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

Manager, Procurement

Calgary, AB · Hybrid

CA$146.80K - CA$176.20K/yr

... models. * Strong judgement with ability to balance cost, risk, business priorities and ... Experience managing supplier relationships through structured tools & resources. * High attention ...

... modeling, data visualization, simulation, economics, optimization, information management, business ... Define, configure, and implementprocess control and risk management modules of SAP GRC. * Design ...

... risk management and accounting/reporting experiences * Five or more years of leading and managing people * Strong experience with financial analysis and financial modeling * Understands and adheres ...

You'll work at the intersection of compliance, risk management, and operational security ... Any across Canada with willingness to travel to key locations when required Work Model: Hybrid / On ...

Minimum of 1 year exposure to market risk management in Energy * Minimum of1 years of experience in ... Solid understanding of trading models and trading strategies and exposures that arise out of them ...

Establishes and manages compliance escalation pathways and support model * Drives alignment of risk and compliance practices across Operating Groups while respecting business needs * Leads enterprise ...

... risk management, and execution tracking. * Apply data, tools, and structured analysis to identify ... Act as a role model for ethical behavior, professionalism, and confidentiality when representing ...

Support the migration of Excel/query-based models into Python and R. * Aggregate and manage large datasets for accounting insight, risk reporting, and commercial and operational analysis. * Identify ...

... risk tracking, and change management. * Partner with Academic Schools, SEM, Records, and Business ... Support future state scheduling models by ensuring operational requirements are clearly articulated ...

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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:
AI Product Management - Vice President

AI Product Management - Vice President

Morgan Stanley

Calgary, AB

Full-time

Posted 2 days ago


Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

37th of 138 rated financial services


Job description

AI Product Management - Vice President

Wealth Management Platforms

We are seeking an innovative, driven professional to join us as Vice President, Artificial Intelligence Oversight and Governance, within our Product organization and part of Wealth Management Platforms team. This role will be accountable for end-to-end governance of AI-enabled product capabilities-especially agentic AI use cases, agent orchestration, and Retrieval-Augmented Generation (RAG) implementations-ensuring new AI use cases are properly intake-managed, risk-reviewed, prioritized by value, aligned to governance frameworks, and monitored post-production.

This PM Lead will work cross-functionally with Product, Engineering, Data/ML, Security, Risk/Compliance, Legal/Privacy, and platform teams to operationalize trustworthy, secure, and compliant AI practices at scale-while enabling teams to deliver high-value AI agents quickly and safely. The program will be grounded in widely adopted AI risk and governance frameworks and will incorporate LLM/agentic security considerations.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Department Overview

In the Wealth Management division, we help people, businesses and institutions build, preserve, and manage wealth so they can pursue their financial goals

Wealth Management (WM) Platforms manages industry-leading platforms, across all WM channels and client segments, to provide a unified digital experience, unlock growth, and deliver efficiencies for Advisors, Clients, and Institutions. WM Platforms consists of ten sub-teams including: Field Experience & Platforms, Digital Client Experience & Platforms, Workplace Platforms, Automation & Workflow Solutions, Digital Trading & Investing, Generative AI, UX Design & Research, Strategy & Execution. Business Control & Support, and the Chief Operating Office.

We know a lot about investing and are certain that there's no better investment a company can make than in its employees. People don't just drive a company; they are the company. When people work at their best, companies do too. Morgan Stanley at Work, a division of Morgan Stanley Wealth Management, provides workplace financial solutions that build employee financial confidence, foster loyalty and help our corporate clients attract and retain top talent. Our end-to-end offering spans Equity, Financial Wellness and Retirement Solutions. Plus, we provide all employees with Financial Empowerment, so they have the knowledge, tools and support needed to make the most of their workplace financial benefits.

Within Morgan Stanley, the Product team is responsible for a comprehensive B2B, B2C and B2B2C offering designed to help companies and their employees meet their financial goals, through trusted and modern workplace financial digital solutions, including Equity Edge Online by Morgan Stanley, E*Trade.com, Shareworks by Morgan Stanley, and more. The product team spans across the U.S, and Internationally, including Canada and India

What you'll do in the role:

  • AI Use Case Intake, Triage, and Prioritization, including establish and operate an AI use case intake workflow (new agents, agent enhancements, model changes, new RAG inputs, new tools/actions, new prompts/policies).
  • Build and maintain a prioritized roadmap of AI agent opportunities, ensuring delivery focus stays on the highest-value agents while appropriately accounting for risk and governance requirements.
  • Governance-by-Design for Agentic AI RAG inputs, including partner with engineering and data teams to embed governance controls into the AI delivery lifecycle (requirements, build, test, launch, monitor).
  • Define oversight patterns for agent orchestration (tool access, action permissions, escalation/human-in-the-loop checkpoints, auditability, fallback behavior).
  • Ensure we are aligned to firmwide AI governance and Data governance standards.
  • Risk Management, Control Alignment, and Review Cadence, including operationalize AI risk management practices within our organization aligned to recognized firmwide frameworks.
  • Align program design to AI management system concepts (policy/objectives, lifecycle controls, monitoring/performance evaluation, continual improvement).
  • Ensure agentic/LLM security risks are addressed (e.g., prompt injection, insecure output handling, sensitive info disclosure, more), and integrate mitigations into product requirements and acceptance criteria.
  • Production Readiness and Post-Launch Monitoring, including define and run an AI production readiness process that includes: evaluation sign-off, privacy/security review, model/tooling change management, and operational runbooks.
  • Establish post-launch monitoring requirements: quality metrics, safety metrics, drift signals, abuse signals, incident response playbooks, and periodic re-review.
  • Supporting a recurring governance forum (or "AI review board" operating model), ensuring new use cases are reviewed, decisions are recorded, and exceptions are tracked with time-bound remediation.
  • Stakeholder Management and Operating Model, including serve as the connective tissue across Product, Engineering, Data/ML, Security, Privacy, Legal, Compliance, and Platform teams.
  • Clarify roles and decision rights (who approves what, when), reduce friction in delivery, and ensure teams can move fast without bypassing controls.
  • Produce clear executive-ready reporting: roadmap, risk posture, incidents, governance throughput (cycle time), and outcomes.


Skills Required:

  • 7+ years of Product Management experience, including leading cross-functional platform or governance programs.
  • Demonstrated experience delivering AI/ML or LLM-enabled product capabilities in production.
  • Hands-on familiarity with agentic AI patterns and orchestration concepts (tools/actions, planning/execution loops, guardrails, human-in-the-loop design).
  • Proven track record working across engineering and data/ML teams to ship complex systems with measurable outcomes.
  • Strong ability to translate risk, controls, and policy requirements into product requirements and delivery workflows.
  • Sets and carries out objectives, and fosters a culture of performance, continuous improvement.
  • Excellent partnering skills; proven ability to collaborate with various levels of employees.
  • Enjoys building initiatives from the ground-up and delivering on complex projects.
  • Excellent communication skills and a proven ability to develop rapport and credibility across the organization, promote ideas and proposals persuasively.
  • Expert proficiency with Excel, Word, Visio and PowerPoint required.
  • Positive contributor to our team's culture.
  • Experience operationalizing or mapping to AI governance/risk frameworks.
  • Experience partnering with Security and Risk teams on LLM/agentic security risks (e.g., prompt injection, sensitive info disclosure, access controls).
  • Familiarity with model evaluation approaches and with governance artifacts needed for audits.
  • Experience with regulated environments (financial services, preferred).
  • Previous experience working with large or multi-national companies helpful

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

New York

Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).


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