the right thing and doing things the right way
• You are both deeply curious and highly pragmatic
• You know when to be doer, when to be a teacher and when to be a leader
• You are comfortable setting ambitious but realistic goals and are committed to achieving them
• You can read complex and lengthy regulatory requirements and identify opportunities for optimization while always remaining committed to compliance excellence
• You understand what PDs, LGDs and EADS really are, from the ground up, and can model them precisely for any product (while knowing how to statistically account for sources of uncertainty)
• You have a genuine love, passion and talent for programming, data, and predictive modeling
• You are comfortable initiating conversations and collaborating with diverse personalities both internally (colleagues across the business) and externally (vendors)
• You are committed to quality in everything you do – statistically, process and governance wise
• You can evaluate situations, derive insights, synthesize results and communicate high-quality recommendations effectively, both verbally, and in writing
• We want talented pragmatic analytically oriented leaders who are equally at home amongst neural networks as they are translating complex issues into concise communications and directions. We want leaders with curiosity about everything (great models and analytics are about so much more than just the numbers!), a passion for getting things done right the first time and a deep sense of personal and professional accountability.

What Do You Need to Succeed?

• Degree in Statistics, Mathematics, Economics, Business Administration or a quantitative discipline is required
• Fundamental understanding of predictive modeling methodologies
• Expert knowledge of regulatory frameworks (Basel III, Capital Adequacy Requirements etc.)
• Knowledge of origination, portfolio management, and collection models, policies, processes and systems
• Knowledge of robust data infrastructures required for model development, analytics and reporting.
• Strong leadership and mentoring skills
• A demonstrated history of strategic planning, technical and data leadership, analytic problem solving and sound judgment delivering both "quick wins" and "enduring quality"
• Excellent time management, planning and organizing skills to manage multiple priorities, deliver quickly under pressure, and meet timelines
• Excellent interpersonal, relationship building and communication skills (written and verbal), with an ability to convey complex technical issues effectively and constructively to stakeholders across business lines, and regularly to senior management

What's in It for You?

• An inclusive and collaborative work environment that values curiosity & ownership, and celebrates success!
• Your career matters! You will have access to career development and progression opportunities. We hire you for your talent and not just for the job. We want to see you succeed not just in your role but in your career as a whole.
• A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, health benefits and much more!

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.