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About the role

  • 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
  • Language training
  • Wellness initiatives
  • Mental health support
  • Fitness programs
  • Volunteer opportunities
  • Social responsibility programs
  • Relocation assistance for eligible candidates

Job title

Job type

Full Time

Experience level

SeniorLead

Salary

CA$112,006 - CA$149,341 per year

Degree requirement

Bachelor's Degree

Location requirements

HybridOttawaCanada

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