Manager, Model Validation

Neobankbeat; Toronto; Hybrid; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and/dis

Employee Share Purchase Plan

Maternity/Parental top-up

Job summary

EQ Bank is seeking a Manager, Model Validation to lead validation activities across credit and treasury risk models, including AIRB and IFRS 9 ECL, under the MRMF framework. You will review methodologies, document issues, and prepare evidence-based conclusions to support risk management and regulatory compliance.

The role involves close collaboration with model risk stakeholders, conducting benchmark analyses, and contributing to governance tasks such as attestations and risk reporting.

Responsibilities

• Execute validation procedures across credit, treasury risk models and related areas.
• Review model methodologies, assumptions, inputs, and performance.
• Prepare validation reports under MRMF and support governance activities.

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!

The Work

The Manager, Model Validation reports to the Director, Model Risk Management and supports the delivery of model validation activities across the Bank. The role executes validation procedures, contributes to validation strategies, and supports the effective management of model risk in accordance with the Bank's Model Risk Management Framework and applicable regulatory requirements. The scope includes models used for credit and treasury risk management, including AIRB and IFRS 9 ECL, interest rate risk, liquidity risk, and stress testing approaches used to support ICAAP.

The role works closely with model risk stakeholders and conducts detailed reviews of model methodologies, assumptions, intended use, limitations, inputs, implementation, and performance. Responsibilities include completing benchmark and outcome analyses, documenting issues and recommendations, drawing evidence-based conclusions, and preparing model validation reports in accordance with the Bank's Model Risk Management Framework (MRMF). The primary focus is the execution of model validation activities, with additional support provided for model governance activities such as regulatory self‑assessments, annual attestations, and risk reporting.

What we offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top‑up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!