Hybrid Market Risk Model Validation Advisor

National Bank of Canada; Montreal (administrative region); Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Health & wellness

Group insurance

Pension plan

Employee and Family Assistance Program

Preferential banking

Community involvement

Telemedicine

Sleep clinic

Job summary

National Bank of Canada seeks a Risk Model Validation Advisor to join its market risk Model Validation team. You will validate market, counterparty and economic capital models, analyze risk metrics, and produce actionable validation reports to influence limits and usage of models.

You will collaborate with stakeholders across risk and governance functions, contributing to model inventory management and governance. A hybrid work environment supports flexibility and professional growth.

Qualifications

• Diploma in a relevant field (finance, mathematics, financial engineering or related) and ~5 years of experience.
• Experience in risk management or model validation.
• Knowledge of financial products and derivatives.
• Proficiency with quantitative and programming tools (Python, MATLAB or equivalent).
• Familiarity with Basel, FRTB or Guideline E23 (asset) regulatory frameworks.

Responsibilities

• Validate market, counterparty and economic capital risk models by analysing risk metrics (var, SVAR) and profits and losses.
• Produce clear validation reports and make recommendations on limits and use of models.
• Develop and improve model risk quantification tools to support the sector's activities.
• Contribute to model governance, including managing and developing the model inventory.
• Analyse model risks based on best practises, financial literature and regulatory requirements.
• Collaborate with stakeholders and support managers in projects related to risk validation and management.

Skills

AI

Cybersecurity

Detail-oriented

Diversity & Inclusion

Empathy

Initiative

Learning Agility

MATLAB

Model Validation

Python

Resiliency

Risk Management

Self-Sufficiency

Teamwork

Education

Diploma in finance/math/financial engineering

Tools

Python

MATLAB

Job description

National Bank of Canada seeks a Risk Model Validation Advisor to join its market risk Model Validation team. You will validate market, counterparty and economic capital models, analyze risk metrics, and produce actionable validation reports to influence limits and usage of models.

You will collaborate with stakeholders across risk and governance functions, contributing to model inventory management and governance. A hybrid work environment supports flexibility and professional growth.