Requisition ID: 265594

Employee Referral Program – Potential Reward: $0.00

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Purpose

The 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 provides support to manager/senior manager in the validation and governance across the enterprise wide model inventory.. This position entitles activities related to model validation work including data management and model quality assurance testing/validation to establish overall soundness of risk measurement, delivery of various ad-hoc validation assignments, collaboration with the model development teams and business lines, and communicating results to model owners, ensuring compliance with internal framework and regulatory requirements.



He/she may also communicate and negotiate with the different counterparties regarding issues identified during this processes.

Accountabilities

• Validate models across various risk types. For the model being validated, review the methodology implemented for reasonableness and applicability, assess soundness of model methodology, review the architecture of the software application implementing the model, perform quantitative tests and qualitative assessments of the model, execute independent calculations, and analyze/interpret model output and responsible for completing draft validation..
• Conduct comprehensive review of the data and model risk governance activities by tracking progress, , including the independent replication of data extraction from SAS MRM and data manipulation steps, as well as assessing the suitability and sanity of the data sources.
• Asses regulatory requirements and develop and maintain policy addendums to Global Model Risk

📌 Senior Analyst, Model Risk Management (Bogotá)
🏢 Scotiabank Global Site
📍 Bogotá