Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance. T he Manager in the Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed income, equity, commodities, credit, and XVA. The role involves regular collaboration with multiple stakeholders, including Global Analytics & Financial Engineering (GAFE) and Trade Floor Risk Management (TFRM), and occasional responses to internal and external audit requests.

Support the Director/Senior Manager invalidatingderivative pricing models used in capital markets and risk management for various purposes, including P/L calculation, sensitivity analysis, and limit monitoring. Manage validation projects independently or as part of a team; conduct research on new methodologies and validation techniques; and design and implement validation test plans. Prepare summary reports of findings and present professional opinions to the Director and Vice President, Global Model Risk Management.

Comply withinternal policies, procedures, and applicable regulatory requirements. Provide support for large-scale projects asrequired. Stay abreast of industry and regulatory developments and evolving expectations; Advanced degree in a quantitative field such as Mathematics, Physics, Computer Science, Financial Mathematics, Economics, or Financial Engineering (Master'sdegree or above).

Industry certifications or credentials are considered an asset (e.g., CFA, FRM).



Strong knowledge of applied mathematics/statistics and numerical methods such as Monte Carlo simulation, binomial/trinomial trees, and numerical solutions to PDEs. In-depth knowledge of one or more of the following product types and modeling techniques is preferred: equity derivatives, interest rate derivatives, commodity derivatives, FX, credit, XVA, and local/stochastic volatility modeling.

Robust knowledge and/or work experience in Artificial Intelligence (AI) and Machine Learning (ML) is an asset. Effective project and time management skills to efficiently deliver concurrent projects with competing priorities whilemaintaininghigh quality. Candidates with expertise in capital markets valuation and risk models will be the primary focus for this role.

Additional expertise and working knowledge across other risk/model types within the department's current scope (e.g., Market Risk, Capital Models) will be considered an asset. Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!

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. 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. Engineer, Bank, Banking, Equity, Internal Audit, Engineering, Finance #

📌 Manager, Model Validation & Approval (Toronto)
🏢 Scotiabank
📍 Toronto