Director jobs in Canada

Candidate Value Proposition: The successful candidate will have the opportunity to learn capital market valuation and risk models.

• Support Director/Senior Manager to validate derivative pricing models used in capital market and risk management for various purposes
• Provide reports for the summary of findings and opinions to the model approval committee
• Perform model testing and documentation
• Support Director/Senior Manager to validate derivative pricing models used in the capital market and risk management for various purposes including P/L calculation, sensitivity calculation, and limit monitoring, etc.
• Manage the validation projects independently or work in a group; review model documentation; conduct research on new methodology and validation techniques; design and implement validation test plan.
• Provide reports for the summary of findings and opinions to the model approval committee.
• Manage relationships with key contacts as identified for each validation request submission
• Comply with internal policies, procedures, and regulatory requirements where applicable
• Provide support to large-scale projects as required
• Keep abreast of industry and regulatory developments and evolving expectations; develop relationships with counterparts at other financial institutions

• 1) 1 to 2 years experience in quantitative positions such as model development or model validation.
• 2) 2 years experience in Python Programming.
• 3) In-depth knowledge in one or more of the following product types and modeling techniques is preferred: equity derivative, fixed income derivative, commodity derivatives, fx and credit derivatives; local/stochastic volatility modeling, IR curve bootstrapping, etc.
• 4) Strong knowledge in applied math/statistics and numerical methods such as Monte Carlo simulation, Bi-Nomial Tree and numerically solving PDE.

• Industry certification or credentials will be an asset (e.g. CFA, FRM)

• 1) Effective project and time management to efficiently deliver concurrent projects with competing priorities with good quality.
• 2) Ability to supervise as well as independently deliver work assignments efficiently.
• 3) Constructive conflict management ability; ability to collaborate effectively with model owner/sponsor counterparts as well as internal audit and regulators.
• 4) Effective presentation and strong spoken and written communication skills are essential.

Advanced degree in quantitative fields such as Mathematics, Physics, Computer Science, Financial Mathematics, Financial Engineering (Master or above - mandate, Ph.D. Preferred).