Model Validation Expert

3 weeks ago


Toronto, Ontario, Canada Intact Financial Corporation Full time
About the Role

We're seeking a highly skilled Model Validation Specialist to join our Risk Management team. Our team is responsible for developing and supporting the implementation of the risk management framework, providing independent reviews and challenges to the business, and identifying, assessing, responding, monitoring, and reporting on risks that our company faces.

Key Responsibilities
  • Lead the independent validation and vetting of the Canadian internal economic capital model.
  • Communicate the results of model validation activities, model limitations, and uncertainties to key stakeholders and management, providing robust challenge to model outcomes.
  • Conduct periodic reviews to assess the model's compliance with established policies and procedures.
  • Act as a primary resource for communicating model oversight framework with regulators and external stakeholders.
  • Foster innovation, with great opportunity to define how we best conduct benchmarking analysis, backtesting, and sensitivity analysis as we continue to validate the internal model.
  • Provide active support and technical advice to the team, senior management, and key stakeholders.
  • Assist the team in implementing the Model Risk Management framework.
  • Beyond an exclusive focus on insurance risk, you will have the opportunity to contribute more widely to managing other risks that impact capital requirements, as the role evolves.
Requirements
  • Bachelor's degree in math, math finance, statistics, data science, or actuarial sciences.
  • At least 5 years of relevant experience in modeling.
  • Experience with economic capital models is an asset.
  • Experience in model validation, including knowledge of validation testing techniques and technical theory, is considered a plus.
  • Strong analytical skills, knowledge of mathematical techniques, and solid planning and execution.
  • Proactive approach, autonomy, efficiency, and excellent team player.
  • Experience in coaching other team members on running and improving team processes, and special projects.
  • Ability to learn quickly, adapt to change, receptive to feedback, and stay updated with emerging risks.
  • Sound skills in oral and written communication and interpersonal relations with ability to interact with a variety of people at all levels of the organization.
  • Able to relay complex concepts in ways that other stakeholders will easily understand.
  • High level of professionalism, integrity, and ethics.
  • Proficiency in Microsoft Office Suite, VBA, with knowledge of Python, SQL a plus.
What We Offer
  • A financial rewards program that recognizes your success.
  • An industry-leading Employee Share Purchase Plan; we match 50% of net shares purchased.
  • An extensive flex pension and benefits package, with access to virtual healthcare.
  • Flexible work arrangements.
  • Possibility to purchase up to 5 extra days off per year.
  • An annual wellness account that promotes an active and healthy lifestyle.
  • Access to tools and resources to support physical and mental health, embracing change, and connecting with colleagues.
  • A dynamic workplace learning ecosystem complete with learning journeys, interactive online content, and inspiring programs.
  • Inclusive employee-led networks to educate, inspire, amplify voices, build relationships, and provide development opportunities.
  • Inspiring leaders and colleagues who will lift you up and help you grow.
  • A Community Impact program, because what you care about is a part of what makes you different. And how you contribute to your community should be just as unique.
We Are an Equal Opportunity Employer

At Intact, we value diversity and strive to create an inclusive, accessible workplace where all individuals feel valued, respected, and heard.

If we can provide a specific adjustment to make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity. We'll work with you to meet your needs.



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