Senior Manager, ALM Risk Modelling
Scotiabank
Requisition ID: 269546
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
We are responsible for modelling the interest rate risk of all assets and liabilities on Scotiabank’s balance sheet, directly impacting the Bank’s rate positioning and FTP. Our team brings together quantitatively minded professionals with diverse backgrounds in mathematics, statistics, physics, and computer science to foster creative approaches to customer behaviour modelling, such as mortgage prepayment and deposit behaviour.
Is this role right for you? In this role you will:
Take a balance sheet position and model it from start to finish, using historical and exogenous data to support calibration
Liaise with our business counterparts to understand the nuances of behavioural components and options risk to support development of bespoke models. Work with local and international business units to review datasets
Regularly present model analysis and proposals to stakeholders and senior management
Design and code models following software best practices to ensure optimal use of computing resources, streamlining operations and maintenance
Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:
Graduate degree in physics, engineering, statistics, or other quantitative discipline, or commensurate experience
Experience building a statistical or mathematical model
The ability to distill complex ideas into simple terms to support decision making
Knowledge of structural interest rate risk modelling, ALM, or derivatives pricing is a bonus
A software engineering mindset is essential for our work. Python programming is a bonus
What’s in it for you?
A rewarding career path with diverse opportunities for professional development
An organization committed to making a difference in our communities — for you and our customers.
A competitive rewards program that includes an annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
Diversity, Equity, Inclusion & Allyship — We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow, and participate through our various Employee Resource Groups (ERGs), which span diverse gender identities, ethnicities, races, ages, abilities, and veteran statuses.
Accessibility and Workplace Accommodations — We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
$85.5k - $185k per year
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