Director, Model Risk Management & Governance

Vancity; Toronto; Hybrid; CAD 141,900 - 183,000; Full time

Benefits offered by this job

Competitive salary

Annual incentive program

Inclusive hiring process

Job summary

A member-owned credit union is seeking a Director of Model Risk Management to lead the establishment of their Model Risk Management function. This full-time role involves designing frameworks for effective risk oversight and ensuring compliance with regulations. The successful candidate will possess strong leadership capabilities, a degree in a relevant field, and extensive experience in model risk management. The position offers competitive compensation and the opportunity to make a meaningful impact on risk governance and financial sustainability.

Qualifications

• 10-15 years of experience in Model Risk Management, or related fields.
• Deep expertise in model lifecycle governance and regulatory expectations.
• Strong analytical and critical-thinking skills.

Responsibilities

• Lead design and implementation of Model Risk Management capability.
• Establish and oversee a comprehensive enterprise model inventory.
• Serve as senior authority on model governance.

Skills

Model Risk Management

Quantitative analysis

Leadership

Regulatory compliance

Communication

Education

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Data Science

Master’s degree (Finance, Financial Engineering, Economics, Data Analytics, MBA)

Professional designation (FRM, PRM, CFA)

Job description

A member-owned credit union is seeking a Director of Model Risk Management to lead the establishment of their Model Risk Management function. This full-time role involves designing frameworks for effective risk oversight and ensuring compliance with regulations. The successful candidate will possess strong leadership capabilities, a degree in a relevant field, and extensive experience in model risk management. The position offers competitive compensation and the opportunity to make a meaningful impact on risk governance and financial sustainability.