Manager, Model Validation

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The Manager, Model Validation performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity and financial risks. As a member of the independent Model Validation Group, the Manager, Model Validation is responsible for validating the soundness of TMX Group subsidiaries’ risk models. He or she provides expertise and advice regarding advanced modelling techniques and applications, and ensures that model methodology and implementation meet regulatory requirements and internal policies.

As a Manager, he or she has the responsibility to manage and monitor the work performed by the senior analysts of the Group and guide them to meet the level of analysis and reporting standards required by the Model Validation Group
** Job Posting  TMX Group
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* Position Title:

Manager, Model Validation Company: TMX Group Limited Department:
Model Validation

Reports to:

Head of Model Validation Employee Status:
Permanent Travel Time:
No

Job Grade / Level: 7
** The Company:
**** TMX Group
** operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, Trayport and Vetta Fi which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore.
** Department Overview:
**** TMX*
* ** Group Model Validation Department
** provides independent, objective validation and an effective challenge of risk models and non-models - primarily, for Post Trade (CDS and CDCC) - subsidiaries of TMX Group. Model Validation is a core element of the Model Risk Management framework and an essential piece to ensure compliance with Regulatory Requirements around independent validation of risk models and non-models.

This function is guided by a philosophy of adding value to improve the operations of the organization. It assists the organization to accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s governance and risk management.
** Role

Summary:

**** The Manager, Model Validation
** performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity and financial risks. As a member of the independent Model Validation Group, the Manager, Model Validation is responsible for validating the soundness of TMX Group subsidiaries’ risk models. He or she provides expertise and advice regarding advanced modelling techniques and applications, and ensures that model methodology and implementation meet regulatory requirements and internal policies.

As a Manager, he or she has the responsibility to manage and monitor the work performed by the senior analysts of the Group and guide them to meet the level of analysis and reporting standards required by the Model Validation Group
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* Key Accountabilities:

*** Validate the…