Director of Model Risk and Validation

Join BMO as the Director of Model Risk and Validation, focusing on equity derivatives. Drive model appropriateness and capabilities through diligent validation practices.

In this significant role, you will lead efforts across complex equity volatility regimes while designing validation strategies. You will validate models to mitigate associated risks, mentor junior quants, and collaborate with trading desks to improve risk metrics and trade ideation. The position demands a thorough understanding of regulatory compliance in a derivatives framework.

Key Responsibilities:

• Develop plans for effective model validation

• Analyze and validate models against standards and guidelines

• Collaborate with trading desks to support analytics

• Mentor junior team members for research initiatives

• Ensure models meet compliance and governance frameworks

Requirements:

• Advanced degree (PhD or Master's) in quantitative fields

• 15+ years of experience in equity derivatives validation

• Proficiency in C++ and Python programming

• Strong analytical and problem-solving skills

• Familiarity with model risk governance frameworks

Lead model validation strategies for BMO and strengthen equity derivatives risk management.
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