Final date to receive applications:
02/26/2026Address:
100 King Street WestJob Family Group:
Audit, Risk & ComplianceSeeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Manager, Model Risk, Credit Risk. As a Senior Manager in our second-line governance and control, you will play a pivotal role in overseeing the validation of credit risk models, with particular emphasis on wholesale and retail Stress Testing (CCAR/EWST) models as well as Allowance (IFRS 9 /CECL) models.
Other activities related to the model lifecycle such as model performance monitoring, annual reviews, assessment of overlay quantification are also part of the validation responsibilities. Experience in other credit risk families such as wholesale borrower risk rating models, credit adjudication and account management models, and retail AIRB is also relevant. This dynamic position is a leadership role, requiring the supervision of 5+ people.
Occasionally, you may also need to act as an individual contributor.
Key
Role Responsibilities:
You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. You assess the models’ capabilities, stress points and limitations;
you assess the associated model risk and the controls in place to mitigate identified risks.
Effective communication is crucial in this role. You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
Recommends business priorities, advises on resource requirements, and develops roadmap for strategic execution. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Interprets new regulations and assesses impacts to the program / portfolio validation framework.
You will need to connect the dots between technical issues and business considerations.
What we are looking for:
While qualifications like CFA, FRM, PRM are helpful, they are not mandatory.
Our team values flexibility, collaboration and in-person engagement. This position is located in Toronto and offers flexibility with a hybrid work arrangement where the successful candidate will spend at least 3 days per week on-site and the other days remote.
Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective…
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