Job Title: Senior Model Validator At ScotiaGBS, we are committed to investing in our employees and helping you continue your career. We are seeking a Senior Model Validator to join our team in Bogota, Colombia. Job Description: The Senior Model Validator will be responsible for providing independent and consistent model validation and approval across various risk types. This includes market risk, retail/non-retail credit risk, operational risk, capital models, Anti Money Laundering (AML), and other key risk/financial models. The manager will provide support to senior management in the validation of Canadian and International retail/non-retail credit adjudication and behavior models, credit retail strategies, as well as AML. This position entails activities related to model validation work, including data management and model quality assurance testing/validation to establish overall soundness of the credit 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. Accountabilities: - Validate retail scoring (adjudication/behaviour/collection) models and non-retail adjudication Models. - Validate retail credit strategy models (including adjudication, behaviour, collection). - Validate AML models across the enterprise, including the vertical functions of (but not limited to), transaction monitoring, client risk rating, screening, etc. - For the model being validated, review the methodology implemented for reasonableness and applicability, analyze the quality of the model's input data, 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. - Based on the results of model validation, recommend improvements to the model or the model development process and identify material improvement opportunities in the models being validated. - Responsible for completing draft validation reports and submission of all necessary documentation related to validation assignments to Senior Manager; ensure accuracy and completeness of archived information and related documentation to allow independent third-party review of the validation work performed. - Establish communication with model owner/developers to understand model rationale and issues; maintain relationship with key contacts as identified for each validation. - Communicate findings from validation work to stakeholders. - Maintain collaborative relationship with clients - Provide support to Senior manager to respond to ad hoc, regulatory and audit requests. - Recommend and enforce improvements to tests/methods to fulfill internal validation needs and to align (if applicable) 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 to respond to ad hoc senior management and regulatory requests ,