Quantitative Analyst – Model Validation

7 days ago

Toronto, Ontario, Canada BeachHead Full time $120,000 - $180,000 per year

Working with one of our top financial clients, this role calls for a Quantitative Analyst – Model Validation (Derivatives & Risk Models) with a strong background in mathematical modeling, computational finance, and programming. You will be responsible for performing independent validations of models related to Derivative Pricing, xVA, Counterparty Credit Risk (CCR), and Market Risk, ensuring they meet regulatory, analytical, and business standards.

Responsibilities:

  • Perform independent initial and ongoing validations of Derivative Pricing, xVA, CCR, and Market Risk models across the organization's global trading business, covering asset classes such as Interest Rate, Equity, FX, Credit, and Commodity derivatives.
  • Prepare detailed validation reports outlining model assumptions, analytical methodologies, computational techniques, and test results.
  • Develop, implement, and enhance model validation methodologies and standards in alignment with industry best practices and regulatory requirements.
  • Collaborate effectively with internal partners, including the Quantitative Engineering Group, Model Development (MD) Group, and IT teams, to ensure model appropriateness, consistency, and accuracy.
  • Support regulatory and audit reviews by ensuring findings and recommendations are addressed in a timely and effective manner.

Desired Skill Set:

  • Strong understanding of pricing theory, stochastic calculus, statistics, and numerical techniques used in derivative pricing (PDE/trees, Monte Carlo simulation, optimization).
  • Expertise in Counterparty Credit Risk (CCR), Credit Valuation Adjustment (CVA) modeling, and parameter calibration techniques.
  • Proficiency in programming languages such as C/C++ and Python for quantitative analysis and model validation.
  • Excellent quantitative background with a degree in Mathematics, Physics, Engineering, Computational Finance, or Statistics.
  • Exceptional ability to write clear and comprehensive technical documentation and validation reports.
  • Strong analytical, investigative, and problem-solving skills, with attention to detail and model rigor.

Nice-to-Have Skills:

  • Prior experience working in a banking or financial institution.

BeachHead is an equal opportunity agency and employer. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.

Privacy Policy

  • Senior Quantitative Analyst

    6 days ago

    Toronto, Ontario, Canada WELL Health Technologies-SF Full time $120,000 - $180,000 per year

    Company DescriptionWELL Health is a healthcare technology company dedicated to empowering healthcare providers across North America with innovative digital tools and services. WELL Health's practitioner enablement platform offers virtual care and digital patient engagement capabilities, along with electronic medical records (EMR), revenue cycle management,...

  • Senior Quantitative Analyst, IFRS Stress Testing Models

    3 minutes ago

    Toronto, Ontario, Canada CIBC Full time $120,000 - $180,000 per year

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Senior Analyst, Quantitative Risk Management

    2 weeks ago

    Toronto, Ontario, Canada TMX GROUP Full time $80,000 - $120,000 per year

    Venture outside the ordinary - TMX CareersThe 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 action,...

  • Senior Analyst, Quantitative Risk Management

    2 weeks ago

    Toronto, Ontario, Canada TMX Group Full time $80,000 - $120,000 per year

    Venture outside the ordinary - TMX CareersThe 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 action,...

  • Senior Consultant, Quantitative Risk Modelling

    5 days ago

    Toronto, Ontario, Canada CIBC Full time $120,000 - $180,000 per year

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Lead Python Developer – Quantitative Finance

    1 week ago

    Toronto, Ontario, Canada Global Applications Solution Full time $120,000 - $180,000 per year

    Lead Python Developer (Tech Lead) – Quantitative FinanceLocation:Toronto, ONEngagement:Full-Time or SubcontractMode:Hybrid (3 days onsite per week mandatory)About the RoleWe are seeking a highly skilledLead Python Developerwith strong expertise inQuantitative Finance and Market Data Integration. The successful candidate will lead the design and development...

  • Quantitative Research Analyst

    1 week ago

    Toronto, Ontario, Canada Waterfront International Full time $120,000 - $200,000 per year

    We are currently looking for highly talented individuals with a history of exceptional academic and/or industry achievement who are interested in working in a fast paced, stimulating and dynamic environment.Primary Responsibilities:Develop, modify, optimize, test and implement real time quantitative trading models and strategies.Perform statistical analysis...

  • Associate, Quantitative Rotational Program

    6 days ago

    Toronto, Ontario, Canada CIBC Full time $90,000 - $110,000 per year

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Associate, Quantitative Rotational Program

    7 days ago

    Toronto, Ontario, Canada CIBC Full time $90,000 - $150,000 per year

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Modelling / Forecasting Senior Analyst (Quants)

    7 days ago

    Toronto, Ontario, Canada TD Full time $120,000 - $180,000 per year

    Work Location:Toronto, Ontario, Canada*Hours:*37.5*Line Of Business:*Analytics, Insights, & Artificial Intelligence*Pay Details:*73, ,400 CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies...