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Senior Manager, Stress testing & Analytics and Model Risk, UK GRM

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Job ID 113722 Mar. 25, 2022 London, United Kingdom
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Join the Global Community of Scotiabankers to help customers become financially better off.

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Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.



Purpose



Contributes to the overall success of the UK GRM ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.

Responsible for oversight of stress testing, risk and capital analytics and model risk in relation to

Scotiabank London.



Accountabilities 


The accountabilities are divided into the following categories:

Stress Testing

Enhance the local governance and control process to ensure robust oversight of the stress testing conducted on the London portfolios by the global Enterprise Stress Testing (EST) team

Provide regular communication on the vulnerabilities in the London portfolio based on analysis of stress testing results

Maintain knowledge of all stress testing programs relevant/applicable for London and ensure full coverage

Keep updated with relevant policies and frameworks to ensure adherence to local requirements and alignment with global methodologies

Design the stress scenarios for Scotiabank London’s annual regulatory deliverables such as Internal Capital Adequacy Assessment Process (ICAAP), Recovery Plan, and Revere Stress Testing and working with the EST team on implementation

Risk and Capital Analytics (RCA)

Develop an understanding of the bank’s risk measurement, quantification and modeling methodologies for capital, credit risk, market risk and operational risk as the relate to the London businesses

Work with the global RCA team on matters affecting London

Model Risk

Enhance the local governance and control process around model risk to ensure models used locally are fit for purpose

Maintain an inventory of models used for London and work with global Model Risk Management teams to keep the list updated

Keep up with changes to models and understand and document the impact on the London portfolios

Reporting of model risk related issues

Any other work efforts assigned by management.

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct.

Contributes to a high-performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team


Education/Experience

Experience working in a controls related team

Organisational skills and attention to detail

Proven ability to multi-task and as a self-starter

Financial Services experience essential.

Skills

Good knowledge of Microsoft Excel, Word, PowerPoint and Visio

Excellent interpersonal and relationship-building skills to deal with all levels of staff

Strong communication skills both written and verbal

Ability to work independently



Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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