Bmo
Manager, Credit Risk Model Validation
Toronto, ON, CAN · Part-time
Sponsorship not specified$76k-$142kDetected 11 hours ago
PythonSQLAWSAzureCloud PlatformsData ScienceStatisticsAccount ManagementForecastingElectrical EngineeringLoad TestingSASResearchCommunicationCollaborationMentoringIFRSActuarial ScienceCFA
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About the role
- Application Deadline: 08/03/2026 Address: 100 King Street West Job Family Group: Audit, Risk & Compliance Seeking a skilled and experienced professional to join our Model Risk Management Team as a Manager, Model Risk, Credit Risk.
- Experience in other credit risk families, such as credit adjudication and account management models, is also relevant.
- 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.
Responsibilities
- You perform the validation of models, other estimation approaches and critical tool calculators and assess the model risk to confirm model appropriateness and capability for a designated portfolio.
- You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters.
- Model Risk Review and Effective Challenge: You perform the validation of models, other estimation approaches and critical tool calculators and assess the model risk to confirm model appropriateness and capability for a designated portfolio.
- Serve as a trusted advisor to business partners, influencing stakeholders and supporting strategic planning and decision-making.
- Lead the development, execution, and enhancement of the model validation framework, methodologies, and validation strategies.
- Independently validate models, assumptions, data, methodologies, benchmarks, and supporting documentation to assess model effectiveness and compliance.
- Lead validation-related initiatives, change management activities, process improvements, and operational programs across the portfolio.
- Develop, monitor, and report on model validation portfolio performance, model inventory, attestations, and governance outcomes.
- Build and maintain strong stakeholder relationships, ensuring alignment, effective communication, and successful delivery of strategic objectives.
- It calls on us to create lasting, positive change for our customers, our communities and our people.
Requirements
- A minimum of 4 years of experience in model validation and/or development within a financial institution, particularly in the credit risk area.
- Experience in credit risk models, including Stress Testing & loss forecasting, AIRB and Adjudication/Account Management.
- Proficiency in working with relational databases - SQL or Oracle.
- As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.
- A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
- Certifications: While qualifications like CFA are helpful, they are not mandatory.
- A can-do attitude and a research, deep-dive mindset.
- 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.
- Salary: $75,900.00 - $141,900.00 Pay Type: Salaried The above represents BMO Financial Group's pay range and type.
- Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure.
- Salaries for part-time roles will be pro-rated based on number of hours regularly worked.
- For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
Nice to have
- Proficiency in a programming language such as Python, R, and SAS (Python is preferred).
- Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
Compensation
- $75,900.00 - $141,900.00 Pay Type: Salaried The above represents BMO Financial Group's pay range and type.
- For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
- BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.
- BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
Benefits
- BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
- To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life.
- By learning from each other's differences, we gain strength through our people and our perspectives.
Company info
- We're proud to be fueling growth and expanding possibilities for individuals, families and businesses.
- More than 12 million customers count on us for personal and commercial banking, wealth management and investment services.
- As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers.
- In Canada, the United States and across the globe, we'll continue to build, invest and transform to drive performance that serves the good that grows.
- Boldly Grow the Good in business and life.
- By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
- We strive to help you make an impact from day one - for yourself and our customers.
- To find out more visit us at https://jobs.bmo.com/ca/en.
- BMO is committed to an inclusive, equitable and accessible workplace.
Equal opportunity
- To request accommodation, please contact your recruiter.
This listing is sourced directly from Bmo's careers page and normalized into a canonical job model.