• 12 Aug 2015 1:30 AM
    Message # 3475761
    Yadong Wang (Administrator)




    Apply Now﹠-analytics-jobs

    Date: 05/11/2015

    A Best Workplace
    Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.
    A multinational winning team
    Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.
    Global Risk Management (GRM) plays a leadership role in establishing the Bank´s risk appetite and strategies – and partners with the Business Lines, Finance, Group Treasury and others to operate within these parameters.
    Scotiabank´s approach to risk management is a globally-recognized competitive advantage – which balances sound judgment, effective tools, considerable management input & prudent oversight.

    GRM´s greatest strength is the expertise and commitment of our people. We are committed to attracting, developing & rewarding a diverse group of high-performing employees.



    The director of Economic Capital and Capital Efficiency provides leadership for the credit capital models to improve capital methodologies for more effective capital measures and better tools for business decision and capital management.


    • Lead implementation, production and analytics of credit risk economic capital models for both retail and non-retail portfolios. Lead the production of all regular and ‘on demand’ deliverables, essential for the Bank’s credit risk measurement, management, and regulatory compliance objectives, (e.g. Early Warning Reports, Economic Credit Capital Grids and Portfolios, ClientNet/CPM Reference Portfolios, etc.) for internal clients, including E.O. Finance, Scotia Capital Loan Portfolio Management, Scotia Capital Client Measurement, and GRM Executives.
    • Work closely & proactively with the Global Banking and Market, Canadian Banking, International Banking and other business lines on regulatory and economic capital methodology and implementation timelines and priorities to contribute to business growth. Explain, seek feedback, and provide diagnostics and analytical supports to allow the business to use capital more efficiently
    • Provide ongoing modeling and consultation support pertaining to deal level measures for credit regulatory and economic capital, losses, ROEE, and active portfolio management for various Bank departments (e.g. EO Finance, LPM, Scotia Capital Client Measurement, TAG). Provide analysis and advice on credit risk analytics issues of specific interest to Executive and Senior Management.
    • Support regulatory and economic capital risk data aggregation and reporting requirements, and work with project team to support bank wide RDARR compliance.
    • Work with other economic capital and regulatory capital teams to expand its suite of analysis and reports to serve the needs of GCIB, GCM and other non-retail credit businesses.
    • Contribute to business growth by providing independent capital analysis for one off transactions or transactions proposed to reduce risk and capital
    • Develop and maintain the documentation of economic capital models and regulatory capital implementation. Review, evaluate and approve major technical implementation, results, and functional credit capital documentation. Provide training, coaching and professional guidance to members.
    • Ensure compliance with relevant internal policies, procedures and regulatory requirements. Manage timely resolution of audit and regulatory issues.
    • Track Economic Capital model changes for OSFI, the Basel & GRM Regulatory Office to meet new regulatory requirements
    • Keep abreast with advances in credit risk analytics developments, products and applications by vendors, consultants, regulatory agencies and competitors. Formulate / Recommend enhancements appropriate for the Bank. Direct implementation of ‘best practices’ in credit risk analytics to help the Bank respond to emerging regulatory/market requirements and opportunities (e.g. portfolio risk and return optimization)..


    • Expert knowledge of portfolio credit risk modeling theories and applications – including their business implications and limitations, as evidenced by conceptual and operational “end-to-end” command of Moody’s KMV’s Risk Frontier and Credit Edge/Monitor, or similar “leading edge” industry models.
    • Advanced computer skills, e.g. SQL, Excel, Access, Visual Basic, as applied to manipulation and management of large databases, and implementation of complex analytics procedures.
    • Excellent written and presentation skills in order to report findings, make recommendations, and provide insightful viewpoints to Executive and Senior Management, as well as to provide training / explanation to various internal users of credit risk analytics, and to liaise with industry participants and other external parties.
    • Thorough knowledge of the Bank’s policies, practices, and products as well as regulatory requirements and expectations pertaining to credit risk analytics.
    • 5+ years of experience in financial risk analysis in major financial institutions.
    • 3+ years of hands-on experience in implementation, execution and interpretation of portfolio credit risk modeling tools and systems.
    • Experience with providing leadership in interdisciplinary project teams involving, for example, business lines, risk management, and technology.


    Advanced training in financial risk analysis as evidenced by one or more of the following: MBA or Ph.D with concentration in Finance, Master level education or higher in a quantitative discipline, or CFA designation.
    To apply, please send your resume to Or apply on line﹠-analytics-jobs

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