Senior Manager, Credit Risk Model Validation Expert

1 week ago


Toronto, Ontario, Canada BMO Full time
About the Role

We are seeking a highly skilled and experienced Senior Manager to join our Model Risk Management Team at BMO. As a Senior Manager, you will play a pivotal role in overseeing the validation of credit risk models, ensuring their appropriateness and capability for designated portfolios.

Key Responsibilities
  • Model Risk Review and Effective Challenge: You will perform the validation of models, assess model risk, and confirm model appropriateness and capability for designated portfolios.
  • Stakeholder Engagement: You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters.
  • Project Management: You will recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Change Management: You will lead change management programs, embracing new technology platforms, tools, and operating models.
  • Regulatory Expertise: You will act as a subject matter expert on relevant regulations and policies, interpreting new regulations and assessing impacts to the program/portfolio validation framework.
Requirements
  • 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.
  • Certifications: While qualifications like CFA are helpful, they are not mandatory.
  • 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.
About BMO

BMO is committed to an inclusive, equitable, and accessible workplace. We value diversity and strive to create a culture where everyone feels valued, respected, and heard. We offer a comprehensive benefits package, including health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

We are a dynamic and innovative organization, and we are looking for talented individuals who share our purpose: Boldly Grow the Good in business and life. If you are passionate about model risk management and want to make a meaningful impact, we encourage you to apply for this exciting opportunity.



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