Lead Credit Risk Model Validator

BMO Harris Bank; Chicago (IL); On-site; USD 75,000 - 160,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking a seasoned Model Validation professional to validate and challenge risk models, ensuring transparency and regulatory alignment. The role requires collaboration with diverse stakeholders and development of validation strategies across portfolios.

Key responsibilities include independent testing, risk assessment, and communication of findings to business units and regulators. The position emphasizes adherence to governance and change management processes within a

Qualifications

• Typically 5–7 years of relevant experience and a post-secondary degree or equivalent combination of education and experience.
• In-depth knowledge of model validation and model risk management practices.
• In-depth knowledge of regulatory requirements and risk policy frameworks.

Responsibilities

• Fosters a culture aligned to corporate purpose and values.
• Leads or participates in change management for model vetting and validation.
• Independently validates/tests models; assesses data and replication with developer results.
• Represents the model validation program for internal/external audits and examinations.
• Provides technical guidance on implementation of the model vetting framework.
• Develops validation strategies and plans for appropriate model vetting.

Skills

Model validation

Model risk management

Regulatory requirements

Communication skills

Collaboration

Analytical thinking

Problem solving

Education

MBA

Bachelor's degree in related field

Job description

BMO Financial Group is seeking a seasoned Model Validation professional to validate and challenge risk models, ensuring transparency and regulatory alignment. The role requires collaboration with diverse stakeholders and development of validation strategies across portfolios.

Key responsibilities include independent testing, risk assessment, and communication of findings to business units and regulators. The position emphasizes adherence to governance and change management processes within a