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Credit Risk Modeler Jobs in Quebec (NOW HIRING)

Societe Generale

Senior Credit Analyst

Montreal, QC · On-site

Use internal fund rating models to propose counterparty ratings. Manage key components of counterparty credit administration such as documentation (ISDA/CSA, MRA, MSLA, FAA), and risk limits.

Morgan Stanley

C++ Developer (Hybrid)

Montreal, QC · Hybrid

... Credit Risk data infrastructure, as well as to contribute to strategic initiatives. This individual will work with strategists and modeling group to understand business requirements, architect ...

Jay Analytix

AI Engineer - Banking Domain

Montreal, QC · On-site

... Work Model Hybrid Start Immediate ABOUT THE ROLE We are looking for an experienced AI Engineer to ... You will work across fraud detection, credit risk, regulatory compliance, and customer analytics ...

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All JobsCredit Risk Modeler JobsCredit Risk Modeler Jobs in Quebec

Credit Risk Modeler information

See Quebec salary details

$14

$58

$88

How much do credit risk modeler jobs pay per hour?

As of Jul 9, 2026, the average hourly pay for credit risk modeler in Quebec is $58.56, according to ZipRecruiter salary data. Most workers in this role earn between $39.66 and $77.64 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Credit Risk Modeler, and why are they important?

To thrive as a Credit Risk Modeler, you need a solid background in quantitative finance, statistics, and data analysis, often supported by a degree in mathematics, finance, or a related field. Familiarity with programming languages such as Python, R, or SAS, as well as experience with risk modeling frameworks and regulatory requirements like Basel III, is typically required. Strong analytical thinking, attention to detail, and effective communication make a candidate stand out in this role. These skills are crucial for accurately predicting credit risk, ensuring regulatory compliance, and supporting informed decision-making in financial institutions.

How does a Credit Risk Modeler typically collaborate with other departments within a financial institution?

Credit Risk Modelers frequently work alongside data scientists, underwriters, compliance teams, and business analysts to develop and refine risk assessment models. Collaboration with IT teams is common for implementing models into production systems, while regular interaction with regulatory and compliance groups ensures models meet legal standards. Effective communication with stakeholders is essential to translate technical findings into actionable business strategies, making cross-functional teamwork a key part of the role.

What does a Credit Risk Modeler do?

A Credit Risk Modeler is responsible for developing statistical models and analytical tools to assess the likelihood that borrowers will default on their loans or credit obligations. They use data analysis, statistical techniques, and machine learning algorithms to predict credit risk and help financial institutions make informed lending decisions. Their work involves gathering and cleaning data, building predictive models, validating model performance, and ensuring compliance with regulatory standards. Credit Risk Modelers play a crucial role in managing a bank's or lender's exposure to financial risk and maintaining a healthy loan portfolio.

What is the difference between Credit Risk Modeler vs Credit Analyst?

AspectCredit Risk ModelerCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; often certifications like FRM or CFABachelor's degree in finance, accounting, or related field; certifications like CFA are common
Work EnvironmentQuantitative teams, risk management departments, financial institutionsBank branches, lending departments, credit departments
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending companies, credit bureaus

The main difference is that Credit Risk Modelers develop statistical models to assess and predict credit risk, focusing on quantitative analysis. Credit Analysts evaluate individual creditworthiness of borrowers, primarily through financial statement analysis and credit reports. Both roles require financial knowledge, but Modelers are more data and model-focused, while Analysts are more client and credit evaluation-focused.

What are popular job titles related to Credit Risk Modeler jobs in Quebec? For Credit Risk Modeler jobs in Quebec, the most frequently searched job titles are:
What job categories do people searching Credit Risk Modeler jobs in Quebec look for? The top searched job categories for Credit Risk Modeler jobs in Quebec are:
What are popular job titles related to Credit Risk Modeler jobs in QC? For Credit Risk Modeler jobs in QC, the most frequently searched job titles are:
Credit Risk Modeler jobs near you
Infographic showing various Credit Risk Modeler job openings in Quebec as of July 2026, with employment types broken down into 100% Full Time. Highlights an 43% In-person, 50% Hybrid, and 7% Remote job distribution, with an average salary of $121,799 per year, or $58.6 per hour.

Senior Advisor Model Validation

National Bank

Montreal, QC • Hybrid

Full-time

Medical, Retirement

Re-posted 17 days ago

Job description

A career as a Model Validation Advisor on the market risk Model Validation team at National Bank means that you can specialise in the independent validation of risk models. This position allows you to have a concrete impact on the quality of risk management decisions thanks to your expertise in quantitative modelling, analytical testing and model governance.

Your job

  • Independently validate market, counterparty and economic capital risk models by producing rigourous analyses and clear conclusions
  • Analyze and test methodologies, assumptions, calibrations and model implementation mechanisms (including valuation and risk frameworks)
  • Carry out quantitative tests (comparisons, sensitivity analyses, feedback tests) and interpret the results to identify risks and gaps
  • Assess model lifecycle controls and ensure compliance with governance requirements
  • Contribute to the continuous improvement of validation practises and share knowledge with the team

Your team

Within the risk Management sector, you will be part of a collaborative team and report to a management specialised in validation. Our team stands out for its critical thinking, analytical rigour and commitment to continuous improvement. Our goal is to offer you maximum flexibility to promote your quality of life. This includes a hybrid work environment and a flexible, adaptable schedule.

The Bank values continuous development and internal mobility. Our personalised training programs, based on on on-the-job learning, help you master your profession and develop new fields of expertise. Tools such as the Data Academy, Language Training, the Harvard Learning Centre and coaching and mentoring support are available to you at any time.

Prerequisites

  • A Bachelor, Master or PhD in a quantitative field and more than 5 years of relevant experience in risk modelling or validation
  • Solid knowledge of derivative valuation models and digital methods
  • Mastering market risk concepts (var, stress testing, including backtesting; knowledge of FRTB concepts required) and understand the associated regulatory requirements
  • Experience with counterparty credit risk models and related mechanisms
  • Understand economic capital modelling approaches and their impact on risk management
  • Knowledge of model governance practises and controls related to their lifecycle



Your benefits

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:


* Health and wellness program, including many options

* Flexible group insurance

* Generous pension plan

* Employee Share Ownership Plan

* Employee and family assistance program

* Preferential banking services

* Involvement in community initiatives

* Telemedicine service

* Virtual sleep clinic


We have an offer that keeps up with trends as well as your needs and those of your family.


Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.


Making a bold move in a people-first environment

We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.


We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?


Join us!

Apply