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Model Risk Management Jobs in Quebec (NOW HIRING)

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Model Risk Management information

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$24K

$121.1K

$244K

How much do model risk management jobs pay per year?

As of Jul 15, 2026, the average yearly pay for model risk management in Quebec is $121,104.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $151,500.00 per year, depending on experience, location, and employer.

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

To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.

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

Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.

What is a Model Risk Management job?

A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.

What are popular job titles related to Model Risk Management jobs in Quebec? For Model Risk Management jobs in Quebec, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Quebec look for? The top searched job categories for Model Risk Management jobs in Quebec are:

Quantitative Advisor -Model Risk Management

Societe Generale

Montreal, QC • On-site

Other

This job post has expired today. Applications are no longer accepted.


Job description

ABOUT THE JOB:

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

The Global Markets Division provides investment and risk hedging solutions to its corporate and institutional clients. The person will join the R&D group and will be based in Montreal. This group is responsible for developing, implementing, and maintaining analytics, pricing, and risk-management tools for SG. Reporting directly to the local Head, the individual will concentrate on Model Risk Management (MRM) topics.

In this Front Office role working In accordance with the SR 11-7 regulation, SG must continuously review the conceptual soundness, accuracy, and implementation methods of its quantitative models. Throughout the model's lifecycle, the Risk team issues a list of recommendations classified by different levels of criticality. Within the ARD framework, the MRM team is tasked with implementing and addressing these recommendations across the AMER region.

 

What will be your DAY-TO-DAY?

  • Monitor accurately and promptly the pricing and margining models for the AMER branch.
  • Continuously improve existing monitoring methodologies to enhance accuracy and efficiency.
  • Implement innovative solutions and best practices to streamline and optimize the monitoring process.
  • Participate in the oversight of the SIMM model and other risk metrics managed by the Global Markets Department.

 

In this role, you will:

  • Work with global stakeholders to design solutions, develop coding architectures, and implement controls addressing quantitative recommendations from audits, RISQ, or regulatory bodies.

  • Contribute to thorough and precise documentation of pricing models.
  • Support the certification of pricing models, ensuring appropriate model ratings.
  • Guarantee that all documentation complies with internal standards and regulatory requirements.

Skills and Qualifications:

Must Have:

  • Strong understanding of pricing models, margining models, and risk metrics.
  • 2 years of experience in a similar role with a strong quantitative background.
  • Proficiency in programming languages such as Python, R, and C /C#.
  • Strong analytical skills with exceptional attention to detail.
  • Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
  • Master's degree in Quantitative Finance, Mathematics, Statistics, Computer Science, or a related field.

Languages: French and English

 

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA").