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Credit Risk Model Validation Jobs in Ontario (NOW HIRING)

Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation. * Serve in an advisory capacity and, in accordance with the ...

Counterparty Credit Risk Model Development team * Risk Oversight and Market Risk Stress Testing ... A recruiting agency must first have a valid, written and fully executed agency agreement contract ...

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Credit Risk Model Validation information

See Ontario salary details

$23K

$110.4K

$199K

How much do credit risk model validation jobs pay per year?

As of Jul 6, 2026, the average yearly pay for credit risk model validation in Ontario is $110,417.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $143,000.00 per year, depending on experience, location, and employer.

What is credit risk model validation?

Credit risk model validation is the process of ensuring that models used to assess the creditworthiness of borrowers are accurate, reliable, and compliant with regulatory standards. This involves independent review and testing of the model's design, data, assumptions, and performance. The goal is to identify any weaknesses or limitations that could affect the model's ability to predict credit risk, reduce financial losses, and maintain regulatory compliance. Model validation is typically performed by specialists who are not involved in the model's development to ensure objectivity.

What are the key skills and qualifications needed to thrive in Credit Risk Model Validation, and why are they important?

To thrive in Credit Risk Model Validation, you need a strong background in quantitative finance, statistics, and risk management, usually supported by a relevant degree such as in mathematics, finance, or engineering. Familiarity with statistical programming languages (such as Python, R, or SAS), model validation frameworks, and regulatory guidelines like Basel accords is crucial. Attention to detail, critical thinking, and clear communication skills help you effectively analyze models and convey complex findings to stakeholders. These competencies are vital for ensuring accurate risk assessment, regulatory compliance, and the robustness of financial institutions' credit risk models.

What is the difference between Credit Risk Model Validation vs Credit Risk Analyst?

AspectCredit Risk Model ValidationCredit Risk Analyst
Primary FocusAssessing and validating the accuracy of credit risk modelsAnalyzing credit data to assess borrower risk and support lending decisions
Skills & CertificationsStatistical, quantitative skills; certifications like FRM or CFA often preferredFinancial analysis skills; relevant certifications like CFA or credit-specific training
Work EnvironmentQuantitative teams within risk management or model validation unitsCredit departments, lending teams, or risk management units

While both roles involve credit risk, Credit Risk Model Validation focuses on testing and validating models' accuracy, whereas Credit Risk Analysts evaluate individual creditworthiness to inform lending decisions. The validation role is more technical and model-focused, while analysts work directly with credit data and client assessments.

What are some common challenges faced by professionals in Credit Risk Model Validation roles?

Professionals in Credit Risk Model Validation often encounter challenges such as staying up-to-date with evolving regulatory requirements and ensuring models remain compliant. They must also navigate the complexities of validating models that use advanced statistical techniques or machine learning, which requires both technical expertise and a thorough understanding of the underlying business context. Additionally, clear communication with stakeholders—like model developers, auditors, and risk managers—is essential to address findings and recommend improvements effectively. Managing tight deadlines and balancing multiple validation projects simultaneously can also be demanding.
What are popular job titles related to Credit Risk Model Validation jobs in Ontario? For Credit Risk Model Validation jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Credit Risk Model Validation jobs in Ontario look for? The top searched job categories for Credit Risk Model Validation jobs in Ontario are:

Full-time

Retirement, PTO

Posted 25 days ago


Job description

Job Description

Job Title

Credit Risk Officer

Build the future with us

Are you driven by contributing to sound financial decision-making and eager to contribute to the purpose of a company that aims to help its clients feel confident and secure about their future? As a Credit Risk Officer, you will play a key role in ensuring integrated and continuous risk management by using structured and consistent processes to identify, assess, manage, and control risks and their impact on business activities and results.

This position is a great opportunity to showcase your skills and fully realize your potential within a caring and trustworthy company. Here, people and their development are at the heart of our priorities, fostering an environment that encourages collaboration and innovation.

What you'll accomplish with us
As a Credit Risk Officer, you'll be at the core of our mission. Here are the main responsibilities:

  • Coordinate the work required by the Group Risk Management and Compliance team, with sales, pricing, modeling, and other functions within the sector, and successfully implement new initiatives developed by the team.

  • Elaborate and produce regular reporting of key risk indicators to Group Risk Management and Compliance and other instances and provide a comprehensive and holistic view of risk across the sector to support decision-making.

  • Provide the effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9 with the Modeling Director and other functions in IAAF and aligned with the Group Risk Management and Compliance.

  • Conducting risk assessments, including financial analysis, industry research, and market trends, to identify emerging risks and opportunities within the credit lifecycle process (eg: Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation.

  • Serve in an advisory capacity and, in accordance with the accountability and monitoring protocols agreed upon with Group Risk Management and Compliance for the IAAF Management Team activities.

  • Participate in executive committee meetings and sector governance meetings, to obtain and communicate the information required to fulfil their role and responsibilities within the sector.

What could accelerate your success in this role
We're looking for someone who:

  • Is known for their knowledge of legal procedures and hands-on experience working with credit collection agencies.

  • Demonstrates strong knowledge of the Canadian financial services' regulatory environment, including the three lines of defense model

  • Is recognized for their excellent analytical skills.

  • Has a minimum of 10 years of experience in finance, including 7 years in a credit risk management position.

  • Hold a bachelor's degree in a related field such as finance accounting, actuarial or any relevant field.

  • Hold a professional certification such as a CPA, FSA, FICA, FCAS, CFA MBA or FRM would be an asset;

  • Advanced proficiency in English is required, as the individual will need to communicate daily, both verbally and in writing, with English-speaking colleagues and partners. French is optional.

Why you'll love working with us

  • A work environment where learning and development merge with a collective pursuit of excellence.

  • A healthy, safe, fair, and inclusive environment where potential can be freely expressed and developed.

  • The opportunity to work in a hybrid environment, supported by flexibility and access to inspiring and innovative workspaces.

  • Competitive benefits: Flexible group insurance, competitive pension plan, stock purchase plan, vacation and wellness/personal development days, telemedicine, employee and family assistance program, ergonomic furniture program, performance bonus, discounts on iA products, and much more!

Apply now and get ahead of your career, where your talent really belongs!

Still unsure about applying?
At iA, we believe in potential and value diverse experiences. If this role inspires you, go ahead and apply - your place might be with us, and we want to get to know you!

For positions posted in Ontario and British Columbia:

The typical hiring range for this position is between 123100$ and 173100$ CAD per year; the base salary offered may vary depending on knowledge, skills, years of experience, and internal equity related to the role. At iA, we are committed to offering a fair, equitable, and market-based compensation structure. Our market data is updated annually to reflect the most current market conditions.

Location(s)Quebec / 1080, Grande Allee WestOther Possible Location(s)Montreal / 1981 McGill College AvenueToronto / 26 Wellington Street East
Company

iA Financial Group

Posting End Date2026-07-31Company Overview

iA Financial Group* is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.

With over $200 billion in assets and half a billion invested in technological innovation, we're a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it's by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.

At iA, we're invested in you.

* iA Financial group includes the following entities: iA Services financiers, iA assurance auto et habitation, iA Gestion privee de patrimoine, PPI Management, Investia, iA Gestion de placements, Prysm, iA Clarington, Michel Rheaume et associes, Garanties Nationales, WGI Manufacturing, WGI Service Plan Division, Lubrico, iA Financement auto Our Commitment to Diversity and Inclusion

At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.

Please note that if you need help or assistance to make the recruitment process more accessible for you, please Contact us here. Someone from our team will be happy to assist you with your needs.