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Hourly Credit Risk Modeling Jobs in Toronto, ON (NOW HIRING)

MUFG

Model Risk Management Analyst, AVP

Toronto, ON

Strong skills in quantitative methods including statistical analysis, and credit risk modeling * Strong skills in quantitative methods and computer technology, such as Python, R and SAS * 3-5 years ...

Td

Group Risk Specialist (ATH 5211)

Toronto, ON · On-site

CA$96K - CA$136K/yr

Support the ongoing evaluation and use of predictive models in credit strategies to ensure effective use and application of various available models. Provide a broad range of risk analysis, reporting ...

Rogers Communications

Sr Analyst Credit Risk

Toronto, ON · On-site

... Miner, SPSS or Model Builder.  A high aptitude for learning new analytical software ... consumer credit risk, fraud or collection operations.  Exposure to telecom, credit bureau ...

CIBC

Senior Manager, Credit Risk Solutions

Toronto, ON · Hybrid

You have experience utilizing risk systems & applications, front office trading systems, Counterparty credit risk measurements and exposures, and capital models principles (SACCR, IMM, etc), best ...

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Hourly Credit Risk Modeling information

What is hourly credit risk modeling?

Hourly credit risk modeling is the process of assessing and predicting the likelihood of a borrower defaulting on their financial obligations, with risk evaluated and updated on an hourly basis. This approach is often used by financial institutions and fintech companies that require real-time credit risk analysis for instant lending decisions or ongoing portfolio monitoring. By utilizing real-time data and advanced analytics, hourly credit risk modeling enables lenders to respond quickly to changes in a borrower's financial behavior or external market conditions. This leads to more accurate risk assessments and helps institutions manage their exposure more effectively.

How does an hourly credit risk modeling professional typically collaborate with other departments within a financial institution?

Hourly Credit Risk Modeling professionals often work closely with teams such as underwriting, data analytics, and IT to ensure credit risk models are accurate and actionable. They may participate in cross-functional meetings to discuss model performance, share insights from data analysis, and implement feedback from business stakeholders. Collaboration is key, as their models directly influence lending decisions, risk management strategies, and regulatory compliance. Regular communication with colleagues helps ensure that risk models stay aligned with evolving business needs and regulatory requirements.

What are the key skills and qualifications needed to thrive as an hourly credit risk modeler, and why are they important?

To thrive as an Hourly Credit Risk Modeler, you need strong quantitative skills, a background in finance, economics, mathematics, or statistics, and experience with credit risk principles. Familiarity with statistical software such as SAS, R, or Python, as well as knowledge of risk modeling frameworks and regulatory requirements, is typically required. Analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These skills are essential for accurately assessing credit risk, supporting sound decision-making, and ensuring regulatory compliance in financial institutions.

What is the difference between Hourly Credit Risk Modeling vs Credit Analyst?

AspectHourly Credit Risk ModelingCredit Analyst
Primary FocusDeveloping and implementing credit risk models to assess borrower riskAnalyzing credit data to evaluate creditworthiness of individuals or companies
Required SkillsStatistical analysis, modeling, programming, financial analysisFinancial analysis, credit report review, communication skills
Work EnvironmentFinancial institutions, consulting firms, often project-basedBanks, lending institutions, credit departments
CertificationsOften requires CFA, FRM, or similar certificationsTypically requires finance or accounting degrees; certifications like CFA are common

Hourly Credit Risk Modeling involves creating quantitative models to predict credit risk, often requiring advanced statistical and programming skills. Credit Analysts focus on evaluating individual credit data to make lending decisions. While both roles require financial knowledge and may share certifications, their core responsibilities differ: one is model development, the other is credit evaluation.

What are the most commonly searched types of Credit Risk Modeling jobs in Toronto, ON?

The most popular types of Credit Risk Modeling jobs in Toronto, ON are:

What are popular job titles related to Hourly Credit Risk Modeling jobs in Toronto, ON?

For Hourly Credit Risk Modeling jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Hourly Credit Risk Modeling jobs in Toronto, ON look for?

The top searched job categories for Hourly Credit Risk Modeling jobs in Toronto, ON are:

Hourly Credit Risk Modeling jobs near you
Infographic showing various Hourly Credit Risk Modeling job openings in Toronto, ON as of September 2026, with employment types broken down into 1% Internship, 1% As Needed, 61% Full Time, 32% Part Time, 1% Temporary, and 4% Contract. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution.

Model Risk Management Analyst, AVP

Toronto, ON

MUFG
Banking and Credit Intermediation • 10K+ employees
Learn more about MUFGexternal

Full-time

Re-posted 7 days ago

Key responsibilities

  • Develop, maintain, and implement the Bank's Model Risk Management Program for Wholesale Credit risk models.

  • Perform independent validations of models using statistical analysis and machine learning techniques, and document validation outcomes.

  • Support relationship management with regulators and internal audit.

MUFG rating

8.1

Company rating: 8.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models include those used within the various Business Units for supporting Global trading, lending, pricing, Securitization, and Capital market activities.

Responsibilities:

Model Risk Management:

  • Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision-making, stress testing, ALLL/CECL/IFRS 9, economic capital estimation, financial reporting, and risk management
  • Monitor model performance reports on an on-going basis to ensure models remain valid
  • Applying strong risk knowledge to solve problems independently, without relying on daily supervision

Model Validation:

  • Perform independent validations of various models developed based on statistical analysis and machine learning techniques
  • Document the validation outcome in high-quality validation report and manage resolution of findings with model developers

Maintain Model Inventory:

  • Conduct model/non-model assessment
  • Issue/finding closure, and model annual review

Collaboration:

  • Support relationship with regulators and internal audit
  • Team player, ability to communicate technical concepts to non-technical audience

Skills & Experience

  • Strong skills in quantitative methods including statistical analysis, and credit risk modeling
  • Strong skills in quantitative methods and computer technology, such as Python, R and SAS
  • 3-5 years' experience in related field
  • Strong understanding of financial services industry
  • Strong verbal/communication skills
  • Attention to details

Education:

  • Advanced degree of Masters or higher in statistics, finance, or other quantitative field
  • Industry certifications a plus (e.g., CFA, FRM)
The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch ("MUFG Bank Canada") or MUFG Securities (Canada), Ltd. ("MUFG Securities Canada"). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.

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About MUFG

Sourced by ZipRecruiter

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

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