▷ (Buen Sueldo) Senior Analyst, Model Validation...

Overview

Requisition ID : 234284

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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 senior analyst provides support to manager and senior manager in the validation of Canadian and International retail non-retail credit adjudication and behavior models, credit retail strategies, market risk, capital models as well as IFRS9 models. This position includes 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 or she may also communicate and negotiate with the different counterparties regarding issues identified during the validation.

Responsibilities

• Validate retail scoring (adjudication, behaviour, collection) models and non-retail adjudication models.
• Validate retail credit strategy models (including adjudication, behaviour, collection).
• Validate IFRS9 provisioning models for retail and business banking portfolios including all parameters (PD, LGD, Lifetime, SIR, EAD) and ECL assessment.
• Conduct annual review of market valuation models (valuation of financial instruments, pricing of them or VAR models).
• Conduct comprehensive review of the data processing, including the independent replication of data extraction and data manipulation steps, as well as assessing the suitability and sanity of the data sources.
• For the model being validated, review the methodology implemented for reasonableness and applicability, 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 or interpret model output.
• Raise and effectively communicate the validation results and findings to the model owners, prompting appropriate action to address the identified deficiencies in data or modelling processing, which may lead to model recalibration and methodology enhancement.
• Responsible for completing draft validation reports and submission of all necessary documentation related to validation assignments to Manager or Senior Manager; ensure accuracy and completeness of archived information and related documentation to allow independent third-party review of the validation work performed.
• Establish communication with model owner or developers to understand model rationale and issues; maintain relationship with key contacts as identified for each validation.
• Maintain collaborative relationship with clients.
• Provide support to Senior manager to respond to ad hoc, regulatory and audit requests.
• Recommend and enforce improvements to tests / methods to fulfill internal validation needs and to align (if applicable) with industry practices.
• Support Senior Manager in keeping the inventory system updated.
• Comply with internal policies, procedures, and regulatory requirements where applicable.
• Provide support to resolve outstanding audit and regulatory issues, and to respond to ad hoc senior management and regulatory requests.

Reporting Relationships

Education / Experience / Other Information

Required Functional (Technical) Competencies

Location

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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