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Model Risk Manager Jobs in Calgary, AB (NOW HIRING)

... models, joint venture structures, and risk-sharing strategies * Acts as strategic risk partner to ... Represents Risk Management in governance and operational forums, surfacing emerging risks, systemic ...

Lead Risk Manager, Payment Fraud Toronto Onsite | Full-Time | Hybrid after onboarding | Reports to ... models (XGBoost, LightGBM) into live risk systems. The role reports directly to the CEO and ...

Lead Risk Manager, Payment Fraud Toronto Onsite | Full-Time | Hybrid after onboarding | Reports to ... models (XGBoost, LightGBM) into live risk systems. The role reports directly to the CEO and ...

... models. * Experience analyzing market risk, valuation, and trading strategies in power, natural gas, and/or environmental markets (e.g., WECC, PJM, ERCOT, AESO). * Familiarity with risk management of ...

Deals Risk & Quality Senior Associate

Calgary, AB · Hybrid

CA$58.40K - CA$97.50K/yr

As part of our One Firm Risk model, members of our team have an extensive track record of managing our overall risk management needs. We focus on supporting the business in delivering quality ...

Develop and deliver human health and ecological risk assessments, risk management plans ... Prepare detailed conceptual site models byconsolidatingand interpreting field data, laboratory ...

Provide thought leadership and direction for the cyber risk management practice. * Team with PwC ... Being able to design and deliver cyber security strategies, operating models,assessmentsand reports ...

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Model Risk Manager information

See Calgary, AB salary details

$24.5K

$122K

$211.5K

How much do model risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk manager in Calgary, AB is $122,042.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,500.00 and $148,000.00 per year, depending on experience, location, and employer.

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

To thrive as a Model Risk Manager, you need a solid background in quantitative finance, statistics, or mathematics, often supported by an advanced degree and experience in model development or validation. Familiarity with programming languages such as Python or R, risk management frameworks, and regulatory requirements like SR 11-7 or ECB guidelines is typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for articulating complex model risks to stakeholders. These competencies are vital for ensuring the accuracy, compliance, and reliability of financial models within an organization.

What are some common challenges a Model Risk Manager faces when validating complex financial models?

Model Risk Managers often encounter challenges such as limited or incomplete data, evolving regulatory requirements, and the need to validate highly complex or proprietary models. They must work closely with model developers, quantitative analysts, and compliance teams to ensure all assumptions and methodologies are sound. Staying up to date with industry best practices and maintaining clear documentation are also crucial, as is effectively communicating findings to both technical and non-technical stakeholders.

What does a Model Risk Manager do?

A Model Risk Manager is responsible for identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. They ensure that models are accurate, reliable, and compliant with regulatory standards by overseeing validation processes and monitoring model performance. Their role often includes collaborating with model developers, conducting independent reviews, and implementing model governance frameworks to minimize potential losses or errors stemming from model misuse or inaccuracies.

What is the difference between Model Risk Manager vs Quantitative Analyst?

AspectModel Risk ManagerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or mathematics; certifications like FRM or CFADegree in finance, economics, mathematics, or related fields; often CFA or CQF
Work EnvironmentFocus on risk management teams within financial institutions; regulatory complianceAnalytical roles within trading, investment, or banking divisions; model development
Employer & Industry UsageFinancial institutions, banks, asset managersInvestment firms, hedge funds, banks, financial services

The Model Risk Manager primarily oversees and mitigates risks associated with financial models, ensuring compliance and accuracy. In contrast, Quantitative Analysts develop and implement models to support trading, investment, or risk strategies. While both roles require strong quantitative skills and similar credentials, their focus areas differ—risk management versus model development and analysis.

What are popular job titles related to Model Risk Manager jobs in Calgary, AB? For Model Risk Manager jobs in Calgary, AB, the most frequently searched job titles are:

Full-time

Posted 25 days ago


Job description

As the Corporate Risk Manager, you will bring expertise as a strategic leader and enterprise subject matter expert responsible for shaping, advancing, and embedding Ledcor's risk management frameworks across all Operating Companies. Acting as the primary enterprise advisor for project and operational risk, this role influences business decisions from early pursuit through project execution, ensuring alignment with Ledcor's risk appetite, governance standards, and strategic business objectives.
The Corporate Risk Manager provides authoritative guidance to project executives and senior leaders, drives adoption of risk management best practices, and leads continuous improvement of methodologies, tools, and insights that strengthen organizational resilience and champions a strong risk culture.
Join our dynamic Risk team in Edmonton or Calgary, AB!

Essential Responsibilities:

  • Leads the evolution of enterprise and project-level risk frameworks, ensuring integration into Operating Company decision-making and alignment with corporate risk appetite
  • Shapes enterprise risk tolerance guidance and advises executives on major pursuits, contractual models, joint venture structures, and risk-sharing strategies
  • Acts as strategic risk partner to Operating Companies, providing independent review and challenge across the full project lifecycle, including complex pursuits and high-risk projects
  • Oversees rigorous risk assessments, including scenario analysis, contract risk allocation reviews, mitigation modeling, and enterprise-aligned recommendations
  • Represents Risk Management in governance and operational forums, surfacing emerging risks, systemic exposures, and market trends that may impact corporate strategy and competitiveness
  • Leads key components of the annual corporate insurance renewal and risk financing strategy, including underwriting narratives, insurer engagement, and cost-of-risk optimization
  • Develops enterprise risk intelligence by synthesizing claims data, analytics, and industry insights to deliver predictive reporting and executive-grade recommendations
  • Strengthens risk measurement and decision support capabilities through enhanced tools, dashboards, forecasting models, and leading indicators
  • Builds strong executive, broker, insurer, and internal stakeholder relationships while advancing risk culture, education, and team development, including mentorship of the Risk Analyst

Qualifications:

  • Bachelor's degree in Accounting, Finance, Business Administration, Engineering, Construction Management, or a related discipline
  • Chartered Insurance Professional (CIP), Canadian Risk Management (CRM), Chartered Professional Accountant (CPA), or significant progress toward completion
  • Minimum 8 years of progressive experience in enterprise risk, project risk, insurance, or commercial management within construction or other capital-intensive industries
  • Minimum 8 years leading cross-functional risk reviews, contract risk assessments, and enterprise risk processes
  • Minimum 5 years advising senior executives and influencing strategic business decisions
  • Demonstrated ability to collaborate with and influence senior leaders through expert-level risk insight and strategic advisory capability
  • Strong analytical and conceptual thinking skills, with the ability to synthesize complex information into clear, actionable recommendations; experience in risk quantification, scenario analysis, and data-driven insights (Power BI considered an asset)
  • Deep expertise in contract risk allocation, insurance program structures, and construction lifecycle risks
  • Proven ability to lead change, drive framework adoption, manage competing priorities across multiple initiatives, and work effectively both independently and as part of a high-performing team

Additional Information

The Ledcor Group of Companies is one of North America's most diversified construction companies. Ledcor is a company built on a rich history of long-standing project successes.

Our workplace culture has been recognized as one of Canada's Best Diversity Employers, Canada's Most Admired Corporate Cultures, and a Top 100 Inspiring Workplace in North America.

Our competitive total rewards package provides compensation and benefits that support your physical, mental and financial wellbeing. We offer exciting, challenging work with opportunities to develop your skills and knowledge.

Employment Equity

At Ledcor we believe diversity, equity, and inclusion should be part of everything we do. We are proud to be an equal-opportunity employer. All qualified individuals, regardless of race, color, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other identifying characteristic are encouraged to apply.

Our True Blue team consists of individuals from all backgrounds who contribute diverse perspectives and experiences to Ledcor. We are committed to continuing to build on our culture of empowerment, inclusion and belonging.

Adjustments will be provided in all parts of our hiring process. Applicants need to make their needs known in advance by submitting a request via email. For more information about Ledcor's Inclusion and Diversity initiatives, please visit our I&D page.