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Model Validation Manager

Job in Toronto, Ontario, C6A, Canada
Listing for: Scotiabank
Full Time position
Listed on 2026-06-03
Job specializations:
  • Finance & Banking
    Financial Compliance, Data Scientist, Risk Manager/Analyst, Banking Analyst
Salary/Wage Range or Industry Benchmark: 80000 - 100000 CAD Yearly CAD 80000.00 100000.00 YEAR
Job Description & How to Apply Below
Position: Model Validation Manager at Scotiabank
Lead the model validation process with Scotiabank as a Model Validation Manager based in Toronto, Ontario. Drive independent assessments and collaborate with stakeholders to ensure compliance and accuracy in quantitative modeling.

As a Model Validation Manager, you'll play a pivotal role in executing validations of quantitative models related to risk management and capital adequacy. This position requires strong technical expertise in model risk management, as well as hands-on experience with key analytical tools. You'll work closely with model owners and support governance and regulatory reviews, contributing to continuous improvement initiatives.

Key Responsibilities:

• Execute independent validations of quantitative risk models

• Perform in-depth technical reviews and quantitative testing

• Contribute to enhancement of validation templates and standards

• Document findings in clear, structured validation reports

• Engage with stakeholders to clarify model usage and limitations

Requirements:

• Advanced degree in a quantitative discipline

• 2–3 years of experience in model validation or risk management

• Proficiency with analytical/programming tools

• Strong written and interpersonal communication skills

• Ability to manage multiple validations effectively

Become a key contributor to Scotiabank’s commitment to excellence in model risk management and compliance.
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