Model Validation Advisor

iA Financial Group; Quebec; Hybrid; CAD 57,000 - 125,000; Full time

Job summary

A leading financial services firm in Quebec is seeking a Model Validation Advisor to develop and implement model risk governance frameworks. The role involves reviewing model soundness, ensuring compliance with regulations, and improving model performance. Candidates should have at least 5 years of modeling experience, be fluent in both French and English, and possess strong analytical and communication skills. We offer a competitive benefits package, including a hybrid work environment and professional development opportunities.

Benefits

Flexible group insurance

Competitive pension plan

Stock purchase plan

Vacation and wellness days

Telemedicine

Employee assistance program

Ergonomic furniture program

Performance bonus

Discounts on company products

Qualifications

• 5+ years of relevant experience in advanced modeling.
• Able to quickly learn new platforms.
• Solid understanding of life and P&C insurance products.
• Experience drafting validation reports.

Responsibilities

• Review and validate the conceptual soundness of models.
• Ensure compliance with regulatory and internal requirements.
• Assess model performance and provide improvement recommendations.
• Develop validation tools and contribute to model inventory maintenance.

Skills

Analytical skills

Communication skills

Programming languages

Mathematical software

Spreadsheets

Databases

Understanding of model risk management

Education

University degree in actuarial science, accounting, or related field

Job description

Build the future with us

Are you driven by iA Financial Group’s mission and eager to contribute to the purpose of a company that strives to ensure its clients feel confident and secure about their future? As a Model Validation Advisor, you will play a key role in developing, implementing, and maintaining the company’s model risk governance framework by participating in the independent review and challenge of models deemed critical and important to the Group.

This position is a great opportunity to showcase your skills and fully leverage your potential within a caring and trustworthy organization. Here, people and their development are at the heart of our priorities, fostering an environment conducive to collaboration and innovation.

What you’ll accomplish with us

As a Model Validation Advisor, you will be at the core of our mission. Here are the main responsibilities:

• Review, verify, and validate the conceptual soundness of models, their design tests, and limitations.

• Ensure each model meets business needs, fulfills its purpose, and complies with regulatory and internal requirements.

• Assess model performance and optimal use, identifying possible improvements.

• Develop tools to reproduce and compare model results for validation purposes.

• Monitor market, product, and practice developments to detect new or emerging model risks.

• Draft validation reports including results and recommendations, follow up on remediation plans, and ensure timely closure of recommendations.

• Contribute to maintaining a model inventory, risk assessment, communication of standardized practices, and development of validation procedures.

• Participate in the independent review of ESCAP and TCM reports from various Group entities.

What could accelerate your success in this role

We’re looking for someone who:

• Holds a university degree in actuarial science, accounting, or a related field and has at least 5 years of relevant experience in advanced modeling.

• Is recognized for the ability to quickly learn new platforms and reproduce complex calculations from first principles.

• Stands out for strong analytical, synthesis, and communication skills for complex results, both orally and in writing.

• Demonstrates excellent command of tools: spreadsheets, databases, mathematical software, and programming languages.

• Has a solid understanding of life and P&C insurance products as well as regulatory expectations regarding model risk management.

• Advanced knowledge of French is required as the person will need to communicate with French-speaking collaborators and regularly write documentation in French.

• Advanced knowledge of English is required as the person will need to communicate with English-speaking collaborators and regularly write documentation in English.

Why you’ll love working with us

• A work environment where learning and development merge with a collective pursuit of excellence.

• A healthy, safe, fair, and inclusive environment where potential can be freely expressed and developed,

• The opportunity to work in a hybrid environment, supported by flexibility and access to inspiring and innovative workspaces.

• Competitive benefits: Flexible group insurance, competitive pension plan, stock purchase plan, vacation and wellness/personal development days, telemedicine, employee and family assistance program, ergonomic furniture program, performance bonus, discounts on iA products, and much more!

Apply now and get ahead of your career, where your talent really belongs!

Still unsure about applying?

At iA, we believe in potential and value diverse experiences. If this role inspires you, go ahead and apply – your place might be with us, and we want to get to know you!

*For positions posted in British Columbia:

The typical hiring range for this position is CAD $57,276 to $124,546 per year; the base salary offered may vary depending on knowledge, skills, years of experience, and internal equity related to the position. At iA, we are committed to offering a fair, equitable, and market-based compensation structure. Our market data is updated annually to reflect the most current market conditions.