Senior Consultant - Credit Risk Model Validation

EY; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Senior Consultant for Credit Risk Model Validation. This role offers the opportunity to leverage your expertise in IFRS 9 ECL and regulatory compliance while working within a dynamic team. You will conduct thorough audits, mentor junior staff, and engage with clients to ensure high-quality deliverables. With competitive compensation and a commitment to professional growth, this position is perfect for motivated problem-solvers eager to make an impact in financial services. Join a culture that values diversity and fosters personal and professional development.

Benefits

Competitive compensation

Comprehensive benefits

Professional development opportunities

Supportive inclusive culture

Qualifications

• 2-3 years of relevant experience in Model Validation or Risk Management.
• Experience in team-based projects and managing teams.

Responsibilities

• Conduct audit/assurance reviews of regulatory and economic capital models.
• Collaborate with team members and communicate progress to stakeholders.

Skills

Attention to detail

Critical thinking

Effective communication

Documentation skills

Soft skills

Education

Master’s degree in a quantitative field

Tools

R

Python

SQL

Job description

Join to apply for the Senior Consultant - Credit Risk Model Validation role at EY

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. We’re counting on your unique voice and perspective to help EY become even better. Join us and build an exceptional experience for yourself and a better working world for all.

The opportunity

As part of the Financial Services Risk Management (FSRM) practice, you will support our Assurance Service Line by providing expert opinion on client IFRS 9 ECL, regulatory and economic capital, liquidity, and other related models.

Your Key Responsibilities

Conduct audit/assurance reviews of IFRS 9 ECL, regulatory and economic capital, liquidity, and other related models. Collaborate effectively with team members, communicate progress to engagement managers, senior managers, directors, and partners, and build relationships with clients and internal stakeholders. Serve as a role model to junior team members, ensuring quality and risk management compliance, and help develop their skills.

Skills and attributes for success

• Attention to detail in reviewing documentation and reports
• Critical thinking to evaluate models and identify issues
• Independence in assessing models’ regulatory compliance and suitability
• Effective communication skills
• Strong documentation skills
• Soft skills focused on personal growth, collaboration, and communication

To qualify for the role you must have

• Master’s degree in a quantitative field (e.g., Mathematics, Statistics, Economics, Finance, Engineering)
• 2-3 years of relevant experience in a Big 4 or banking environment in Model Validation, Risk Management, or Audit
• Experience in team-based projects, managing teams, and delivering results in fast-paced environments
• Proficiency in R, Python, or SQL
• Excellent analytical and communication skills
• Management and stakeholder engagement experience
• Ability to contribute to business development

Ideally, you’ll also have

• Professional certifications like FRM, CFA, or Actuarial Designation
• Knowledge of credit risk, regulatory capital requirements, and financial reporting standards
• Experience with credit risk models and methodologies

What We Look For

Highly motivated problem-solvers with strong leadership and communication skills, eager to take on responsibilities and drive impact in a dynamic environment.

What We Offer

Competitive compensation, comprehensive benefits, professional development opportunities, and a supportive, inclusive culture committed to diversity and equity.

Diversity and Inclusion at EY

We value and embrace diversity, fostering an inclusive environment where everyone can thrive and contribute authentically.