Chief Advisor Quantitative Risk Specialist

National Bank of Canada; Montreal (administrative region); On-site; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee and family assistance program

Preferential banking services

Involvement in community initiatives

Telemedicine service

Virtual sleep clinic

Job summary

National Bank of Canada is seeking a Chief Advisor – Model & Quantitative Specialist in Internal Audit Capital Markets to lead audits of model risk, market risk methodologies and front-to-back controls, delivering outcomes supported by robust analytics.

You will partner with Market Risk, Front Office and Finance, translating complex quantitative topics for senior stakeholders and driving remediation plans with a proactive ownership mindset.

Qualifications

• Bachelor’s or Master’s degree in a relevant field (e.g., quantitative finance, mathematics, statistics, engineering, actuarial sciences, economics)
• 10+ years relevant experience with exposure to Capital Markets
• Strong risk and complex financial instrument valuation expertise (VaR, stress testing, sensitivities, pricing models)
• Strong understanding of model risk management best practices (model lifecycle: development, implementation, validation, monitoring)
• Regulatory literacy for model risk, including OSFI Guideline E-23
• Excellent written and verbal communication skills - able to synthesize and explain complex quantitative topics to non-quant partners and senior management
• Collaborative and confident in stakeholder communications of findings and remediation plans
• A curious, proactive mindset with strong ownership, independence and attention to detail

Responsibilities

• Lead and/or execute audits across Capital Markets with a primary focus on model risk and quantitative topics (e.g., market risk models, stress testing frameworks, limit controls, valuation and model governance)
• Assess model lifecycle controls end-to-end (development, implementation, independent validation, monitoring, change management and documentation) and evaluate alignment with governance expectations and regulatory requirements (including OSFI Guideline E‑23)
• Perform quantitative audit procedures such as independent calculations, benchmarking/challenger analyses, sensitivity/stability testing and backtesting review to support clear, evidence-based conclusions
• Act as a trusted Internal Audit advisor for quantitative/model related topics with Front Office, Market Risk and Finance/Valuation Control, helping translate complex quantitative topics into actionable risk insights for senior stakeholders
• Influence and negotiate with senior management on the severity, root cause and remediation of issues raised; drive practical, measurable action plans
• Coach and upskill the team on quantitative concepts, model governance, audit best practices and effective challenge

Skills

Capital Markets

Model risk

Quantitative analysis

Audit

Stakeholder communication

Regulatory literacy

Education

Bachelor’s or Master’s degree in a relevant field

Tools

Python

R

Data analytics tools

Job description

A career in the Internal Audit Capital Markets team at National Bank, means using your quantitative expertise to challenge models and risk analytics that support trading, market risk and valuation control. As Chief Advisor – Model & Quantitative Specialist, you will lead and deliver audits focused on model risk, market risk methodologies and front‑to‑back controls, helping strengthen governance, improve outcomes, and ensure key decisions are supported by robust analytics. You will partner closely with Market Risk, Front Office and other control functions, and you will act as a go‑to subject matter expert for complex quantitative topics across the team.

Your role

• Lead and/or execute audits across Capital Markets with a primary focus on model risk and quantitative topics (e.g., market risk models, stress testing frameworks, limit controls, valuation and model governance)
• Assess model lifecycle controls end-to-end (development, implementation, independent validation, monitoring, change management and documentation) and evaluate alignment with governance expectations and regulatory requirements (including OSFI Guideline E‑23)
• Perform quantitative audit procedures such as independent calculations, benchmarking/challenger analyses, sensitivity/stability testing and backtesting review to support clear, evidence-based conclusions
• Act as a trusted Internal Audit advisor for quantitative/model related topics with Front Office, Market Risk and Finance/Valuation Control, helping translate complex quantitative topics into actionable risk insights for senior stakeholders
• Influence and negotiate with senior management on the severity, root cause and remediation of issues raised; drive practical, measurable action plans
• Coach and upskill the team on quantitative concepts, model governance, audit best practices and effective challenge

Your team

You will join a multidisciplinary team of 20+ colleagues and report to the Senior Director – Internal Audit Capital Markets. You will work on high‑impact, cross‑functional mandates that provide a front‑to‑back view of the trading and risk ecosystem, with exposure to senior stakeholders and complex quantitative topics. We offer an environment that supports learning, knowledge sharing and work/life balance.

Prerequisite

• Bachelor’s or Master’s degree in a relevant field (e.g., quantitative finance, mathematics, statistics, engineering, actuarial sciences, economics or related)
• 10+ years relevant experience with exposure to Capital Markets
• Strong risk and complex financial instrument valuation expertise (VaR, stress testing, sensitivities, P&L decomposition, pricing models)
• Strong understanding of model risk management best practices (model lifecycle: development, implementation, validation, monitoring)
• Regulatory literacy for model risk, including OSFI Guideline E‑23
• Excellent written and verbal communication skills - able to synthesize and explain complex quantitative topics to non‑quant partners and senior management
• Collaborative and confident in stakeholder communications of findings and remediation plans
• A curious, proactive mindset with strong ownership, independence and attention to detail

Languages: French, English

Reason to require this language: you will need to work closely with our colleagues outside Quebec.

Required skills: Artificial Intelligence, Cybersecurity, Diversity & Inclusion, Empathy, Initiative, Learning Agility, Resiliency, Teamwork

Your benefits

• Health and wellness program, including many options
• Flexible group insurance
• Generous pension plan
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement 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 value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are 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!