Senior Director Treasury Models Validation

National Bank of Canada; Montreal (administrative region); Hybrid; CAD 180,000 - 240,000; Full time

Benefits offered by this job

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee assistance program

Telemedicine service

Virtual sleep clinic

Job summary

National Bank of Canada in Montreal seeks a Senior Director to lead Treasury models validation within Model Risk Management. You will guide independent validation of Treasury models, ensuring reliability and alignment with regulatory expectations.

You will define validation strategy, oversee testing like benchmarking and stress tests, and coach validators to maintain high standards while promoting governance and risk-awareness. A hybrid work setup and ongoing development are offered.

Qualifications

• Hold at least a bachelor’s degree and six to ten years of relevant experience in model validation, model risk management, or a similar function.
• Demonstrate experience with Treasury models and balance sheet risk analytics, including IRRBB and liquidity risk.
• Show strong expertise in validation methodologies such as benchmarking, sensitivity analysis, and stress testing.
• Have hands-on experience with data and analytics tools such as Python, R, or SQL, and the ability to review model implementation and outputs.
• Possess in-depth knowledge of model risk management frameworks, including lifecycle governance, documentation, and monitoring.

Responsibilities

• Define and implement the Treasury model validation strategy, including priorities, governance, and risk-based planning
• Lead, coach, and develop a team of validators by setting clear expectations, building capabilities, and ensuring consistent quality standards
• Validate and challenge IRRBB and liquidity risk models to assess their conceptual soundness, data quality, assumptions, and overall fitness for purpose
• Oversee the design and execution of validation testing, including benchmarking, sensitivity analysis, and stress testing
• Manage model-related issues by defining remediation actions, tracking progress, and ensuring effective resolution through independent verification
• Improve validation frameworks, tools, and processes to enhance efficiency, transparency, and quality of model oversight

Skills

Data-driven decision-making

Critical thinking

Strategic vision

Decision making

Risk management

Leadership

Collaboration

Innovative thinking

Learning agility

Mobilization

Managerial courage

Partnership development

Diversity & inclusion

Resilience

Governance & oversight

Education

Bachelor’s degree

Tools

Python

R

SQL

Job description

A career as
a Senior Director Treasury Models Validation in the Model Risk Management team
at National Bank means acting as a leader in the independent validation of
Treasury models. This role allows you to have a positive impact on our
organization thanks to your expertise in model validation, risk analytics, and
governance frameworks. You play a key role in ensuring that models used to
manage balance sheet risks are reliable, robust, and aligned with
organizational and regulatory expectations.

Your role

• Define and implement the Treasury
  model validation strategy, including priorities, governance, and risk-based
  planning
• Lead, coach, and develop a team of
  validators by setting clear expectations, building capabilities, and ensuring
  consistent quality standards
• Validate and challenge IRRBB and
  liquidity risk models to assess their conceptual soundness, data quality,
  assumptions, and overall fitness for purpose
• Oversee the design and execution of
  validation testing, including benchmarking, sensitivity analysis, and stress
  testing
• Manage model-related issues by
  defining remediation actions, tracking progress, and ensuring effective
  resolution through independent verification
• Improve validation frameworks,
  tools, and processes to enhance efficiency, transparency, and quality of model oversight

Within the
Model Risk Management sector, you are part of a leadership team and report to
the Managing Director, Model Risk Management. Our team stands out for its
strong expertise, collaboration, and commitment to high standards of governance and risk management. We aim to offer you maximum flexibility to promote your quality of life, including a hybrid work environment and a flexible schedule.

The Bank
values continuous development and internal mobility. Our personalized training programs, based on learning through action, allow you to master your role and develop new areas of expertise. Tools such as the Data Academy, language training, the Harvard Learning Center, and coaching and mentoring support are available to you at all times.

Prerequisites

• Hold at least a bachelor’s degree
  and six to ten years of relevant experience in model validation, model risk management, or a similar function
• Demonstrate experience with Treasury models and balance sheet risk analytics, including IRRBB and liquidity risk
• Show strong expertise in validation methodologies such as benchmarking, sensitivity analysis, and stress testing
• Have hands‑on experience with data and analytics tools such as Python, R, or SQL, and the ability to review model implementation and outputs
• Possess in-depth knowledge of model risk management frameworks, including lifecycle governance, documentation, and monitoring

Languages: French, English

Reason to require this language: you will need to discuss frequently with our service providers or partners who speak a language other than French.

Required skills: Business Alignment, Critical Thinking, Data-Driven Decision-Making, Decision Making, Diversity & Inclusion, Emotional Intelligence, Innovation Management, Learning Agility, Managerial Courage, Mobilization, Partner Development, Resiliency, Risk Management, Strategic Vision, Strategy Execution

Your benefits

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• Health and wellness program, including many options
• Flexible group insurance
• Generous pension plan
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement in community initiatives
• Telemedicine service
• Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.

Making a bold move in a people-first environment

We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier‑free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates!

What can you bring to our team?

Join us!