Carrie Chai joined the GRM Associate Program in January 2011 after completing her MBA at Schulich School
of Business. Carrie earned her Master and PhD degrees in Management Science and Engineering in Mainland
China, where she was originally from. Carrie's previous work experience includes building and overseeing the
China Operations for a US-based multi-national company and Asian market development in Multicultural Banking,
Scotiabank. Carrie just started her second rotation in GRM – Model Validation and Approval, the centralized
department for the model risk management of the bank, where she assesses and validates the interest rate risk
model for the bank's assets and liabilities management. In her first rotation in GRM – Hedge Funds, a specialized
department managing the market and credit risk for the bank's hedge fund counterparties, Carrie completed one
project in market risk analysis and evaluated the credit worthiness of various HF counterparties.
"The Program provides a great exposure to the management of different types of risk in the current unprecedentedly complex market. The journey to develop the different skill sets, to contribute and make impact in each rotation is challenging, but exciting and rewarding. The training from each professional team you get to work with, the support and advice from your VP mentor and the help from your peer buddy are just unbelievable. The unique culture and amazing people make Scotia the ideal organization to work for."