Manager, Treasury Models Validation

Bank of Montreal; Toronto; On-site; CAD 74,000 - 139,000; Full time

Job summary

A leading financial institution is seeking a model validation specialist to assess and validate Treasury models. The ideal candidate will have extensive experience in risk management, strong knowledge of SAS and Python, and a commitment to regulatory compliance. This role offers significant stakeholder interaction and opportunities for professional growth within a collaborative environment.

Benefits

Health insurance

Tuition reimbursement

Retirement plans

Qualifications

• Typically 5-7 years of relevant experience.
• Deep knowledge of model validation and regulatory requirements.
• Proficiency in SAS, Python, and risk policy frameworks.

Responsibilities

• Perform validation of Treasury models and assess model risk.
• Provide effective challenge during model development.
• Assess model capabilities and ensure controls are in place.

Skills

Model validation

Risk management practices

SAS

Python

QRM knowledge

Education

Post-secondary degree or equivalent

Job description

Application Deadline:

06/01/2025

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

This individual contributor, technically focused role allows you to utilize your creativity. You will be provided with models and minimal direction, enabling you to test and push boundaries creatively.

Our ideal candidate has experience with model validation or development, familiarity with QRM, and knowledge of SAS or Python. You will have significant opportunities to interact with stakeholders involved in model development, Structural Market Risk, and Market Risk Oversight, gaining insight into how the bank manages interest rate exposure.

Responsibilities include:

1. Perform validation of Treasury models (Structural Market Risk and PPNR models) and assess model risk to confirm appropriateness and capability for designated portfolios.
2. Provide effective challenge during model development and communicate decisions regarding model use to ensure transparency and understanding.
3. Assess model capabilities, stress points, limitations, and associated risks; ensure controls are in place to mitigate these risks.

Additional duties involve fostering a culture aligned with BMO's purpose and values, building collaborative teams, attracting and developing top talent, influencing stakeholders, developing strategic plans, conducting independent analyses, supporting strategic initiatives, managing model validation programs, and ensuring compliance with regulatory requirements.

Qualifications include:

• Typically 5-7 years of relevant experience with a post-secondary degree or equivalent.
• Deep knowledge of model validation, risk management practices, and regulatory requirements.
• Proficiency in risk policy frameworks, SAS, Python, and QRM knowledge is an asset.

Salary:

$74,800.00 - $138,600.00

Pay Type:

Salaried

Salaries vary based on location, skills, experience, education, and qualifications. The total compensation may include incentives, bonuses, and other benefits such as health insurance, tuition reimbursement, and retirement plans. For more details, visit Total Rewards.

About Us

At BMO, we are driven by a shared purpose: Boldly Grow the Good in business and life. We aim to create positive change for our customers, communities, and employees through innovation and collaboration.

We value diversity, inclusion, and accessibility, offering accommodations upon request. To learn more about our opportunities and commitments, visit our careers page.