Director, Head of GBM Model Risk Governance

Select how often (in days) to receive an alert:

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Leads and oversees model risk governance for Global Banking and Markets (GBM) globally, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

• Lead and champion global expectations for GBM Model Risk Management including aligning with industry best standards; while acting as a subject matter expert for model development, validation, ongoing monitoring, governance, and compliance.
• Define standards and provide guidance and training during model validation efforts to ensure the validation team is driving standards set forth by regulatory and industry standards.
• Provide leadership and mentorship to the Model Validation team (~80 FTEs) based in Toronto and Columbia. Manage resources globally (i.e., Dublin, London) and serve as single-point-of-contact for modelling issues across GBM.
• Oversee a project plan in coordination with Global Model Risk Management and model owners to coordinate activities across geographies.
• Own the Scotiabank GBM model inventory, including metadata on models, and model risk assessment process.
• Ensure the GBM model inventory attestation process is successfully completed annually.
• Understand regional model use, standardize tools and embed expectations into existing processes.
• Perform periodic checks to ensure compliance with model monitoring standards.
• Own regional addendums to the Global Model Risk Management Policy and supporting procedures to ensure local requirements and compliance with internal policies are met.
• Ensure adequate reporting is compiled and presented to the right forums, at the right time.
• Define U.S. End User Computing (EUC) standards and scale program to meet global expectations (e.g., UK’s PRA inclusion with its model guidance).
• Manage complex approaches with strong governance and monitoring including AI use cases and algorithmic trading.
• Lead and drive a customer focused culture throughout their team 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.
• Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment using a coaching mindset; communicating vision/values/business strategy; and…