Manager, Model Validation

hace 1 semana

Bogotá, Bogotá D.E., Colombia Scotiabank A tiempo completo
Thanks for your interest in ScotiaGBS, the best campus in Bogota.

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

Purpose

The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital models, Anti Money Laundering (AML) and other key risk/financial models.

The manager provides support to the senior manager in the validation of Canadian and International retail/non-retail credit adjudication and behavior models, credit retail strategies, as well as AML. This position entails activities related to model validation work including data management and model quality assurance testing/validation to establish overall soundness of the credit risk measurement, delivery of various ad-hoc validation assignments, collaboration with the model development teams and business lines, and communicating results to model owners ensuring compliance with internal framework and regulatory requirements. He/she may also communicate and negotiate with the different counterparties regarding issues identified during the validation.

Accountabilities

1. Validate retail scoring (adjudication/behaviour/collection) models and non-retail adjudication Models.
2. Validate retail credit strategy models (including adjudication, behaviour, collection).
3. Validate AML models across the enterprise, including the vertical functions of (but not limited to), transaction monitoring, client risk rating, screening, etc.
4. For the model being validated, review the methodology implemented for reasonableness and applicability, analyze the quality of the model's input data, assess soundness of model methodology, review the architecture of the software application implementing the model, perform quantitative tests and qualitative assessments of the model, execute independent calculations, and analyze/interpret model output.
5. Based on the results of model validation, recommend improvements to the model or the model development process and identify material improvement opportunities in the models being validated.
6. Responsible for completing draft validation reports and submission of all necessary documentation related to validation assignments to Senior Manager; ensure accuracy and completeness of archived information and related documentation to allow independent third-party review of the validation work performed.
7. Establish communication with model owner/developers to understand model rationale and issues; maintain relationship with key contacts as identified for each validation.
8. Communicate findings from validation work to stakeholders.
9. Maintain collaborative relationship with clients.
10. Provide support to Senior manager to respond to ad hoc, regulatory and audit requests.
11. Recommend and enforce improvements to tests/methods to fulfill internal validation needs and to align (if applicable) with industry practices.
12. Support Senior Manager in keeping the inventory system updated.
13. Comply with internal policies, procedures, and regulatory requirements where applicable.
14. Provide support to resolve outstanding audit and regulatory issues, and to respond to ad hoc senior management and regulatory requests.

Education / Experience

1. 1+ year of experience in data management or data architecture, with familiarity and comfort in handling large data.
2. 1+ year of experience in the development and/or validation of credit risk or AML models is desirable.
3. Exposure or experience in other risk functions such as credit risk, AML, market risk, or operational risk management is also desirable.

Required Functional (Technical) Competencies:

1. Sound understanding of various modelling techniques and comfortable to conduct various testing independently.
2. Strong knowledge of statistical techniques and proven ability to employ these to analyze large sets of data.
3. Ability to effectively utilize relational database and SQL queries for data analysis.
4. Proficiency in construction and executing distributed queries from a variety of databases/sources is required.
5. Excellent verbal and written communication skills.
6. Hands-on programming skills, particularly statistical and database modeling tools (SQL, SAS, R, Python, VBA, MATLAB, Angoss Knowledge Studio or similar). Ability to adapt to various programming languages and environments.
7. Experience in Oracle Mantas AML solutions or knowledge of AML models and tools would be an asset.
8. Knowledge of financial risk management, especially issues and techniques pertaining to credit risk management – including their practical implications and limitations is desirable.
9. Excellent verbal and written communication skills.
10. Ability to speak and write in English would be desirable.

Work in a standard office-based environment; non-standard hours are a common occurrence.

Location(s): Colombia : Bogota : Bogota

Scotia GBS is a Scotiabank Group company located in Bogota, Colombia created to support different processes of the Bank and the development and execution of its global services strategy in 15 countries in the Americas. It is composed of 7 service units. We offer an inclusive, positive work environment, and competitive benefits.

At ScotiaGBS, 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. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at ScotiaGBS; however, only those candidates who are selected for an interview will be contacted.

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