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PurposeThe General Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non‐retail credit risk, operational risk, capital models, Anti‐Money Laundering (AML) and other key risk/financial models.The senior analyst supports the manager/senior manager in validating Canadian and International retail/non‐retail credit adjudication and behavior models, credit retail strategies, market risk, capital models and IFRS9 models.
The role includes data management and model quality assurance testing to ensure the soundness of credit risk measurement, delivery of ad‐hoc validation assignments, collaboration with model development teams and business lines, and communication of results to model owners.
The analyst may also negotiate with counterparties regarding issues identified during validation.AccountabilitiesValidate retail scoring (adjudication/behavior/collection) models and non‐retail adjudication models.Validate retail credit strategy models (including adjudication, behavior, collection).
Validate IFRS9 provisioning models for retail and business banking portfolios, covering PD, LGD, Lifetime, SIR, EAD and ECL assessment.Conduct annual review of market valuation models (valuation of financial instruments, pricing, VAR models).
Conduct comprehensive review of data processing, including independent replication of data extraction and manipulation steps, and assess the suitability and sanity of data sources.Raise and effectively communicate validation results and findings to model owners, prompting appropriate action to address identified deficiencies in data or modeling process, which may lead to model recalibration and methodological enhancement.Prepare draft validation reports and submit all necessary documentation related to validation assignments to Manager/Senior Manager,



ensuring accuracy and completeness for independent third‐party review.Establish communication with model owners/developers to understand model rationale and issues, maintaining key relationships for each validation.Maintain collaborative relationships with clients.Provide support to Senior Manager to respond to ad‐hoc, regulatory and audit requests.Recommend and enforce improvements to tests/methods to meet internal validation needs and align with industry practices.Support Senior Manager in keeping the inventory system updated.Comply with internal policies, procedures and regulatory requirements where applicable.Provide support to resolve outstanding audit and regulatory issues and respond to ad‐hoc senior management and regulatory requests.Reporting RelationshipsPrimary Manager: Senior Manager, Model ValidationDirect Reports: Shared Reports (if applicable)Education / Experience / Other InformationEnglish B1+ proficiency.One year of experience in the development and/or validation of credit risk models (credit assessment, scoring or IFRS9 provisions) or market risk models (desired).
One year of experience in data management or data architecture, with familiarity in handling large data sets.Knowledge of risk statistical predictive models, time series and mathematical statistics.Knowledge of local financial regulator regulations related to provisioning methodologies, Basel II and IFRS9 (desired).
Exposure or experience in other risk functions such as credit risk, provision models, market risk or operational risk management (desired).
Required Functional (Technical) CompetenciesSound understanding of various modeling techniques and ability to conduct diverse testing.Working knowledge of statistical techniques and proven ability to use them to analyze large data sets.Ability to effectively use relational databases and SQL queries for data analysis.Proficiency in constructing and executing distributed queries from a variety of databases/sources.Excellent verbal and written communication skills.Hands‐on programming skills in statistical and database modeling tools (SQL, SAS, R, Python, VBA, MATLAB or similar).
Ability to adapt to various programming languages and environments.
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Postúlate en Kit Empleo: kitempleo.com.co/empleo/1b1y37

📌 Senior Analyst, Model Validation (Bogotá)
🏢 Scotiabank
📍 Bogotá