Current jobs related to Senior Specialist Model Validation - Toronto - BMO
-
Senior Specialist Model Validation
4 weeks ago
Toronto, Canada BMO Full timeSenior Specialist Model Validation BMO Position Summary Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and...
-
Senior Specialist Model Validation
4 days ago
Toronto, Canada BMO Full timeSenior Specialist Model Validation BMO Position Summary Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and...
-
Senior Model Validation Specialist
4 weeks ago
Toronto, Canada BMO Full timeA leading financial institution in Toronto is seeking a Senior Specialist Model Validation to validate Market Risk models and manage the validation lifecycle. You will assess model risk, develop validation strategies, and provide expert guidance on model vetting. The ideal candidate has over 5 years of experience in model validation with a Master or PhD in a...
-
Senior Model Validation Specialist
4 days ago
Toronto, Canada BMO Full timeA leading financial institution in Toronto is seeking a Senior Specialist Model Validation to validate Market Risk models and manage the validation lifecycle. You will assess model risk, develop validation strategies, and provide expert guidance on model vetting. The ideal candidate has over 5 years of experience in model validation with a Master or PhD in a...
-
Senior Specialist Model Validation
5 days ago
Toronto, ON, CAN, Canada Bank of Montreal Full timeApplication Deadline:Address:100 King Street West Job Family Group:Audit, Risk & CompliancePerforms validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure...
-
Manager, Model Validation
2 weeks ago
Toronto, Canada TMX Group Full time**Venture outside the ordinary - TMX Careers**The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into...
-
Manager, Model Validation
1 week ago
Toronto, Canada Scotiabank Full timeRequisition ID: 174453 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Global Model Risk Management area provides independent and consistent model validation and approval across various risk types, including market risk, retail/non-retail credit risk, operational risk, capital...
-
Manager, Model Validation
6 days ago
Toronto, Canada Scotiabank Full timeRequisition ID: 192592 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Model Validation & Approval area provides self-governing and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other...
-
Manager, Model Validation
1 week ago
Toronto, Canada Scotiabank Full timeRequisition ID: 170230 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Model Validation & Approval area provides independent and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, treasury, capital models and...
-
Model Risk Validation Specialist
3 weeks ago
Toronto, Canada FCC FAC Full timeA leading financial corporation in Toronto is seeking a Model Risk Management Analyst to validate and ensure compliance of credit risk models. In this full-time permanent role, you will manage model governance activities, independently validate models, and prepare reports. The ideal candidate holds a relevant bachelor's degree and has at least four years of...
Senior Specialist Model Validation
8 hours ago
Application Deadline:02/08/2026Address:100 King Street WestJob Family Group:Audit, Risk & CompliancePerforms validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.Acts as a trusted advisor to assigned business/group.Leads the research and development for validation of new types of models.Independently manage the complete validation project lifecycle for a suite of Market Risk models, including Value-at-Risk (VaR), FRTB and Stress Testing.Independent validation of financial, statistical, and machine‑learning models used in asset management (e.g., risk models, return forecasting models, optimization engines, scenario and stress testing tools).Define project scope, develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.Builds effective relationships with internal/external stakeholders.Ensures alignment between stakeholders.Monitors and tracks performance; addresses any issues.Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.Provides specialized consulting, analytical and technical support.Exercises judgment to identify, diagnose, and solve problems within given rules.Works independently and regularly handles non-routine situations.Broader work or accountabilities may be assigned as needed.Qualifications:Typically 5+ years of experience in Market Risk model validation, quantitative risk or model development within a global financial institution.Master or PhD in a quantitative field (Finance, Mathematics, Physics, Engineering and etc.).In-depth knowledge and understanding of model validation, model risk management practices.In-depth knowledge of Python & SQL.In-depth knowledge of regulatory requirements.In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.in Finance/Economics areas (i.e., MBA).Deep knowledge and technical proficiency gained through extensive education and business experience.Verbal & written communication skills - In-depth.Collaboration & team skills - In-depth.Analytical and problem solving skills - In-depth.Influence skills - In-depth.Data driven decision making - In-depth.Salary:$75,900.00 - $141,900.00Pay Type: SalariedThe above represents BMO Financial Group’s pay range and type.Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: About UsAt BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.To find out more visit us at .BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
