CCR Model Validation Consultant

Location: Toronto, ON (Hybrid - 3 days/week)

Our client is seeking a CCR Model Validation Consultant to support a Counter party Credit Risk (CCR) Replacement Project within an Enterprise Risk team. This role is responsible for independently validating quantitative risk models, assessing model risk, and ensuring models meet regulatory and governance requirements. You will work closely with business and technical stakeholders to evaluate model performance, assumptions, limitations, and controls while providing recommendations to strengthen model integrity and compliance.

• Validate Counter party Credit Risk (CCR) models and assess model risk.
• Review model assumptions, methodologies, data, documentation, and performance.
• Identify model limitations, recommend improvements, and document validation findings.
• Support regulatory audits, governance activities, and model risk reporting.
• Collaborate with stakeholders to ensure alignment on validation outcomes and remediation plans.
• Contribute to model validation strategies, frameworks, and continuous process improvements.

• Master's or Ph.D. in Mathematics, Statistics, Financial Engineering, or another quantitative discipline.
• 3-5 years of quantitative modeling or model validation experience within the financial services industry.
• Hands-on experience with Market Risk and/or Counter party Credit Risk (CCR) models.
• Strong understanding of model calibration, valuation techniques, and risk factor/pricing models.
• Knowledge of financial industry regulatory requirements.
• Excellent analytical, problem-solving, communication, and stakeholder management skills.

• Python and/or C# development experience.
• Experience with Adaptiv.