Work on model validation reports with hiring manager and provide ad hoc support as necessary Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you ...
Work on model validation reports with hiring manager and provide ad hoc support as necessary Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you ...
Leads in the design, implementation and management of core business/group processes. * Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried ...
Leads in the design, implementation and management of core business/group processes. * Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried ...
As amanagerin oursecond lineof defenserisk management,governance,and controlfunction, you will play a pivotal role in the validation of credit risk models,such asAllowance (IFRS 9 /CECL/loss ...
As amanagerin oursecond lineof defenserisk management,governance,and controlfunction, you will play a pivotal role in the validation of credit risk models,such asAllowance (IFRS 9 /CECL/loss ...
Model Validation is a core element of the Model Risk Management framework and an essential piece to ensure compliance with Regulatory Requirements around independent validation of risk models and non ...
Model Validation is a core element of the Model Risk Management framework and an essential piece to ensure compliance with Regulatory Requirements around independent validation of risk models and non ...
Specialist, Capital Markets Model Validation - New or Recent Graduate Opportunity
Toronto, ON · On-site
CA$61K - CA$113K/yr
Performs validation of models and assesses model risk to confirm model appropriateness and ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
Specialist, Capital Markets Model Validation - New or Recent Graduate Opportunity
Toronto, ON · On-site
CA$61K - CA$113K/yr
Performs validation of models and assesses model risk to confirm model appropriateness and ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
Specialist, Capital Markets Model Validation - New or Recent Graduate Opportunity
Toronto, ON · On-site
CA$61K - CA$113K/yr
Performs validation of models and assesses model risk to confirm model appropriateness and ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
Specialist, Capital Markets Model Validation - New or Recent Graduate Opportunity
Toronto, ON · On-site
CA$61K - CA$113K/yr
Performs validation of models and assesses model risk to confirm model appropriateness and ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is ... Develop validation strategies and testing procedures. * Communicate key model validation ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is ... Develop validation strategies and testing procedures. * Communicate key model validation ...
Senior Model Risk & Validation Consultant
Toronto, ON · Hybrid
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
Senior Model Risk & Validation Consultant
Toronto, ON · Hybrid
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
Collaborate with Model Validation, Model Governance, Audit by preparing supporting materials ... Provide support for ad-hoc requests required by IFRS 9 stakeholders and senior management in a ...
Collaborate with Model Validation, Model Governance, Audit by preparing supporting materials ... Provide support for ad-hoc requests required by IFRS 9 stakeholders and senior management in a ...
Senior Analyst, Model Risk Management
Toronto, ON · Hybrid
CA$65K - CA$109K/yr
The Senior Analyst, Model Risk Management is a member of the Group Model Risk Management team ... Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
Senior Analyst, Model Risk Management
Toronto, ON · Hybrid
CA$65K - CA$109K/yr
The Senior Analyst, Model Risk Management is a member of the Group Model Risk Management team ... Document model validation outcomes and communicate findings to stakeholders and model risk leaders.
The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports ... Responsibilities: Model Risk Management: * Developing, maintaining, and implementing the Bank ...
The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports ... Responsibilities: Model Risk Management: * Developing, maintaining, and implementing the Bank ...
Managers are expected to take leadership roles in project development and delivery, providing ... For candidates with backgrounds in banking, consulting, model development, or model validation ...
Managers are expected to take leadership roles in project development and delivery, providing ... For candidates with backgrounds in banking, consulting, model development, or model validation ...
Data Analytics & Reporting Manager, Loss Forecasting Models The Manager, Loss Forecasting Models ... Support model validation and audit processes by providing clear documentation and analytical ...
Data Analytics & Reporting Manager, Loss Forecasting Models The Manager, Loss Forecasting Models ... Support model validation and audit processes by providing clear documentation and analytical ...
Work with business lines, model validation, internal audit, other model development teams, and ... Demonstrates sound judgment, professionalism, time management, and teamwork skills. What's in it ...
Work with business lines, model validation, internal audit, other model development teams, and ... Demonstrates sound judgment, professionalism, time management, and teamwork skills. What's in it ...
Manager, Physical Risk Measurement (5278)
Toronto, ON · On-site
CA$96K - CA$136K/yr
Risk Management Pay Details: $96,900.00 - $136,800.00 CAD TD is committed to providing fair and ... Support independent model validation by responding to challenges, completing sensitivity testing ...
Manager, Physical Risk Measurement (5278)
Toronto, ON · On-site
CA$96K - CA$136K/yr
Risk Management Pay Details: $96,900.00 - $136,800.00 CAD TD is committed to providing fair and ... Support independent model validation by responding to challenges, completing sensitivity testing ...
Evidence of having validated and/or developed any of the following model types: AML, Market Risk ... Risk Management or Regulatory/Compliance experience - Experience in any one of AML, CCR & Market ...
Evidence of having validated and/or developed any of the following model types: AML, Market Risk ... Risk Management or Regulatory/Compliance experience - Experience in any one of AML, CCR & Market ...
Modelling/Forecasting Analyst
Toronto, ON · On-site
Support independent validation of TBSM Liquidity Risk Management (LRM) models developed or owned by TD Treasury and Balance Sheet Management (TBSM) group. * Execute a comprehensive validation testing ...
New
Modelling/Forecasting Analyst
Toronto, ON · On-site
Support independent validation of TBSM Liquidity Risk Management (LRM) models developed or owned by TD Treasury and Balance Sheet Management (TBSM) group. * Execute a comprehensive validation testing ...
New
Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals ...
Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals ...
Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals ...
Stakeholder Management - Collaborate with Model Validation, Retail Risk Analytics, business partners, senior management, Internal Audit, Compliance, Finance and regulators to support model approvals ...
... including Model Validation and Approval, Retail Provisions, Compliance, and Audit. Is this role ... Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and ...
... including Model Validation and Approval, Retail Provisions, Compliance, and Audit. Is this role ... Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and ...
Model Validation Manager information
What does a model validation manager do?
A Model Validation Manager is responsible for overseeing the validation of financial, risk, or predictive models within an organization. Their primary duties include ensuring that models are accurate, reliable, and compliant with regulatory requirements. They lead teams that assess model performance, identify potential weaknesses, and recommend improvements. This role helps maintain the integrity of models used in decision-making processes, particularly in industries like banking and finance.
What skills and qualifications are needed to be a model validation manager?
To thrive as a Model Validation Manager, you need strong quantitative analysis skills, knowledge of risk management, and an advanced degree in mathematics, statistics, finance, or a related field. Familiarity with technical tools such as Python, R, SAS, and model risk management frameworks, as well as experience with regulatory compliance, is typically required. Exceptional problem-solving, communication, and stakeholder management abilities are important soft skills for this role. These skills ensure effective validation of financial models, regulatory compliance, and clear communication of complex findings to non-technical audiences.
How does a model validation manager collaborate with other teams during the model validation process?
A Model Validation Manager works closely with model developers, risk management teams, and internal audit to ensure models meet regulatory and business standards. Collaboration often involves reviewing model documentation, discussing model assumptions and methodologies, and providing feedback for improvements. Effective cross-functional communication is essential, as validation managers must balance technical analysis with regulatory compliance and business objectives. Regular meetings and clear reporting lines help facilitate this collaboration, ensuring that model risks are identified and addressed promptly.
What is the difference between Model Validation Manager vs Quantitative Analyst?
| Aspect | Model Validation Manager | Quantitative Analyst |
|---|---|---|
| Credentials | Typically requires advanced degrees in finance, mathematics, or statistics; certifications like CFA or FRM are common | Often holds degrees in finance, economics, or mathematics; certifications like CFA are also common |
| Work Environment | Works in risk management, model validation teams within banks or financial institutions | Works in trading, investment analysis, or risk departments within financial firms |
| Industry Usage | Primarily in banking, asset management, and financial services for model risk assessment | Across investment firms, hedge funds, and banks for market analysis and trading strategies |
The Model Validation Manager focuses on reviewing and validating financial models to ensure accuracy and compliance, often working within risk management teams. In contrast, a Quantitative Analyst develops and applies mathematical models for trading, investment, or risk purposes. While both roles require strong quantitative skills and similar credentials, their core responsibilities and work environments differ significantly.
What are popular job titles related to Model Validation Manager jobs in Toronto, ON?
For Model Validation Manager jobs in Toronto, ON, the most frequently searched job titles are:
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The top searched job categories for Model Validation Manager jobs in Toronto, ON are:
Full-time
Retirement, PTO
Re-posted 28 days ago
Job description
Requisition ID: 270373
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Looking for a highly motivated and qualified Model Validation team member to support its objectives. The primary responsibility of this role is to support the credit model validation team to mitigate the model risks under the model governance for the entire group. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.
Is this role right for you? In this role you will:
- Support the model validation team to mitigate the model risks
- Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
- Provides subject matter expertise on models' strength and weakness and recommend practical solutions
- Validates models assigned by model governance committee
- Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
- Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
- Review model documents and conduct test runs on model codes
- Provide different view on methodology and calculations, and provide feedback to model developers
- Work on model validation reports with hiring manager and provide ad hoc support as necessary
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- 1-2 years relevant experience in quantitative risk management field is preferred.
- Experience with AIRB credit risk models is preferred.
- Proficient in mathematics, econometric models and statistics.
- Strong analytical, numerical, research and problems solving skills.
- Experience with financial statements analytics is an asset.
- Software skill: Python, SQL, SAS, R and Matlab.
What's in it for you?
- We are technology partners who help the business transform how our employees around the world work
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
- We care about our people, allowing them to design how they work to deliver amazing results
- We offer a competitive total rewards package, including a performance bonus, company matching programs (on pension & profit sharing), and generous vacation
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
About Scotiabank
Sourced by ZipRecruiter
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
New York, NY, US