Model Validation Manager - Global Risk (1-Year Contract)

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a highly motivated Manager of Model Validation for a 1-year contract. The successful candidate will support the credit model validation team, analyzing and mitigating modeling risks while providing expertise on model strengths and weaknesses. A MSc or PhD in quantitative fields and 2-3 years of relevant experience, particularly in credit risk, are essential. Proficiency in Python and SQL is highly preferred.

Qualifications

• 2-3 years of relevant experience in model validation and/or development within a financial institution.
• Strong analytical, numerical, research, and problem-solving skills.
• Experience in Stress Testing modeling processes.

Responsibilities

• Support the model validation team to mitigate model risks.
• Discuss validation results with model owners and governance team.
• Validate models assigned by model governance committee.

Skills

Model validation

Stress testing

Python programming

SQL proficiency

Analytical skills

Education

MSc or PhD in quantitative fields

Tools

R

SAS

Job description

A leading financial institution in Toronto is seeking a highly motivated Manager of Model Validation for a 1-year contract. The successful candidate will support the credit model validation team, analyzing and mitigating modeling risks while providing expertise on model strengths and weaknesses. A MSc or PhD in quantitative fields and 2-3 years of relevant experience, particularly in credit risk, are essential. Proficiency in Python and SQL is highly preferred.