Model Risk Governance Specialist

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2025. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**The position at a glance**

**In detail**

The Model Risk Governance Specialist is responsible for the following activities:

- Ensure compliance with all relevant regulatory requirements and internal standards related to model risk management under the guidance of the Head of RISK IRC Americas.
- Prepare and present regular reports on model risk status, issues, and mitigation efforts to senior management, internal audit and regulators.
- Coordinate and engage the model validators to ensure that model risk management practices are integrated into the model development and validation processes.
- Provide training and guidance to stakeholders on model risk management principles and best practices.
- Maintain an updated model inventory in accordance with model risk management (MRM) decisions.
- Manage the recommendations inventory and engage with the validators and implementation managers to ensure their adequate and timely resolution.
- Coordinate the annual model attestation with Business Lines and the effective challenge exercise to ensure the completeness and accuracy of the model inventory.
- Maintain and update when necessary, model risk policies, standards, and procedures to ensure consistent and effective model risk management.
- Contribute to the Operational risk framework. Support the annual operational Risk and Control Self-Assessment (RCSA) of RISK IRC Americas. Document the permanent controls applied by model governance team to ensure the oversight and robustness of the MRM framework.

Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.

**The strengths and skills that will help you succeed**
- Bachelor’s or master’s degree in finance, Economics, Mathematics, Statistics, or a related field.
- Minimum 3 years of experience in model risk management, preferably within the financial services industry.
- Ability to work in a fast-paced environment and manage multiple deadlines at once.
- Strong sense of ownership and accountability.
- Excellent analytical and organizational skills.
- Ability to engage various stakeholders and deliver clear reports.
- Strong verbal and written communication skills.
- Good synthesis skills and critical thinking capabilities.
- Highly efficient with Word, PowerPoint, Outlook and Excel.
- Programming skills (Python).
- Knowledge of AI models governance or validation.
- Knowledge of regulatory guidance on model risk management and banking regulation.
- Knowledge of databases and systems for model inventory management.
- Experience in interacting with model validators or internal auditors.
- Experience in writing policies and procedures.
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of English is required.

**What’s in it for you**

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

**What you need to know**
- You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mis