About the role

Model Validation Manager validating credit and treasury risk models at EQ Bank, Canada’s challenger bank. Preparing validation reports and supporting model risk governance.

Responsibilities

Report to the Director, Model Risk Management and support model validation activities across the Bank.
Execute validation procedures and contribute to validation strategies and plans.
Validate models used for credit and treasury risk management, including AIRB, IFRS 9 ECL, interest rate risk, liquidity risk, and ICAAP stress testing.
Review model methodologies, assumptions, intended use, limitations, inputs, implementation, and performance.
Conduct benchmark, outcome, sensitivity, scenario, stress-testing, implementation, and user acceptance analyses.
Prepare model validation reports, document issues and recommendations, define model limitations and effective use ranges, and assess model risk.
Communicate model risk issues and independent recommendations to stakeholders.
Support model governance through metadata tracking, annual attestations, regulatory self-assessments, risk reporting, and related activities.
Maintain knowledge of industry trends, regulatory expectations, and model risk management practices.
Provide independent feedback to model developers and risk management groups while maintaining validation independence.
Build stakeholder relationships, provide practical guidance, share knowledge, and escalate complex issues to the Director.

A Master’s degree or higher in Mathematics, Mathematical Finance, Statistics, Physics, Engineering, Economics, or an equivalent quantitative discipline.
Minimum of 3 years of experience in quantitative modeling and/or model validation within the financial industry.
Experience within financial services or another highly regulated environment strongly preferred.
Strong understanding of model risk management and governance.
Strong understanding of risk management principles and practices.
Strong experience with programming languages, which may include Python, R, SAS, C++, C#, Java, and MATLAB.
Excellent analytical and problem-solving capabilities.
Excellent project management, time management, and organizational skills.
Excellent technical documentation and report-writing skills.
Excellent communication skills.
All candidates considered for hire must successfully complete a criminal background check and credit check.

Competitive discretionary bonus
Market leading RRSP match program
Medical, dental, vision, life, and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
Opportunity to join a leading FinTech and help create a new kind of banking experience