Model Validator, Compliance

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**

RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group CRO. The independent review arm of the department provides a second line of defense for the use of various types of models and, accordingly, oversees model risk management. RISK IRC is composed of a Model Governance team and several Model Validation groups. The Model Validation groups are responsible for performing an independent effective challenge of the modelling choices in accordance with internal policies, procedures, and standards under different regulations, such as the Federal Reserve Board letter SR11-7. In addition, RISK IRC participates to validation projects for the BNP Paribas Group based in Europe.

**In detail**

Conduct independent quantitative reviews of the models used within BNP Paribas in accordance with internal standards and regulatory guidance.

Leverage existing expertise to perform validation of models in the area of Compliance.

Provide challenge of conceptual soundness, reasonableness of model output, implementation and any other relevant modelling aspects impacting fit-for-use.

Work with validation managers to develop an appropriate validation plan to provide effective challenge commensurate with the level of model risk.

Work closely with different stakeholders in the Compliance stream - as well as with vendors - to help BNPP be compliant with model validation requirements in all the areas we service.

Prepare and present written information in a clear, concise and grammatically correct manner; distribute reports to senior management detailing risk assessment and concerns.

Achieve objectives within tight time constraints while balancing competing priorities.

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

**The strengths and skills that will help you succeed**

Master’s degree in Statistics, Computer Science, Finance, Economics, or any other related quantitative field.

Minimum 3 years of experience validating or developing models related to BSA/AML, Fraud, OFAC and financial crime models - ideally those relevant to banking activities.

Quantitative and statistical knowledge of AI and ML techniques, predictive modeling, statistical inference and probability, clustering, etc.
- Attention to detail and ability to manage multiple undertakings simultaneously and with different level of granularity, with a focus on priorities and deadlines.

Programming experience in statistical or mathematical languages such as Python or R.

Experience producing high quality written technical documentation.

Excellent communication and synthesis skills in addition to critical thinking capabilities and passion for learning.

Experience in performing and documenting rule testing and tuning activities including back-testing, above
- and below-the-line testing, benchmarking, and sensitivity analysis.

Knowledge of the regulatory requirements (such as SR11-7, etc.).

Familiarity with OCC/NYDFS standards or other similar regulatory requirements globally.
- 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 the 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

(Opens in a new tab)

**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;- (Opens in a new tab)

**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