Senior Capital Markets Model Risk Leader

ATB; Toronto; Hybrid; CAD 124,000 - 152,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

ATB is seeking a Senior Model Risk Manager to lead independent validation of high‑complexity capital markets models. You’ll ensure models are sound, properly implemented, and fit for use, collaborating with risk stakeholders and regulators.

You will apply advanced quantitative techniques, monitor model performance, and prepare clear, actionable validation reports for senior leadership. This hybrid role requires strong communication and a proactive risk mindset.

Qualifications

• Ph.D. or Master’s degree in a quantitative discipline (e.g., mathematics, statistics, economics, financial engineering, physics, engineering, finance, operations research or data science) or equivalent experience.
• 5-7 years relevant experience, with a strong preference for direct experience in capital markets/market risk model validation or development.
• Strong programming skills in mathematical/statistical and database tools, particularly Python, Big Query, SQL, and Excel/VBA.
• Working experience with specialized capital markets risk systems (e.g., Murex, QRM, or Calypso).
• Experience with Google Cloud platform is an asset.
• Expertise in stochastic calculus, numerical methods, Monte Carlo simulations, and statistical analysis and time-series analysis.
• Strong understanding of capital market and market risk modelling techniques and model risk concepts; ability to discover and diagnose risks related to data, assumptions, methodology, process, calibration and implementation.
• Deep familiarity with financial instruments, market structures, and risk management frameworks.
• Ability to independently plan and deliver validation work and manage multiple validations in parallel.
• Excellent verbal and written communication skills, and interpersonal skills; able to communicate complex mathematical concepts clearly.
• Strong analytical and problem-solving skills; identify issues and understand root causes of model deficiencies.
• Ability to manage multiple priorities with sound judgment and accountability.
• Must maintain high accuracy and confidentiality.
• Professional, friendly, courteous, respectful and highly motivated personality.
• CFA designation (or progress toward it) is considered a strong asset.

Responsibilities

• Lead end-to-end independent model validations of complex capital markets models, including derivative pricing models, market risk models, CCR/CVA, and algorithmic trading strategies.
• Perform in-depth technical reviews of model methodology, data inputs, limitations, calibration, governance, and outcomes; design and execute quantitative tests and provide peer review.
• Review periodic model performance monitoring reports and conduct model re-validation to ensure appropriate performance while in use.
• Write clear validation reports articulating findings, risks, and recommendations for technical and senior stakeholders; assess materiality and plan remediation and monitoring.
• Ensure validation activities and evidence comply with internal policies and regulatory expectations; maintain organized files and traceability.
• Partner with model owners, developers, users and risk stakeholders to understand design and usage; provide independent challenge and track remediation.
• Represent the validation portfolio during internal audits and OSFI examinations with analysis and documentation.
• Contribute to continuous improvement of the risk framework, templates, and techniques; mentor junior team members.

Skills

Python

BigQuery

SQL

Excel/VBA

Stochastic calculus

Monte Carlo simulations

Time-series analysis

Capital markets knowledge

CFA designation (asset)

Education

Ph.D. or Master’s degree in a quantitative discipline

Tools

Murex

QRM

Calypso

Google Cloud

Job description

ATB is seeking a Senior Model Risk Manager to lead independent validation of high‑complexity capital markets models. You’ll ensure models are sound, properly implemented, and fit for use, collaborating with risk stakeholders and regulators.

You will apply advanced quantitative techniques, monitor model performance, and prepare clear, actionable validation reports for senior leadership. This hybrid role requires strong communication and a proactive risk mindset.