Advisor Risk Model Validation - National Bank

Bilinguallink; Montreal (administrative region); On-site; CAD 100,000 - 150,000; Full time

Benefits offered by this job

Health and wellness program

Group insurance

Generous pension plan

Employee and Family Assistance Program

Preferential banking services

Community involvement opportunities

Telemedicine service

Virtual sleep clinic

Job summary

National Bank of Canada is seeking a Risk Model Validation Advisor within the market risk Model Validation team. The role focuses on validating models, quantifying risk, and supporting governance with robust validation reports.

You will collaborate with stakeholders, apply regulatory knowledge, and contribute to improving validation tools in a hybrid work environment.

Qualifications

• 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.

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.
• 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.

Skills

Quantitative analysis

Risk management

Model validation

Python

MATLAB

Regulatory knowledge

Education

Diploma in finance/ mathematics/ 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.

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)

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?

Join us!