Model Risk Manager

3 weeks ago


Toronto, Canada HomeEquity Bank Full time

WHO WE ARE
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

Our Values, Our Passion
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

Customer-Focused. Passionate Advocates
Courage to Act. Do the Right Thing
One Team. One Vision
Think Long-Term. Ever-Evolving
Be Exceptional. Inspire Greatness

This role works closely with our business partners as the second line of defense to manage the Bank's risk exposure within our stated risk appetite, while allowing the business to achieve its goals. This role will support the management of model risk across the enterprise.

MAJOR ELEMENTS OF THE ROLE

**Key accountabilities of this position include**:

- Manage model risk across the model lifecycle including validation, ongoing performance evaluation and periodic model reviews.
- Perform detailed model validations, design and execute appropriate quantitative testing, analyze conceptual soundness and assess model suitability.
- Provide effective challenge to model assumptions, mathematical formulation, and implementation.
- Develop alternative model benchmarks and challenger models as appropriate.
- Document and present findings to executive model owners, identifying key model limitations, and recommending compensating controls.
- Conduct self-study of developments in modeling and validation techniques, regulatory guidelines, and new analytical tools.
- Supporting the continued evolution of best practice model risk framework including validation process standards, guidance, practices, and templates.

SKILLS AND EXPERIENCE REQUIRED

**Qualifications**:

- Graduate degree in Finance, Economics, Data Science, or related field.
- FRM (ideal), CFA or equivalent knowledge of financial markets and products gained through experience.
- 5+ years experience in model development, model validation or quant-focused risk management at a financial institution.
- Experience with multiple of the following model types: Credit Risk, Finance, Loss Forecasting, Stress Testing, Actuarial, Liquidity, Market Risk.

Attributes
- Good analytic, creative thinking, and problem-solving abilities.
- Effective and professional stakeholder management.
- Track record of attention to detail with experience producing technical documentation self-policed for data issues, coding errors and overall accuracy.

Working Conditions Unique to Job
- Hybrid working environment

WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility - an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture - With People at the Centre
We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People
We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Ad


  • Model Risk Manager

    2 weeks ago


    Toronto, Canada HomeEquity Bank Full time

    WHO WE ARE HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse...

  • Model Risk Manager

    4 days ago


    Toronto, Ontario, Canada HomeEquity Bank Full time

    WHO WE AREHomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse...


  • Old Toronto, Canada Manulife Insurance Malaysia Full time

    Manager, Model Risk Management page is loaded Manager, Model Risk Management Apply locations Toronto, Ontario time type Full time posted on Posted Yesterday job requisition id JR24050935 We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues...


  • Old Toronto, Canada Manulife Full time

    We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and...


  • Toronto, Ontario, Canada Manulife Insurance Malaysia Full time $103,050 - $185,490

    Director, Model Risk Management page is loaded Director, Model Risk Management Postuler locations Toronto, siège social mondial (200 Bloor) time type Temps plein posted on Publié hier job requisition id JR Nous sommes un fournisseur de services financiers qui s'emploie à faciliter les décisions de nos clients et de nos collègues partout dans le monde...


  • Toronto, Ontario, Canada Manulife Full time

    We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and...


  • Old Toronto, Canada Manulife Full time

    We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and...


  • Old Toronto, Canada Manulife Insurance Malaysia Full time

    Director, Model Risk Management page is loaded Director, Model Risk Management Apply locations CAN, Ontario, Toronto, 200 Bloor Street East time type Full time posted on Posted Yesterday job requisition id JR24060123 We are a leading financial services provider committed to making decisions easier and lives better for our...


  • Old Toronto, Canada Manulife Insurance Malaysia Full time

    Director, Model Risk Management page is loaded Director, Model Risk Management Apply locations CAN, Ontario, Toronto, 200 Bloor Street East time type Full time posted on Posted 2 Days Ago job requisition id JR24060123 We are a leading financial services provider committed to making decisions easier and lives better for...


  • Toronto, Ontario, Canada Definity Careers Full time

    The Model Risk Oversight function in Enterprise Risk Management (ERM) provides oversight for the Model Risk Management framework through which the model risks across the organization are identified, measured, managed, monitored, and reported. The scope and depth of model oversight activities across the organization will be significantly increased to meet the...


  • Toronto, Canada Canada Life Assurance Company Full time

    **Job Description**: The role is responsible for developing and managing a library of financial risk models and rating scorecards, that enable us to value, and risk manage, our portfolio of assets. The role is responsible for delivering these robust models for use in risk management, ensuring that the models meet the relevant regulatory requirements and are...


  • Toronto, Canada Canada Life Assurance Company Full time

    **Job Description**: The role is responsible for developing and managing a library of financial risk models and rating scorecards, that enable us to value, and risk manage, our portfolio of assets. The role is responsible for delivering these robust models for use in risk management, ensuring that the models meet the relevant regulatory requirements and are...


  • Toronto, Ontario, Canada Definity Financial Full time

    Job DescriptionThe Model Risk Oversight function in Enterprise Risk Management (ERM) provides oversight for the Model Risk Management framework through which the model risks across the organization are identified, measured, managed, monitored, and reported. The scope and depth of model oversight activities across the organization will be significantly...


  • Toronto, Ontario, Canada Definity Financial Full time

    Job DescriptionThe Model Risk Oversight function in Enterprise Risk Management (ERM) provides oversight for the Model Risk Management framework through which the model risks across the organization are identified, measured, managed, monitored, and reported. The scope and depth of model oversight activities across the organization will be significantly...


  • Old Toronto, Canada Manulife Insurance Malaysia Full time

    Director, Model Risk Management page is loaded Director, Model Risk Management Postuler locations Toronto, siège social mondial (200 Bloor) time type Temps plein posted on Publié hier job requisition id JR24060123 Nous sommes un fournisseur de services financiers qui s’emploie à faciliter les décisions de nos...


  • Toronto, Canada Ontario Teachers' Pension Plan Full time

    The opportunity Exciting opportunity to join our Model Risk Team! The Associate is responsible for a variety of research and development activities primarily for the purpose of developing risk and valuation models for various asset classes and independently validating models, assessing model risk, and providing recommendations on improvements to reduce...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 194933 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose** - Provide strategic direction, leadership and oversight for model risk management globally by ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies...


  • Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 181865 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Excited about **creating a safer financial world** by using your data, analytics, and modelling skills? - **Join us!** As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards...


  • Toronto, Ontario, Canada Financeit Full time

    We are looking for a creative VP Credit Risk, Modeling & Analytics to join our productive team at Financeit in Toronto, Ontario, Canada. Growing your career as a hybrid VP Credit Risk, Modeling & Analytics is a fantastic opportunity to develop indispensable skills. If you are strong in problem-solving, innovation and have the right drive for the job, then...