Credit Risk Model Validation Lead (Senior Manager)

BMO Financial Group; Toronto; Hybrid; CAD 94,000 - 176,000; Full time

Job summary

A leading financial institution is seeking a Senior Manager for Model Risk Management. This role involves validating credit risk models, managing stakeholder relationships, and overseeing project initiatives. The ideal candidate holds an MSc or PhD in a quantitative field and has at least 7 years of relevant experience. The position is located in Toronto with a hybrid work arrangement, offering a salary range of $94,600 to $176,000.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Performance-based incentives

Qualifications

• Minimum of 7 years of experience in model development and/or validation within a financial institution.
• Experience with credit risk models including stress testing and loss forecasting.
• Certifications like CFA, FRM, PRM are beneficial.

Responsibilities

• Validate credit risk models and assess model risk for designated portfolios.
• Manage relationships with model developers and users.
• Provide project and change management oversight.

Skills

Model development and validation

Stakeholder management

Project management oversight

Analytical skills

Communication skills

Education

MSc or PhD in quantitative fields

Tools

Python

R

SAS

SQL

Oracle relational databases

Job description

A leading financial institution is seeking a Senior Manager for Model Risk Management. This role involves validating credit risk models, managing stakeholder relationships, and overseeing project initiatives. The ideal candidate holds an MSc or PhD in a quantitative field and has at least 7 years of relevant experience. The position is located in Toronto with a hybrid work arrangement, offering a salary range of $94,600 to $176,000.