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Model Risk Management Jobs in Quebec (NOW HIRING)

Societe Generale

ERM Officer

Montreal, QC

The Enterprise Risk Management department in the RISQ Division oversees risk management for SG ... Contribute to the development of ERM conceptual data models, including the product of dashboard ...

National Bank

Senior Director Data Risk

Montreal, QC · Hybrid

... the management of business requirements and deliveries * Optimize model and strategy delivery ... risk strategies sector, you are part of a large team of around 40 colleagues and report to the ...

National Bank

Senior Director Data Risk

Montreal, QC · Hybrid

... the management of business requirements and deliveries Optimize model and strategy delivery ... risk strategies sector, you are part of a large team of around 40 colleagues and report to the ...

KPMG

Manager, Financial Crimes

Quebec, QC · On-site

... or in model risk management within the financial or professional services sectors, as well as with relevant banking, securities, or insurance regulatory agencies. * Experience in professional ...

KPMG

Manager, Financial Crimes

Montreal, QC · On-site

... or in model risk management within the financial or professional services sectors, as well as with relevant banking, securities, or insurance regulatory agencies. * Experience in professional ...

Jay Analytix

Quantative Developer

Montreal, QC · Hybrid

You will work at the intersection of finance and technology, translating sophisticated quantitative models into robust, production-quality code that directly supports trading and risk management ...

New

Jay Analytix

Quantative Developer

Montreal, QC · On-site

You will work at the intersection of finance and technology, translating sophisticated quantitative models into robust, production-quality code that directly supports trading and risk management ...

New

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All JobsModel Risk Management JobsModel Risk Management Jobs in Quebec

Model Risk Management information

See Quebec salary details

$24K

$121.1K

$244K

How much do model risk management jobs pay per year?

As of Jun 20, 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 is the salary of model risk validation?

Model risk validation professionals typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in statistical modeling and regulatory knowledge can earn higher salaries, often exceeding $180,000. Certifications such as FRM or CFA can also influence compensation in this field.

Is model risk management a good career?

Model risk management is a specialized field focused on identifying and mitigating risks associated with financial and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is in demand within financial institutions, regulatory agencies, and consulting firms, making it a stable career choice for those interested in risk analysis and quantitative methods.

What do model risk managers do?

Model risk managers are responsible for identifying, assessing, and mitigating risks associated with financial and operational models used within an organization. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using specialized tools and techniques. Their work helps prevent model errors from leading to financial loss or regulatory issues.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, especially in financial institutions or large corporations.
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:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Quebec as of June 2026, with employment types broken down into 83% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $121,104 per year, or $58.2 per hour.
Analyst, Credit Risk

Analyst, Credit Risk

Brookfield Renewable

Gatineau, QC

Full-time

Medical, Dental, Retirement

Posted 8 days ago

Job description

Reporting to the Senior Director Risk Control and Credit Risk, the incumbent will be part of a team who supports Brookfield Renewable in achieving effective Risk Management. By providing expertise to the daily activities related to the credit risk function, the analyst will evaluate, analyze, and monitor credit risk in an energy trading and origination environment while working closely with the front office to assess the credit risks involved with new and proposed transactions. This position presents a unique opportunity to apply credit risk management concepts in a best in class renewable energy company. 

You’ll want to join our team for:

  • The competitive compensation package
  • Opportunities for professional growth
  • Our health, dental & paramedical benefits
  • Our retirement savings plan
  • Our new LEED-certified office building located near vieux-hull’s vibrant restaurant scene
  • The on-site gym & bike storage room


Responsibilities

  • Analyze various elements of credit risk during due diligence process primarily related to renewable energy transactions for new and existing counterparties;
  • Update and maintain information in the risk management system related to new and existing counterparties and credit limits;
  • Monitor credit exposure to ensure compliance with Risk Management Policy on a daily basis and investigate and report instances of non-compliance;
  • Monitor collateral usage rate at ISOs/RTOs and margin activities on financial products with Futures Commission Merchants
  • Collaborate with departments across the organization including trading and legal to manage collateral positions for trading activities;
  • Participate in group initiatives to improve credit reporting and reporting infrastructure/processes;
  • Work on special projects from senior management and other teams;
  • Support the Credit Risk team in various other tasks.

Qualifications

  • Undergraduate degree in quantitative discipline (e.g. economics, finance, computer science, mathematics, physics or engineering); a master’s degree and/or financial designation (e.g. CFA, FRM or ERP) is considered an asset;
  • ISDA negotiation of credit provisions experience is considered an asset;
  • Previous experience in credit risk or energy industry, or other commodity/derivatives market would be considered an asset.

Technical Competencies

  • Ability to work with Power BI, Alteryx, or other data analytics platform;
  • Ability to analyze financial statements and interpret financial ratios;
  • Experience in building financial models would be considered an asset;
  • Advanced proficiency in MS Office, with emphasis on MS Excel; programming skills in Python are considered an asset;
  • Experience with Databases (run reports, queries, searches, etc.) is considered an asset;
  • Ability to understand complex rules and regulations

General Competencies

  • Attention to Detail: Working in a conscientious, consistent and thorough manner;
  • Time Management/Priority Setting: The process of exercising conscious control over the amount of time spent;
  • Achievement Orientation: Focusing efforts on achieving high quality results with the organization’s standards;
  • Teamwork: Working collaboratively with others to achieve organizational goals;
  • Adaptability: Adapting in order to work effectively in ambiguous or changing situations, and with diverse individuals and groups;
  • Information Gathering and Processing: Locating and collecting data from appropriate sources and analyzing it to prepare meaningful and concise reports that summarize the information;
  • Managing and Measuring Work: Organizing time, work and resources (e.g., people) to accomplish work objectives effectively and efficiently; tracking progress toward accomplishing the work objectives;
  • Analytical Thinking: Analyzing and synthesizing information to understand issues, identify options, and support sound decision making.

Brookfield embraces and promotes the principles of diversity, equity and inclusion. We welcome and encourage applications from all qualified candidates, including women, Indigenous peoples and other persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. We also provide accommodation during all parts of the hiring process, upon request. If contacted to proceed to the recruitment process, please advise us if you require any accommodation.

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