Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose As part of the wider Enterprise Risk team, the role holder will be responsible for stress testing and model risk management. He/She contributes to the overall success of the Risk Management Function in Scotiabank (Ireland) DAC ('SIDAC') ensuring specific individual goals, plans and initiatives are executed/delivered in support of the team's business strategies and objectives. The role holder also ensures that all activities are conducted in compliance with governing regulations, internal policies and procedures.
Accountabilities Responsible for model risk governance (e.g. policy/procedures updates, upkeep of model inventory, attestation process, issue tracking, issue closure, MI).Interacts with BNS Model Risk owners and validation teams to ensure inclusion of local requirements and deep understanding of models.Responsible for conducting local model validations/local suitability assessments and issuing recommendations to relevant committees.Develops and provides training to SIDAC in relation to model risk, specifically the model validation and approval process.Stress Testing: Responsible for the development of stress testing scenarios for the ICAAP, ILAAP, Recovery Plan, and Reverse Stress Testing. This includes narrative development and calibration of risk parameters.Executes stress testing programs, including review and analysis of outputs, reporting (Management Committees and/or Board), coordination of stakeholder inputs, etc.Responsible for annual update of the Reverse Stress Testing exercise.Liaises with counterparties in Scotiabank Toronto (Enterprise Stress Testing teams).Responsible for the development and maintenance of frameworks, policies, playbooks and procedures in relation to Stress Testing.ICAAP: Responsible for delivery of specific sections of the ICAAP document following annual review, in particular Stress Testing and Model Risk Sections.Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.Responsible for identifying and analysing applicable regulatory requirements as they are published.Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.Champions a high-performance environment and contributes to an inclusive work environment.Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.Contributes to a high-performance environment and fosters an inclusive work environment; supporting the vision/values/business strategy for the team.The incumbent is required to have the relevant fitness and probity to carry out the role and responsibilities in such a manner that the incumbent can comply with the Central Bank of Ireland 2011 Fitness & Probity Standards, as applicable to the role.Acts with professionalism and respect at all times.Exemplifies a strict ethical code to pursue honesty, integrity and transparency.Demonstrates strong communication skills, both verbal and written, and adjusts communication style depending on the situation.Develops effective relationships with business lines and other groups that fosters awareness of the Bank's risk framework and the sharing of information.Takes ownership and demonstrates the ability to focus on what matters most, working at a fast pace and able to consistently achieve results despite disputing conditions.Acts as a role model and encourages employees to put the customer first and work cooperatively across departments.Demonstrates self-awareness, seeks out feedback from diverse sources and consistently pursues personal development to increase skills, knowledge and capabilities.Demonstrates curiosity to bring external developments, trends and best practices to the Bank.Demonstrates resiliency in the face of disputes and obstacles; adjusts well to changing priorities.Demonstrates courage to express one's view, confidently ask questions, and make decisions.Puts team first and works effectively, respectfully and collaboratively with colleagues and business partners.Dimensions This role reports to the Director Enterprise Risk and is part of the wider Enterprise Risk team in SIDAC (Dublin). Enterprise Risk in Dublin is supported by the global ERM team.
The Enterprise Risk team (Dublin) focuses on a number of risk-related activities including Prudential Risk & Models (including Stress Testing) and Operational Risks Oversight.
Education / Experience Quantitative background, preferably with a degree in finance, economics, STEM or related areas (at NFQ Level 8).Strong experience in risk management in financial services, corporate and investment banking or related areas.Understanding of a capital/financial markets environment, including knowledge of corporate and investment banking products.Experience in stress testing and model risk management (validation or model development) is essential.Experience with European regulations with respect to stress testing, ICAAP, ILAAP and Recovery and Resolution planning would be an asset.Location(s): Ireland : Leinster : Dublin
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 during the recruitment and selection process, please let our Recruitment team know.
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.
#J-18808-Ljbffr
