Credit Risk Model Validation Manager

BMO Financial Group seeks a Manager for Credit Risk Model Validation to enhance risk management and governance. This pivotal role involves validating credit risk models, including IFRS 9/CECL and Stress Testing while guiding strategic project initiatives.

As a critical member of BMO's Model Risk Management Team, you will play an important role in the assessment and validation of models and methodologies. You will engage stakeholders effectively, applying your expertise in model performance monitoring and addressing regulatory requirements. This individual contributor role emphasizes strong analytical skills and effective communication.

Key Responsibilities:

• Validate credit risk models and estimation techniques

• Engage with model developers, owners, and users

• Embrace innovative tools and technology for change

• Assess regulatory impacts on validation frameworks

• Identify and document model risks and required corrections

Requirements:

• MSc or PhD in quantitative fields

• Minimum 4 years in financial model validation

• Experience with credit risk and related models

• Proficiency in Python, R, or SAS

• Knowledge of SQL or relational databases

Contribute to the advancement of BMO’s model validation strategies and ensure risk management effectiveness.