Senior Manager - Model Validation

S.I. Systems Ltd.; Toronto; Vor Ort; CAD 90.000 - 150.000; Vollzeit

Zusammenfassung

S.I. Systems Ltd. is seeking a seasoned quantitative validator to lead validations across AML, treasury, and credit risk. You will assess transaction monitoring, customer risk ratings, and enterprise-wide stress testing, while ensuring independence and clear communication of findings.

The role requires strong Python skills, experience with ICAAP and IFRS 9, and the ability to mentor junior validators. Collaboration with directors and executives is expected.

Qualifikationen

• Experience validating or developing AML models.
• Treasury and stress testing experience (ICAAP, enterprise-wide stress testing, IRRBB, liquidity).
• Working knowledge of OSFI's Capital Adequacy Requirements (CAR), ICAAP expectations, and IFRS 9.

Aufgaben

• Lead validations across AML, treasury, and credit risk, including transaction monitoring, customer risk rating, ICAAP and enterprise-wide stress testing, interest rate risk, liquidity, IFRS 9, and AIRB.
• Set the validation strategy and plan for each review.
• Challenge model methodology, assumptions, data, and implementation, and separate material issues from minor ones.
• Run and review outcome, sensitivity, scenario, and benchmark testing, mainly in Python.
• Write validation reports and present findings to developers, business owners, and senior management.
• Act as a trusted advisor to model owners while keeping validation independent.
• Support governance work such as regulatory self-assessments, annual attestations, and risk reporting.
• Over time, mentor and supervise junior validators.

Kenntnisse

Python

MATLAB

AML modelling

OSFI CAR IFRS9 knowledge

Quantitative modelling

Strong communication

Ausbildung

Master's in a quantitative field

PhD asset

Tools

None

Jobbeschreibung

• Lead validations across AML, treasury, and credit risk, including transaction monitoring, customer risk rating, ICAAP and enterprise-wide stress testing, interest rate risk, liquidity, IFRS 9, and AIRB.
• Set the validation strategy and plan for each review.
• Challenge model methodology, assumptions, data, and implementation, and separate material issues from minor ones.
• Run and review outcome, sensitivity, scenario, and benchmark testing, mainly in Python.
• Write validation reports and present findings to developers, business owners, and senior management.
• Act as a trusted advisor to model owners while keeping validation independent.
• Support governance work such as regulatory self-assessments, annual attestations, and risk reporting.
• Over time, mentor and supervise junior validators.

What you bring

• Experience validating or developing AML models. This is the top priority for the team.
• Treasury and stress testing experience (ICAAP, enterprise-wide stress testing, IRRBB, liquidity). Credit risk experience is also valued.
• Working knowledge of OSFI's Capital Adequacy Requirements (CAR), ICAAP expectations, and IFRS 9.
• A Master's in a quantitative field. A mathematics or mathematical finance background is strongly preferred. A PhD is an asset.
• Model development experience before or alongside validation.
• Strong Python skills. MATLAB is a plus.
• Insurance modelling experience is an asset.
• Excellent communication, with a track record of explaining complex findings to non-technical audiences.

Two rounds: a technical interview with a director, then a conversation with the VP, Model Risk Management.

What you'll do

• Lead validations across AML, treasury, and credit risk, including transaction monitoring, customer risk rating, ICAAP and enterprise-wide stress testing, interest rate risk, liquidity, IFRS 9, and AIRB.
• Set the validation strategy and plan for each review.
• Challenge model methodology, assumptions, data, and implementation, and separate material issues from minor ones.
• Run and review outcome, sensitivity, scenario, and benchmark testing, mainly in Python.
• Write validation reports and present findings to developers, business owners, and senior management.
• Act as a trusted advisor to model owners while keeping validation independent.
• Support governance work such as regulatory self-assessments, annual attestations, and risk reporting.
• Over time, mentor and supervise junior validators.

What you bring

• 5+ years in quantitative modelling or model validation in financial services (7 preferred).
• Experience validating or developing AML models. This is the top priority for the team.
• Treasury and stress testing experience (ICAAP, enterprise-wide stress testing, IRRBB, liquidity). Credit risk experience is also valued.
• Working knowledge of OSFI's Capital Adequacy Requirements (CAR), ICAAP expectations, and IFRS 9.
• A Master's in a quantitative field. A mathematics or mathematical finance background is strongly preferred. A PhD is an asset.
• Model development experience before or alongside validation.
• Strong Python skills. MATLAB is a plus.
• Insurance modelling experience is an asset.
• Excellent communication, with a track record of explaining complex findings to non-technical audiences.

Interview process

Two rounds: a technical interview with a director, then a conversation with the VP, Model Risk Management.