Director, model risk management

Société Financière Manuvie; Toronto; Hybrid; CAD 105,000 - 191,000; Full time

Job summary

An established industry player is seeking a Director of AI Model Risk Management to lead AI adoption initiatives. This pivotal role involves collaborating with global stakeholders to ensure the safe integration of AI technologies. You will develop advanced governance frameworks and validation techniques, enhancing operational efficiency and compliance. The position offers a unique opportunity to shape AI governance and drive strategic goals within a flexible and inclusive work environment. If you are passionate about AI and risk management, this role is perfect for you.

Benefits

Health insurance

Dental insurance

Mental health support

Vision insurance

Retirement plans

Paid time off

Flexible work environment

Financial education resources

Qualifications

• 5+ years in model risk management, focusing on AI/ML models.
• Postgraduate degree in a quantitative field required.
• Strong leadership and regulatory knowledge essential.

Responsibilities

• Develop and implement AI Model Risk Management policies.
• Coordinate risk assessments with global stakeholders.
• Promote GenAI adoption in model risk governance.

Skills

AI/ML model risk management

Leadership and mentoring

Analytical skills

Problem-solving

Communication skills

Regulatory knowledge

Programming (Python, R)

Education

Postgraduate degree in Data Science

Postgraduate degree in Statistics

Postgraduate degree in Computer Science

Tools

Python

R

TensorFlow

Job description

The Director of AI Model Risk Management is a key risk governance advisor and cross-functional risk coordinator at Manulife, leading AI adoption initiatives. As part of the Group Model Risk Management (MRM) team, you will advise global stakeholders to ensure the safe, secure, and efficient integration of AI technologies/models. This role is vital for accelerating AI adoption, improving operational efficiency, and reducing compliance costs across the organization. You will collaborate with Model Risk Management teams to develop advanced AI governance frameworks and validation techniques, leveraging artificial intelligence. Reporting to the AVP, Model Risk Management, this position is based at the Toronto Head Office.

By establishing a responsible AI governance framework and coordinating risk assessments, you will ensure robust AI model risk management. Incorporating GenAI in governance and validation processes will help revolutionize MRM operations. This role directly impacts Manulife's ability to capitalize on AI opportunities, supporting strategic goals.

Primary Responsibilities:

1. Develop and implement an AI Model Risk Management (MRM) policy in collaboration with the Advanced Analytics Model Validation and Governance team (AAMVG) and global stakeholders.
2. Coordinate risk assessments with global stakeholders and participate in AI model risk evaluations.
3. Establish or support a responsible AI governance framework to ensure compliance and mitigate risks.
4. Facilitate AI/GenAI enablement for model validation, research, and compliance training.
5. Develop AI-based training programs, including static audio/video content for company-wide model risk compliance education.
6. Serve as a senior advisor on AI model risk governance, providing insights and recommendations to leadership.
7. Promote GenAI adoption in model risk governance and validation processes.

Required Qualifications:

• Postgraduate degree in Data Science, Statistics, Computer Science, or a related quantitative field.
• At least 5 years of experience in model risk management, focusing on AI/ML models.
• Proven leadership skills with the ability to mentor and influence risk professionals.
• Strong understanding of regulatory requirements related to model risk and AI/ML.
• Excellent analytical, problem-solving, and communication skills.
• Experience with programming languages and tools such as Python, R, TensorFlow, or similar.
• Knowledge of corporate governance, legal, risk, and compliance aspects is advantageous.

Additional Information:

Joining our team means:

• Empowering your learning and career growth.
• Working in a flexible, inclusive environment that values well-being.
• Shaping the future as part of our global team.

About Manulife and John Hancock:

Manulife Financial is a global leader in financial services, helping people make decisions easier and live better. Learn more at www.manuvie.com.

Manulife is committed to equal employment opportunity and values diversity. We strive to attract, develop, and retain a diverse workforce and foster an inclusive workplace. We ensure fair recruitment, retention, promotion, and compensation practices without discrimination based on race, ethnicity, gender, age, disability, or other protected characteristics.

We prioritize removing barriers to equal access to employment. HR representatives will collaborate with candidates requesting reasonable accommodations during recruitment. All information related to accommodations will be handled in accordance with applicable laws and policies. To request accommodations, contact [e-mail].

Main Region: Toronto, Ontario

Work Mode: Hybrid

Salary Range: CAD 105,750 - CAD 190,350

If applying outside the main region, contact [e-mail] for regional salary details. Salaries vary based on market conditions, location, and individual factors such as skills and experience. Employees are eligible for motivational programs and performance-based incentives.

Manulife offers comprehensive benefits, including health, dental, mental health, vision, short/long-term disability, life insurance, adoption and maternity leave, medical care, and retirement plans. We also provide financial education resources and paid time off, including holidays and personal days. For U.S. applicants, contact [e-mail] for U.S.-specific leave policies.