Advisor Risk Model Validation

National Bank of Canada; Montreal (administrative region); Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Health & wellness

Group insurance

Pension plan

Employee and Family Assistance Program

Preferential banking

Community involvement

Telemedicine

Sleep clinic

Job summary

National Bank of Canada seeks a Risk Model Validation Advisor to join its market risk Model Validation team. You will validate market, counterparty and economic capital models, analyze risk metrics, and produce actionable validation reports to influence limits and usage of models.

You will collaborate with stakeholders across risk and governance functions, contributing to model inventory management and governance. A hybrid work environment supports flexibility and professional growth.

Qualifications

• Diploma in a relevant field (finance, mathematics, financial engineering or related) and ~5 years of experience.
• Experience in risk management or model validation.
• Knowledge of financial products and derivatives.
• Proficiency with quantitative and programming tools (Python, MATLAB or equivalent).
• Familiarity with Basel, FRTB or Guideline E23 (asset) regulatory frameworks.

Responsibilities

• Validate market, counterparty and economic capital risk models by analysing risk metrics (var, SVAR) and profits and losses.
• Produce clear validation reports and make recommendations on limits and use of models.
• Develop and improve model risk quantification tools to support the sector's activities.
• Contribute to model governance, including managing and developing the model inventory.
• Analyse model risks based on best practises, financial literature and regulatory requirements.
• Collaborate with stakeholders and support managers in projects related to risk validation and management.

Skills

AI

Cybersecurity

Detail-oriented

Diversity & Inclusion

Empathy

Initiative

Learning Agility

MATLAB

Model Validation

Python

Resiliency

Risk Management

Self-Sufficiency

Teamwork

Education

Diploma in finance/math/financial engineering

Tools

Python

MATLAB

Job description

A career as a risk Model Validation Advisor on
the market risk Model Validation team at National Bank means acting as a model
risk validation and management specialist. This position allows you to have a
direct impact on the quality of decisions and risk management thanks to your
knowledge of financial modelling, analytical skills and expertise in model
validation.

• Validate market, counterparty and economic
  capital risk models by analysing risk metrics (var, SVAR) and profits and losses
• Produce clear validation reports and make recommendations on limits and use of
  models
• Develop and improve model risk quantification tools to support the sector's
  activities
• Contribute to model governance, including managing and developing the model inventory
• Analyze model risks based on best practises, financial literature and regulatory requirements
• Collaborate with stakeholders and support managers in projects related to risk validation and management

Your team

Validation of market risk models, you are part
of a specialised and experienced team and report to the Senior Manager – Model Validation and Governance. Our team stands out for its collaborative spirit,
knowledge sharing and high level of expertise. Our goal is to offer you maximum flexibility to promote your quality of life. This includes a hybrid work environment and a flexible, adaptable schedule.

The Bank values continuous development and
internal mobility. Our personalised training programs, based on on on-the-job learning, help you master your profession and develop new fields of expertise. Tools such as the Data Academy, Language Training, the Harvard Learning Centre and coaching and mentoring support are available to you at any time.

Prerequisites

• A diploma in a relevant field (finance,
  mathematics, financial engineering or a related field) and approximately 5 years of experience.
• Experience in risk management or model validation
• Knowledge of financial products and derivatives
• Proficient quantitative and programming tools (Python, Matlab or equivalent)
• Be familiar with regulatory frameworks such as Basel, FRTB or Guideline E23 (an asset)

A career as a risk Model Validation Advisor on
the market risk Model Validation team at National Bank means acting as a model risk validation and management specialist. This position allows you to have a direct impact on the quality of decisions and risk management thanks to your knowledge of financial modelling, analytical skills and expertise in model validation.

Your job

• Validate market, counterparty and economic capital risk models by analysing risk metrics (var, SVAR) and profits and losses
• Produce clear validation reports and make recommendations on limits and use of models
• Develop and improve model risk quantification tools to support the sector's activities
• Contribute to model governance, including managing and developing the model inventory
• Analyze model risks based on best practises, financial literature and regulatory requirements
• Collaborate with stakeholders and support managers in projects related to risk validation and management

Your team

Validation of market risk models, you are part
of a specialised and experienced team and report to the Senior Manager – Model Validation and Governance. Our team stands out for its collaborative spirit,
knowledge sharing and high level of expertise. Our goal is to offer you maximum flexibility to promote your quality of life. This includes a hybrid work environment and a flexible, adaptable schedule.

The Bank values continuous development and
internal mobility. Our personalised training programs, based on on on-the-job learning, help you master your profession and develop new fields of expertise. Tools such as the Data Academy, Language Training, the Harvard Learning Centre and coaching and mentoring support are available to you at any time.

Prerequisites

• A diploma in a relevant field (finance,
  mathematics, financial engineering or a related field) and approximately 5 years of experience.
• Experience in risk management or model validation
• Knowledge of financial products and derivatives
• Proficient quantitative and programming tools (Python, Matlab or equivalent)
• Be familiar with regulatory frameworks such as Basel, FRTB or Guideline E23 (an asset)

Languages: French, English
Reason to require this language: you will need to work closely with our colleagues outside Quebec.
Required skills: Artificial Intelligence, Cybersecurity, Detail-oriented, Diversity & Inclusion, Empathy, Initiative, Learning Agility, Matlab, Model Validation, Python, Resiliency, Risk Management, Self-Sufficiency, Teamwork

Your benefits

In addition to competitive compensation, you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• Health and wellness program, including many options
• Group insurance
• Generous pension plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities to get involved in community initiatives
• Telemedicine service
• Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.
Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

Making a bold move in a people-first environment

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.Our mission is to have a positive impact on people's lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.
We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?