Conduct independent validation of models, including AML risk, climate risk, credit risk, market risk, liquidity risk and forecasting models;
Review conceptual soundness, theoretical foundations, data inputs, assumptions, and methodology;
Perform backtesting, benchmarking, and sensitivity analyses to assess model performance and stability.
Compliance & Governance:
Ensure models comply with internal governance policies, OSFI/Basel regulatory standards, and other applicable frameworks;
Document validation processes, methodologies, and findings in comprehensive validation reports;
Track remediation of validation issues and follow up with model owners.
Stakeholder Engagement:
Collaborate with model developers, risk managers, and business units to communicate findings and ensure issues are addressed;
Present risk assessment and validation results to senior management and committees, highlighting risks and recommendations.
Continuous Improvement:
Stay updated on emerging model risk management trends, regulatory expectations, and AI/ML validation practices;
Recommend enhancements to model validation methodologies, tools, and frameworks.
Qualifications:
Master's degree or PhD in Quantitative Finance, Mathematics, Statistics, Computer Science, Engineering or related field;
2-5 years of experience in model validation, quantitative analytics, or risk management;
Previous experience in AML and climate risk models are preferred;
Strong proficiency in statistical modeling, econometrics, and / or machine learning;
Programming skills in Python, R, SAS;
Familiarity with SQL and database management;
Understanding of financial risk models (AML, climate risk, stress testing, IRRBB, etc.) and / or ML model lifecycle;
Familiarity with regulatory guidance (Basel III / IV, OSFI E-23, SR 11-7, etc.);
Strong analytical, communication, and report-writing skills;
Ability to work independently and handle multiple projects simultaneously.
Job Types: Full-time, Permanent, Fixed term contract
Benefits:
Company pension
Dental care
Disability insurance
Employee assistance program
Extended health care
Life insurance
Paid time off
Tuition reimbursement
Vision care
Education:
Master's Degree (preferred)
Experience:
Model Validation, Quantitative Analytics or Risk Management: 2 years (preferred)
Work Location: In person
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