Senior Specialist Model Validation

BMO Financial Group; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

BMO Financial Group is seeking a Senior Specialist in Model Validation to join their Market Risk Validation team. This pivotal role involves leading CCR and Market Risk model validation, ensuring compliance with regulatory standards, and engaging stakeholders. The position requires a strong quantitative finance background, excellent communication skills, and a Master's degree in a quantitative discipline. This is a hybrid role with in-office collaboration on specific days.

Qualifications

• 5-7 years of experience in quantitative finance.
• Strong foundation in market risk and prior CCR model exposure.

Responsibilities

• Lead validation of CCR and Market Risk models.
• Deliver high-quality model validation reports.
• Engage cross-functional stakeholders on model performance.

Skills

Quantitative Finance

Market Risk

Model Validation

Communication

Education

Master’s Degree in Quantitative Discipline

Job description

Are you a quantitative finance professional with a passion for market risk and model validation? BMO is seeking a Senior Specialist, Model Validation to join our dynamic Market Risk Validation team under the leadership of Jian, Senior Manager, Market Risk Validation.

This is a pivotal role at the forefront of the Counterparty Credit Risk (CCR) replacement project, offering a unique opportunity to contribute directly to this high-impact initiative.

What You’ll Do:

1. Lead the validation of CCR and Market Risk models, ensuring they meet regulatory and internal standards.
2. Maintain model risk controls by supporting business-as-usual activities, ensuring the bank remains compliant and resilient.
3. Deliver high-quality model validation reports, aligned with internal templates and Model Risk Management guidelines.
4. Engage cross-functional stakeholders, offering clarity and insight into model performance, methodology, and outcomes.

Who You Are:

• You bring 5-7 years of experience in quantitative finance, with a strong foundation in market risk. Prior CCR model exposure is highly preferred.
• You hold a Master’s degree in a quantitative discipline (e.g., Financial Engineering, Mathematics, Statistics, or related fields).
• You’re a clear communicator, both in writing and verbally, able to translate complex technical concepts into accessible language for non-technical stakeholders.
• You’re a self-starter with the independence to manage projects, but you also thrive in team environments and collaborative settings.
• You are meticulous, analytical, and quality-driven, with a strong sense of ownership over your work.
• A strong quant background is essential.

This is a hybrid role with in-office collaboration on Wednesdays and Thursdays.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs