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Vice President, Global Model Risk Management | VP in Executive Job at Scotiabank | 7201367747

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Vice President, Global Model Risk Management

Location:
Toronto
Description:

Requisition ID: 194933 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose Provide strategic direction, leadership and oversight for model risk management globally by ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies and procedures. Accountabilities Lead and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Design, develop and oversee operation of a consistent model validation and approval process across all risk types, including credit risk, market risk, operational risk, structural interest rate risk as well as other key risks. Design, develop and oversee operation of an effective model risk governance framework that covers all aspects of the model lifecycle, including establishment of model risk policies, maintenance of a Bank-wide model inventory and management of model risk through the model development, validation, approval and ongoing review phases. Lead and manage the model approval process directly or by chairing, or participating in, model approval committees, and other applicable model related committees. Act as the primary liaison with regulators with respect to model risk management, including model validation and governance. Lead and manage continual research into best practices for model validation and governance. Oversees the model validation team within GBS Colombia. Manages required talent, resource allocation and underlying budget for the Colombian Model Validation team. Engages and maintains collaborative relationships with key stakeholders (including model developers, users, internal audit and senior management) to facilitate resolution of all related model risk management issues in a timely manner. Proactively oversees the model risk management cycle, identifying opportunities for efficiencies,. Visit ListedBuy for more information.
Company:
Scotiabank
Posted:
March 12 on ListedBuy
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