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Credit Risk Model Validation Jobs in Ontario (NOW HIRING)

Lloyd's

... Model team to help aggregate credit exposure across the market and assess risk to the Central Fund. * You'll also partner with Underwriting Performance to share insights from model validation and ...

BMO Capital Markets

Model Risk Specialist

Toronto, ON · On-site

CA$61K - CA$113K/yr

Audit, Risk & Compliance Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model ...

Td

Manager Advanced Analytics (Quants)

Toronto, ON · On-site

The successful candidate will lead the development of robust, forward-looking credit risk models ... Continuously improve model performance through rigorous validation, monitoring, and incorporation ...

Chad Management Group

VP credit Risk & Analytics

Toronto, ON · On-site

CA$160K - CA$180K/yr

VP Credit Risk & Analytics Cambridge ON With over $1Billion in loans funded, our client has helped ... Experience building predictive models, regression modeling, credit modelling for auto adjudication ...

Chad Management Group

VP credit Risk & Analytics

Toronto, ON · On-site

CA$160K - CA$180K/yr

VP Credit Risk & Analytics Cambridge ON With over $1Billion in loans funded, our client has helped ... Experience building predictive models, regression modeling, credit modelling for auto adjudication ...

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All JobsCredit Risk Model Validation JobsCredit Risk Model Validation Jobs in Ontario

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 Jun 16, 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.
Credit Risk Model Validation jobs near you
Sr. Director, Solutions Consulting - Canada Credit Risk Solutions

Sr. Director, Solutions Consulting - Canada Credit Risk Solutions

Transunion

Toronto, ON

CA$210K - CA$316K/yr

Full-time

Posted 15 days ago

TransUnion rating

9.0

Company rating: 9.0 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

TransUnion's Job Applicant Privacy Notice

What We'll Bring:

At TransUnion, we are dedicated to finding ways information can be used to help people make better and smarter decisions. As a trusted provider of global information solutions, our mission is to help people around the world access the opportunities that lead to a higher quality of life, by helping organizations optimize their risk-based decisions and enabling consumers to understand and manage their personal information. Because when people have access to more complete and multidimensional information, they can make more informed decisions and achieve great things.
Every day TransUnion offers our employees the tools and resources they need to find ways information can be used in diverse ways. Whether it is helping businesses better manage risk, providing better insights so a consumer can qualify for his first mortgage or working with law enforcement to make neighborhoods safer, we are improving the quality of life for individuals, families, communities and local economies around the world.

What You'll Bring:

  • 15+ years of progressive experience in product management, with a strong focus on credit risk.

  • Proven leadership in Canada.

  • Understanding of credit data, risk modeling, and regulatory environments in Canada.

  • Demonstrated success in leading cross-functional product teams and driving innovation.

  • Fluent in Agile methodologies and product lifecycle management.

  • Excellent communication skills across internal and external stakeholders.

  • Bachelor's degree in STEM or related field; MBA or Master's degree preferred.

Preferred Attributes

  • Strategic thinker with a commercial mindset and customer-centric approach.

  • Emotionally intelligent leader who builds strong relationships across diverse teams.

  • Structured and process-driven, with a bias for action and accountability.

  • Ability to translate customer insights into impactful product experiences.

  • Thought leader and evangelist for credit risk innovation in Canada.

Impact You'll Make:

TheSr Director, Solutions Consulting - Canada Credit Risk Solutionsis responsible for leading the development, strategy, and commercialization of TransUnion's Credit Risk Solutions (CRS) inCanada. This role is pivotal in driving regional product innovation, aligning with global standards, and delivering high-impact solutions tailored to local market needs. You will oversee the product lifecycle for Core Credit (e.g. Credit Reports, Scores), Alternative Data (e.g. Income Verification, Alternative Data Scores), Analytics Enablement (e.g. Analytics Sandbox) and Commercial (e.g. Commercial Credit Reports, Scores) ensuring they meet evolving customer demands and regulatory requirements. In this role you will manage CRS Product Managers and Solution Consultants. You'll collaborate closely with regional leaders, data science teams, and global stakeholders to define and execute the product roadmap. This role reports into theInternational Head of Credit Risk Solutions with a dotted line into the Canada Chief Product Officer and will be based in Canada.

Key Responsibilities

Market & Customer Insights

  • Track regional trends and risks across Core Credit, Alternative Data, Analytics, and Commercial.
  • Share customer feedback to guide innovation and ensure relevance.
  • Represent Credit Risk Solutions in key external and internal forums.

Product Strategy

  • Lead strategy and GTM alignment for Core Credit, Alternative Data, Analytics and Commercial.
  • Understand and advocate for the global CRS strategy locally.
  • Inform the global CRS strategy based on regional learnings and requirements.
  • Approve new developments and build ROI-driven business cases.
  • Represent TransUnion in senior client engagements and global strategy reviews.
  • Develop talent to exceed business goals.

Financial Planning

  • Partner with Sales and Finance to build and monitor revenue plans.
  • Present performance updates and contribute to strategic planning.

Roadmap Management

  • Oversee product lifecycle and cost optimization.
  • Align regional roadmaps with global and local technology and analytics teams.
  • Ensure timely delivery of the CRS product roadmap for Canada.

GTM Execution

  • Act as domain expert for the Canada credit market.
  • Lead Solutions Consulting to support sales and pipeline growth.
  • Drive sector-specific GTM plans and ensure sales enablement.
  • Ensure compliance with local and global regulations.

The expected pay range for this position is $210,000 - $316,000 annually. The payinformation provided for this position reflects a reasonable estimate of the range of expectedcompensation for this job. At TransUnion, actual compensation is based on careful consideration ofmany factors such as (but not limited to) an individual's education, training, work experience, job related skill set, location, and industry knowledge, as well as the scope and responsibilities of theposition and market considerations. In addition, variable compensation is based on applicable companyguidance and plan documents as well as performance.

This is a hybrid position and involves regular performance of job responsibilities virtually as well as in-person at an assigned TU office location for a minimum of two days a week.

This job posting is for an existing vacancy. The opening is to backfill a previously held position.

Accommodation is available, including for applicants with disabilities, in accordance with applicable laws.

TransUnion's Internal Job Title:

Sr Director, Solutions Consulting

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