1. How would you evaluate whether recent changes in portfolio risk are driven by customer behaviour shifts versus model assumptions?
2. Walk me through how you would perform ongoing risk monitoring for a portfolio and decide when escalation is necessary.
3. How do you design a stress scenario that reflects both macroeconomic risk and institution-specific vulnerabilities?
4. Describe a situation where risk indicators sent mixed signals—how did you reconcile them to reach a conclusion?
5. How do internal risk appetite statements and limits influence day-to-day risk analysis and reporting at Scotiabank?
6. If data inputs used in a risk model become less stable or show signs of drift, how would you assess the impact and respond?
7. How would you analyze concentration risk when exposures are correlated across regions, industries, or products?
8. How do you communicate emerging risks and uncertainty to senior management when the evidence is still evolving?