Scotiabank · 2 days ago
Director, Head of GBM Model Risk Governance
Dallas, TX
Full-time
Onsite
Senior Level, Lead/Staff
$158K/yr - $264K/yr
10+ years expScotiabank is a leading bank in the Americas, and they are seeking a Director to lead and oversee model risk governance for Global Banking and Markets (GBM). This role involves ensuring compliance with regulations, providing guidance during model validation efforts, and managing a global team to drive effective model risk management.
BankingFinanceFinancial Services
Responsibilities
Lead and champion global expectations for GBM Model Risk Management including aligning with industry best standards; while acting as a subject matter expert for model development, validation, ongoing monitoring, governance, and compliance
Define standards and provide guidance and training during model validation efforts to ensure the validation team is driving standards set forth by regulatory and industry standards
Provide leadership and mentorship to the Model Validation team (~80 FTEs) based in Toronto and Columbia. Manage resources globally (i.e., Dublin, London) and serve as single-point-of-contact for modelling issues across GBM
Oversee a project plan in coordination with Global Model Risk Management and model owners to coordinate activities across geographies
Own the Scotiabank GBM model inventory, including metadata on models, and model risk assessment process
Ensure the GBM model inventory attestation process is successfully completed annually
Understand regional model use, standardize tools and embed expectations into existing processes
Perform periodic checks to ensure compliance with model monitoring standards
Own regional addendums to the Global Model Risk Management Policy and supporting procedures to ensure local requirements and compliance with internal policies are met
Ensure adequate reporting is compiled and presented to the right forums, at the right time
Define U.S. End User Computing (EUC) standards and scale program to meet global expectations (e.g., UK’s PRA inclusion with its model guidance)
Manage complex approaches with strong governance and monitoring including AI use cases and algorithmic trading
Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment using a coaching mindset; communicating vision/values/business strategy; and managing succession and development planning for the team
Qualification
Required
A minimum of 10 years' experience working in a model risk, model development or model risk audit roles at a financial institution
Working knowledge of capital markets and current regulatory environment in the financial service industry
A university degree in business, related field or equivalent experience
Strong communications, analytical, organizational, and project management skills
Thorough practical knowledge of MSOffice (Word, Excel, PowerPoint) and other related productivity tools; ability to code/script is a plus
Be able to communicate clearly and effectively, both verbal and written at all levels including branch staff, operational and executive management and regulators
Be able to listen, understand and negotiate to convince senior management when introducing new ideas and legislated policy recommendations for action or change
Ability to work independently within minimal supervision
Ability to interact and influence at all levels of management across functions
Preferred
Advanced degree preferred
Benefits
Flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Company
Scotiabank
Scotiabank is a banking firm that provides banking and financial services.
10001+ employees
H1B Sponsorship
Scotiabank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
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Trends of Total Sponsorships
2025 (52)
2024 (55)
2023 (29)
2022 (38)
2021 (38)
2020 (15)
Funding
Current Stage
Public CompanyTotal Funding
$1.07B2024-04-17Post Ipo Debt· $1.07B
1972-03-01IPO
Leadership Team
Jabar Singh
President & CEO Scotiabank Colpatria (Colombia) & Head Central America & Caribbean
L.Scott Thomson
President and CEO
Recent News
Canada NewsWire
2025-12-24
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