Current jobs related to Senior Specialist, Model Validation Expert - Toronto, Ontario - CMHC - SCHL


  • Toronto, Ontario, Canada CMHC Full time

    About the RoleAs a Senior Specialist, Model Validation, you will play a critical role in ensuring the accuracy and reliability of CMHC's financial models. You will work closely with the Model Risk Management division to develop, validate, and interpret models that inform decision-making and enhance risk management.Key ResponsibilitiesValidate various models,...


  • Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives, including model development, validation, and interpretation of model...


  • Toronto, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryThis position will report to the Director, Model Validation and Credit Strategies. The position will be responsible for completing model validations of Credit Risk models developed for use in Retail Credit and Small Business strategies. In addition, the position will also support the effective challenge and validation of credit strategies...


  • Toronto, Ontario, Canada Company 1 - The Manufacturers Life Insurance Company Full time

    Job DescriptionWe are seeking a highly skilled and experienced Actuarial Modelling and Reporting Specialist to join our team at Company 1 - The Manufacturers Life Insurance Company. The successful candidate will be responsible for delivering high-quality actuarial modelling and reporting solutions that meet the needs of our business.Key...


  • Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job DescriptionThe Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team is responsible for the second line of defense for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will oversee the independent validation of methodologies, parameters, assumptions,...


  • Toronto, Ontario, Canada Bank of Montreal Full time

    Treasury and Liquidity Model Validation ExpertJob Summary:We are seeking a highly skilled Treasury and Liquidity Model Validation Expert to join our team. As a key member of our model validation program, you will be responsible for ensuring the accuracy and reliability of our treasury and liquidity models.Key Responsibilities:Validate treasury and liquidity...


  • Toronto, Ontario, Canada Moody's Full time

    OverviewMoodys Analytics is a leading provider of financial intelligence and analytical tools. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace.About the RoleWe are seeking an Actuarial Model Validation Specialist to join our team in Toronto or...

  • Senior Manager

    1 week ago


    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job OverviewWe are seeking a seasoned Senior Manager to join our Model Risk Audit Team at Royal Bank of Canada. This is an exciting opportunity for a highly skilled professional to leverage their expertise in model risk management and audit.About the RoleThis key role will involve leading technical audit engagements related to various models, including AML,...


  • Toronto, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryThis position will report to the Director, Model Validation and Credit Strategies. The position will be responsible for completing model validations of Credit Risk models developed for use in Retail Credit and Small Business strategies. In addition, the position will also support the effective challenge and validation of credit strategies...


  • Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job DescriptionWhat is the Opportunity?The Group Risk Management (GRM) team within Royal Bank of Canada is responsible for performing the second line of defense role for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent...


  • Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 203166At Scotiabank, we are committed to maintaining the ongoing effectiveness of our AML model validation program. We are seeking a Manager to provide assist and execution within our AML Model Validation team.The Manager will be independently executing data management and model quality assurance testing/validation work according to the AML...


  • Toronto, Ontario, Canada Royal Bank of Canada> Full time

    About the Role:This is an exciting opportunity to join the Royal Bank of Canada's Group Risk Management team as a Senior Manager, responsible for leading model validations of Credit Risk models developed for use in Retail Credit and Small Business strategies. The ideal candidate will have a strong background in statistical methods, data analysis, and credit...


  • Toronto, Ontario, Canada Scotiabank Full time

    Requisition ID: 203110At Scotiabank, we are committed to delivering results in an inclusive and high-performing culture.PurposeAs a Senior Manager, Model Risk Audit Expert, you will lead and manage audits as Office in Charge (OIC) to assess the design and operating effectiveness of model risk management/controls and provide high-quality, value-added...


  • Toronto, Ontario, Canada Scotiabank Full time

    About ScotiabankScotiabank is a purpose-driven winning team committed to results in an inclusive and high-performing culture.About the RoleWe are seeking a Manager, Model Validation to join our AML Model Validation team. The incumbent will be independently executing data management and model quality assurance testing/validation work according to the AML...


  • Toronto, Ontario, Canada North Horizon Holdings Inc. Full time

    We are seeking a highly skilled and detail-oriented Senior Risk Modeling Expert to join our risk management team at North Horizon Holdings Inc. in a key role focused on building advanced risk models and supporting deal analysis from a risk perspective.The ideal candidate will directly report to the Head of Quantitative Risk Analytics Team and support ad-hoc...


  • Toronto, Ontario, Canada BMO Full time

    Job SummaryBMO is seeking a highly skilled Senior Manager, Credit Risk Modeling to lead the development and implementation of credit risk models and strategies for Canadian Personal & Business Banking portfolios.Key ResponsibilitiesDevelop and maintain advanced credit risk models and analytics to support credit risk management activities.Lead the development...


  • Toronto, Ontario, Canada Vosyn Full time

    Unlock Your Potential in AI FinanceAt Vosyn, we're revolutionizing the world of Artificial Intelligence, and we're looking for a talented Financial Modeling Intern to join our dynamic team. As a key member of our Finance department, you'll have the opportunity to develop and refine complex financial models that drive business decisions and shape the future...


  • Toronto, Ontario, Canada Company 1 - The Manufacturers Life Insurance Company Full time

    About the RoleWe are seeking an experienced Actuarial Modelling and Reporting Specialist to join our team at Company 1 - The Manufacturers Life Insurance Company. As an Actuarial Modelling and Reporting Specialist, you will be responsible for defining actuarial data analysis requirements, providing expert delivery and consultation around cloud-based...

  • Senior Manager

    1 month ago


    Toronto, Ontario, Canada Royal Bank of Canada> Full time

    About the RoleWe are seeking a Senior Manager to join our Model Risk Audit team at Royal Bank of Canada. As a key member of our team, you will be responsible for providing independent and objective assessments of the effectiveness of Model Risk practices within the first and second line of defence across RBC.Key ResponsibilitiesContribute to the development...


  • Toronto, Ontario, Canada Intact Financial Corporation Full time

    We are seeking a highly skilled Data Validation Specialist to join our Risk Management team.About the RoleThis is an exciting opportunity to lead the independent validation and vetting of our Canadian internal economic capital model. You will be responsible for structuring and executing internal model validation and testing in line with best practices.You...

Senior Specialist, Model Validation Expert

1 month ago


Toronto, Ontario, Canada CMHC - SCHL Full time

About the Role

We are seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives, including model development, validation, and interpretation of model results.

Key Responsibilities

  • Perform validation of different models, including credit risk, pricing, actuarial, IFRS17, economic capital, stress testing, and machine learning models.
  • Design and implement statistical tests to assess model sensitivity, robustness, and performance.
  • Assess model soundness and risk in both approach and usage.
  • Monitor model performance to ensure ongoing quality and identify opportunities to improve existing models and analytical tools.
  • Draft comprehensive validation reports and discuss model issues with stakeholders.

Requirements

  • A postgraduate degree in Quantitative Finance, Mathematics, Statistics, Data Science, Actuarial Science, Finance, Economics, or other quantitative field.
  • A minimum of five years of relevant experience in modelling/validation or quantitative analytics at a bank, insurance company, asset manager, or other financial institution.
  • Demonstrated experience with actuarial, statistical, and econometric models.
  • Demonstrated knowledge and experience with various quantitative software.
  • Knowledge of OSFI capital rules and risk management standards and IAIS capital standards.

Preferred Qualifications

  • Professional designation in Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance, etc.
  • Demonstrated experience with mortgage insurance, retail lending, scorecard development, economic capital, and stress testing.
  • Experience with Machine Learning algorithms and Probabilistic Modelling.
  • Bilingual (English & French).

About CMHC

CMHC is an inclusive workplace where diversity of thought and people are recognized, valued, and considered essential to achieving our mission. We're committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans, and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply.