Requisition ID: Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture. Executes initial and ongoing model validations/approvals to ensure model risk management initiatives are following regulatory requirements and internal policies/procedures. Is this role right for you? In this role, you will: stylemargin:top:0.0cm;margin:bottom:0.0cm typedisc: : Assist Director/Senior Manager and/or independently validate and/or review of Market risk capital models, counterparty credit risk capital models, trade surveillance model and the market risk/counterparty credit risk related stress testing models. : Perform detailed quantitative and technical review of models, including responsibility of designing the validation framework, research on appropriate statistical / mathematical technical tests, coding/programming to analyze various aspects of model implementation and performance. : Responsible for the review of all necessary documentations related to validation assignments, including reviewing documentation of work assignments under the incumbents supervision; ensuring accuracy and completeness of archived information and related documentation to allow independent third:party review of the validation work performed. : Undertake research and development of new validation techniques : Comply with internal policies, procedures and regulatory requirements where applicable : Provide reports for the summary of findings and recommendation to Senior Manager or Director. : Manage relationship with key stakeholders as identified for each validation request submission : Provide active and direct support to resolve outstanding audit and regulatory issues and to respond to ad hoc senior management and regulatory requests. Do you have the skills that will enable you to succeed in this role? : Wed love to work with you if you have: stylemargin:top:0.0cm;margin:bottom:0.0cm typedisc: : Advanced degree in fields such as Mathematics, Statistics, Econometrics, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master or above, Ph.D. Preferred); Industry certification or credentials will be an asset (e.g. CFA, FRM) : Knowledges of the derivative pricing model theory, counterparty credit risk modeling, market risk capital modeling, market data. Experience in market risk modeling including the valuation and capital models, or counterparty credit risk modeling; knowledge of FRTB is preferred. : Familiar with various trading products including IR, FX, Equity, Commodity etc. : Excellent written and presentation skills to provide advices, explanations and communications to various users and stakeholders : Sound understanding of various modelling techniques and proficient to conduct various tests. : Proficient computing skills and grasp of programming languages such as Matlab, C++, Python. : Ability to manage efficiently multiple priorities; attention to detail and ability to work independently or in teams; consensus:building ability. : Familiar with concepts, structures, pros and cons, and various aspects of machine learning (ML) and AI models What's in it for you? stylemargin:top:0.0cm;margin:bottom:0.0cm typedisc: : An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success : We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one : Your career matters You will have access to career development and progression opportunities. scotiafinancejobs 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 s