Requisition ID: 244421
Salary Range: 225,000.00 - 300,000.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Job Title: Associate Director/Director Mortgage Analytics Model Developer/Quant Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Overview: Lead the development, governance, and production of models, analytics, and risk metrics for Scotiabank's Whole Loan Mortgage and RMBS trading products. The role requires strong technical knowledge of mortgage products, modern model development practices, and the ability to interface with senior stakeholders across Risk, Trading, and Technology.
What You'll Do: Internal Risk and Valuation
- Develop / maintain models that accurately capture exposures and risk metrics for internal risk reporting (including DV01, CS01, VaR, P&L attribution, and scenario-based sensitivities)
- Ensure outputs are scalable and flexible enough to interface with Risk Management and Back Office within Scotiabank's reporting infrastructure and support automated reporting workflows
- Work closely with Technology to ensure accuracy and integrity of data across models and analytics feeds
- Support valuation and control processes across RMBS and whole loans including price verification and periodic calibration
Regulatory Compliance and Reporting
- Collaborate with broader Analytics team to meet regulatory compliance and reporting requirements
- Support the Model Risk Management team on inventory, validation, documentation, and review of models in accordance with regulatory standards and internal model risk governance
- Collaborate with risk teams on the implementation of stress testing including regulatory-prescribed and internally developed stresses
Analytics and Pricing
- Partner with trading desk to develop processes and analytics for pricing, stress testing, and scenario analysis
- Monitor exposure to credit, prepayment, interest-rate, and structural risk factors in whole loan and RMBS portfolio
- Provide analytics on portfolio performance and offer insights on optimizations (hedging efficiency, pricing adjustments, and relative-value opportunities)
- Provide analytics and insights from market data (prepayment, delinquency, geographic performance trends, loan feature performance attribution analysis, etc.)
What You'll Bring: - Deep Expertise: 5+ years of experience in Non-Agency Mortgage modeling and analytics, with strong technical knowledge of mortgage products and modern model development practices.
- Quantitative Rigor: Proven ability to design, validate, and maintain models that support risk management, valuation, and regulatory compliance.
- Integration Mindset: Experience embedding model outputs into risk and regulatory reporting infrastructure, ensuring accuracy and scalability across systems.
- Collaborative Approach: Ability to partner effectively with Trading, Risk, and Technology teams to deliver actionable analytics and insights.
- Entrepreneurial Drive: A builder's mindset-excited by the opportunity to shape a new business line, establish best practices, and create robust analytics from the ground up within a well-capitalized, globally recognized institution.
Interested? At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you? Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. 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.
Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.
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