Senior Model Development Analyst

4 weeks ago


Toronto, Ontario, Canada S.i. Systems Full time
Senior Model Development Analyst (IFRS9/CECL) - Credit Risk Modeling

Location: Hybrid - 2 days a week in Downtown Toronto office
Duration: 6 months with potential extension or conversion to FT

Overview

Our banking client is looking for multiple

Senior Model Development Analysts

to support credit loss allowance modeling and analytics (IFRS9/CECL) within the

Credit Risk Modeling

function. The role involves

developing and validating credit risk models , conducting performance monitoring, and supporting business-critical decisions in a high-pressure environment. The successful candidate will play a key role in regulatory interactions and model lifecycle management, particularly for

retail IFRS9/CECL models .

Must-Have Skills

7+ years of experience

in

credit risk model development and/or validation .
Strong expertise in

IFRS9 and CECL modeling

for credit loss allowance.
Proficiency in

SAS and Python

for model development, data wrangling, and quantitative analysis.
Advanced knowledge of

quantitative financial modeling, risk analytics, and data preprocessing .
Experience with

model risk management , regulatory capital, and stress testing.

Key Responsibilities

Credit Risk Modeling & Development

Lead the development and enhancement of IFRS9/CECL models for credit loss forecasting.
Conduct model performance monitoring and implement improvements as needed.
Support the end-to-end model lifecycle, including validation, implementation, and regulatory reporting.
Risk Analytics & Regulatory Compliance

Apply quantitative risk modeling techniques to assess credit risk exposure.
Collaborate with internal teams and regulators to ensure compliance with industry standards.
Provide documentation and regulatory reporting support for model governance.
Data Analysis & Business Support

Utilize Python, SAS, and other statistical tools for data wrangling and model development.
Conduct ECL decomposition to analyze the impact of macroeconomic changes, portfolio growth, and other risk factors.
Present findings to senior stakeholders and make data-driven recommendations for business decisions.

Apply

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