Model Risk Manager Senior F/H

22 hours ago


Old Toronto, Canada Bank of Montreal Full time
p>Application Deadline:

12/10/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Seeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Manager, Model Risk, Credit Risk. As a Senior Manager in our second-line governance and control, you will play a pivotal role in overseeing the validation of credit risk models, such as credit adjudication and account management models, Capital, Stress Testing and Allowance models. b>

  • Model Risk Review and Effective Challenge: You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. you assess the associated model risk and the controls in place to mitigate identified risks.
  • Risk Understanding: You will need to connect the dots between technical issues and business considerations.

What we are looking for:

  • A postgraduate degree in quantitative fields such as statistics, mathematics, financial mathematics, data science, actuarial sciences or related fields.
  • A minimum of 7 years of experience in model development, validation, or governance within a financial institution, particularly in the credit risk area.
  • Experience in credit risk models, including AIRB, Stress Testing & loss forecasting, and Adjudication.
  • Proficiency in a programming language such as Python, R, and SAS.
  • Proficiency in working with relational databases – SQL or Oracle.
  • Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.


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