Model Risk Management Manager leading model validation, governance and risk oversight at Export Development Canada. Advising senior stakeholders across financial and advanced analytics models.
Responsibilities
Lead, coach and develop a team of model risk professionals
Plan and oversee independent, risk-based model validations and reviews across credit risk, financial risk, forecasting, pricing, valuation, capital, stress testing and advanced analytics
Assess model design, conceptual soundness, data quality, implementation, performance, limitations, controls and ongoing monitoring
Communicate clear conclusions and recommendations
Provide effective challenge to model developers, owners and users
Oversee identification, escalation and timely remediation of model findings and risk acceptances
Maintain and enhance model risk policies, standards, procedures, inventory, risk-rating methodologies and management reporting
Monitor the model risk profile and prepare reporting and recommendations for senior management and governance committees
Advise stakeholders on model lifecycle requirements, new model use cases, third-party models, artificial intelligence and machine-learning risks, and governance approaches
Build relationships across business and control functions
Support regulatory examinations, internal audits and assurance activities related to model risk
Promote continuous improvement through methods, tools, data, automation and knowledge sharing while preserving model risk function independence
Requirements
Undergraduate degree in a quantitative discipline such as statistics, mathematics, economics, finance, actuarial science, computer science, engineering or a related field, or an equivalent combination of education and experience
At least seven years of progressive experience in model risk management, model validation, model development, quantitative risk management or a closely related function within a financial institution or regulated environment
Experience leading people, complex engagements or a portfolio of concurrent model reviews, with accountability for quality, timelines and stakeholder outcomes
Strong knowledge of model risk governance and the model lifecycle, including model identification, risk rating, validation, approval, implementation, monitoring, change management and decommissioning
Strong quantitative and statistical knowledge
Knowledge of Canadian financial-sector regulatory expectations and industry practices relating to model risk management, including OSFI Guideline E-23
Excellent judgment, critical thinking and written and verbal communication skills
Ability to explain complex technical issues and influence senior stakeholders
Ability to establish constructive relationships while maintaining independence, objectivity and effective challenge
Bilingual in English and French at the proficiency level required for an EDC leader role
Candidates must be able to work legally in Canada at the time of application, preferably Canadian Citizens or Permanent Residents
Candidates must meet requisite government security screening requirements
Benefits
Performance-based incentive
Competitive compensation and benefits package
3 to 4 weeks paid vacation
Corporate closure period
Summer early Fridays
No-meeting Fridays
Hybrid work options
Continuous learning opportunities, including training programs and workshops
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