Change Management jobs in Canada

Application Deadline: 11/13/2025

Address: 100 King Street West

Job Family Group: Audit, Risk & Compliance

Seeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Manager, Model Risk, Credit Risk. In this second‑line governance and control role you will play a pivotal part in overseeing the validation of credit risk models, with a strong emphasis on wholesale and retail stress‑testing models (CCAR/EWST) and allowance models (IFRS 9/CECL). You will also be responsible for model performance monitoring, annual reviews and assessment of overlay quantification. Leadership of a team of five or more people is required, with the ability to act as an individual contributor when needed.

• Validate credit risk models and assess model risk to confirm appropriateness and capability for a designated portfolio, providing effective challenge and clear communication to business users.
• Engage stakeholders, managing relationships with model developers, owners and users while translating complex technical concepts into everyday language.
• Provide project and change management oversight, recommending business priorities, advising on resources and leading the execution of strategic initiatives.
• Act as a subject matter expert on relevant regulations and policies, interpreting new regulations and assessing impacts to the validation framework.
• Integrate risk understanding, connecting technical issues with business considerations to mitigate risks.
• Facilitate culture, diversity, and inclusion aligned to BMO purpose, values and strategy.

• MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
• Minimum of 7 years of experience in model development and/or validation within a financial institution, particularly in credit risk.
• Certifications such as CFA, FRM, PRM are beneficial but not mandatory.
• Experience with credit risk models including stress testing, loss forecasting, AIRB, and adjudication/account management.
• Proficiency in Python (preferred), R, and SAS; experience with SQL or Oracle relational databases.
• Knowledge of big‑data tools and cloud platforms (AWS or Azure) is a plus.
• Can‑do attitude, deep‑dive mindset and strong analytical and communication skills.

The position is located in Toronto and offers a hybrid work arrangement: at least three days per week on site and the remainder remote.

Salary: $94,600.00 - $176,000.00

Pay Type: Salaried

BMO offers health insurance, tuition reimbursement, accident and life insurance, retirement savings plans and performance‑based incentives. View more details at BMO Total Rewards.

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. We create lasting, positive change for our customers, communities and people. We value diversity, inclusive opportunities and development of talent across the organization.

Accommodations are available on request for candidates participating in all aspects of the selection process.