Hiring: Senior Manager – Regulatory Capital Optimization & IFRS 9 Implementation

  • 18 Dec 2017 5:40 PM
    Message # 5641813
    Siyao He (Administrator)

    To apply:

    Please contact Nadeem Thobani nadeem.thobani@scotiabank.com


    As part of Scotiabank Global Risk Management, the Exposure and Capital Analysis (ECA) group is at the forefront of managing the Bank's credit risk capital in response to current regulatory & market changes and risk management initiatives.

    The Senior Manager takes initiatives to evaluate and to improve the credit capital models and capital measures, assist in IFRS 9 implementation and provide better tools for business decision and capital management.

    Key Accountabilities

    Regulatory Capital Optimizations:

    • Conduct a comprehensive review of credit regulatory capital measurements for whole sale and retail credit risk portfolios, including understanding OSFI and Basel requirements, bank data process and flow, industry best practices, and initiate capital enhancements where necessary.
    • Identify possible capital efficiency and optimization opportunities, work with stakeholders to assess impact, develop a plan for alternative capital treatment, oversee the plan execution, and manage communication and implementation of credit risk regulatory capital (RC) models for both retail and non-retail portfolios.
    • Work closely with the Global Banking and Market (GBM) , Canadian Banking (CB), International Banking (IB) and other business lines on Regulatory Capital focused issues to maximize risk adjusted returns and other constrains (e.g. Leverage ratio) by taking a holistic view of the balance sheet and regulatory requirements.
    • Keep abreast with specialized knowledge of Basel II / III, OSFI Capital Adequacy Rules (CAR) rules, risk management and financial products in capital optimization and efficiency under advanced and standardized approaches.
    • Research industry best practices and latest Basel guidelines to ensure capital risk measurements are keeping pace with industry and regulatory developments and evolving expectations; provide ongoing peer benchmarking.


    • Provides credit risk analytics and insights of Expected Credit Loss (ECL), Provision for Credit Loss (PCL) and capital to internal clients, including Executive Offices, Finance, Business lines, and Global Risk Management executives. Produce regular reports to senior credit committee, Risk Policy Committee and business lines, and for internal and external disclosures.
    • Conduct quarter over quarter variance analysis for the total bank level expected credit loss and provide insights to the senior management and subsidiaries.  Interact with IFRS 9 stakeholders to explain ECL variance over quarter and develop method and provide supports to PCL analysis and forecasting
    • Prepare and report IFRS 9 results to internal senior committees and business unit’s results, and provide drill-in analysis
    • Work closely with key stakeholders in developing the IFRS 9 end-to-end process, which includes project planning, data reconciliation, model implementation, control process, governance and reporting.
    • Apply specialized knowledge of Expected credit loss methodology, in ECL analytics and implementation. Assist the internal and external ECL reporting and disclosure.


    • Extensive knowledge in regulatory capital requirements, Basel, OSFI and other leading practices, credit product knowledge and capital modeling.
    • Minimum 5 years of banking experience in the similar kind of role under regulatory / economic capital.
    • Strong verbal and written communication skills and proven problem solving skills.
    • Good programming skills in VBA, SQL Server and /or SAS.
    • Comfort and experience working in a project context and juggling multiple competing priorities
    • Critical thinking skills and ability to work under tight timelines.

    Educational Requirements

    • Master’s in Business, Finance, Mathematics or Statistics.
    • Professional qualification such as CFA / FRM / PRM is an added advantage.

    To apply:

    Please contact Nadeem Thobani nadeem.thobani@scotiabank.com

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