Department / Branch: Risk Management Department

Reports To: Deputy Chief Risk Officer

Employment Type: Full-Time Permanent / Contract

Location: Downtown Head Office

Responsibilities:

1. Model Risk Management Governance

• Develop model risk management policies and procedures, maintain model risk inventory, monitor model risk life cycle, model risk rating and model risk reporting
• Develop robust model risk management processes to identify and mitigate model risks
• Ensure timely and accurate model risk assessment and address OSFI model risk requirement

2. Model Validation and Model Risk Oversight

• Conduct model validations to key models such as AML model and credit risk ECL models
• Ensure model risk and key assumptions used in the models are managed within the Bank's established framework
• Ensure models used are accurate, reliable, and compliant with model risk management regulations
• Direct and manage model validation and model risk management activities following model life cycle

3. Financial Risk Back-Up

• Back up for LCR, Capital and IRRBB monitoring and reporting, including the review of financial risk models of liquidity risk, market risk and IRRBB.

4. General Accountabilities

• Demonstrate and adhere to the values of the Bank in all activities, adherence to the Bank's Code of Conduct and Ethics
• Communicate model risk management strategies, policies and practices to relevant parties
• Cultivate effective, synergistic relationships with other functions while maintaining the required independence
• To comply with all applicable policies, manual and procedures related to compliance, including but not limited to regulatory requirements of OSFI, FINTRAC, CDIC

Qualifications:

• University education background in Business, Accounting, Statistics, Finance, and Financial Engineering is preferred;
• Minimum 5 years of experience in financial industry with focus on model risk management;
• Good understanding of risk management concepts and regulatory requirements;
• Proficient with Excel or other programming, Machine Learning and data analytical tools is required;
• Good knowledge of financial market products;
• Excellent written and interpersonal communication skills;
• High level attention to details and ability to work under pressure in a fast-paced environment.