Data Scientist, Market Risk Models

Desjardins; Montreal; Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Competitive salary and annual bonus

4 weeks of flexible vacation starting

Defined benefit pension plan

Group insurance including telemedicine

Reimbursement of health and wellness

Job summary

Desjardins in Montreal is seeking a junior data scientist for the Capital Markets Data Valorization Team to help design models for derivatives, market risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP). This 12-month temporary position emphasizes rigorous methodological work, documentation and collaboration with middle office and validation teams.

You will draft methodological docs, review inputs, implement risk models in systems such as Murex and MSCI RiskMetrics,

Qualifications

• Bachelor’s degree in finance, financial engineering or a related field.
• Minimum of four years of relevant experience in a market risk management or financial market environment.
• Experience working with a middle office, modelling team or model validation team.
• Knowledge of French is required and advanced English is needed due to duties and tools.

Responsibilities

• Help draft and update methodological documentation for derivatives and market risk models.
• Help update and document quantification methodologies for risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP).
• Help review model inputs and components, in collaboration with stakeholders.
• Help implement new products in risk systems (Murex, MSCI RiskMetrics, FISAdaptiv).
• Participate in workshops to formalize model needs and support their implementation.
• Contribute to the development of risk modelling practices through analysis, proposals and exploratory work.

Skills

French language

English proficiency

Analytical mindset

Communication skills

Collaboration

Education

Bachelor’s degree in finance/financial engineering

Tools

Murex

MSCI RiskMetrics

FIS Adaptiv

Excel

Job description

Temporary 12 months position.

The Capital Markets Data Valorization Team is looking for a junior data scientist to join the dynamic market risk model design team, which works closely with the middle office and data validation team. You will help implement and document the methodology for models related to derivatives, market risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP). The position requires a solid technical foundation, strong learning, collaboration and communication skills, and an analytical mindset so you can effectively support the team’s work and participate in ongoing initiatives. More specifically, you will be required to :

• Help draft and update methodological documentation for derivatives and market risk models.
• Help update and document quantification methodologies for risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP), according to the established standards.
• Help review model inputs and components, in collaboration with stakeholders.
• Help implement new products in risk systems (Murex, MSCI RiskMetrics, FISAdaptiv).
• Participate in workshops to formalize model needs and support their implementation.
• Contribute to the development of risk modelling practices through analysis, proposals and exploratory work.

What we offer*

• Competitive salary and annual bonus
• 4 weeks of flexible vacation starting in the first year
• Defined benefit pension plan that provides predictable, stable income throughout retirement
• Group insurance including telemedicine
• Reimbursement of health and wellness expenses

*Benefits apply based on eligibility criteria.

#LI-Hybrid

What you bring to the table

• Bachelor’s degree in finance, financial engineering or a related field
• A minimum of four years of relevant experience in a market risk management or financial market environment
• Please note that other combinations of qualifications and relevant experience may be considered
• Experience working with a middle office, modelling team or model validation team
• Knowledge of French is required
• Advanced proficiency of English due to the nature of the duties or work tools or because the position involves interactions with English-speaking partners, members and/or clients
• Advanced Excel skills
  Action oriented, Complexity, Customer Focus, Differences, Innovation, Interpersonal Savvy, Nimble learning

Equity, Diversity, Inclusion and Accessibility

At Desjardins, we believe in equity, diversity and inclusion. We’re committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients and communities we serve.

If there’s something we can do to help make the recruitment process or the job you’re applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!

Trade Union (If applicable)

Job Family

Data (FG)

Unposting Date

2026-11-4