TMX Group Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models-primarily for Post Trade (CDS and CDCC) subsidiaries of TMX ...
TMX Group Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models-primarily for Post Trade (CDS and CDCC) subsidiaries of TMX ...
The AVP of Model Development will lead the review, development, and implementation of model changes to Athene's corporate actuarial model, supporting a broad range of financial and strategic ...
The AVP of Model Development will lead the review, development, and implementation of model changes to Athene's corporate actuarial model, supporting a broad range of financial and strategic ...
Manager- Model Audit
Toronto, ON · Remote
We are seeking an experienced model audit professional that is passionate about financial modelling and driven by growth. You will work with a team of modelling professionals to analyse and review ...
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Manager- Model Audit
Toronto, ON · Remote
We are seeking an experienced model audit professional that is passionate about financial modelling and driven by growth. You will work with a team of modelling professionals to analyse and review ...
Senior Consultant, Model Validation
Toronto, ON · Hybrid
CA$96K - CA$125K/yr
As a Senior Consultant, Model Validation , you will provide advanced, independent oversight of complex models used across Vancity, ensuring they are sound, wellgoverned, and aligned with regulatory ...
Senior Consultant, Model Validation
Toronto, ON · Hybrid
CA$96K - CA$125K/yr
As a Senior Consultant, Model Validation , you will provide advanced, independent oversight of complex models used across Vancity, ensuring they are sound, wellgoverned, and aligned with regulatory ...
AVP, Model Risk Governance
CA$155K - CA$215K/yr
Oversee the ongoing review of the Model Risk Management Framework, Policy, Procedures, Standards and Templates, striving to identify opportunities to enhance stakeholder's value from a Model Risk ...
AVP, Model Risk Governance
CA$155K - CA$215K/yr
Oversee the ongoing review of the Model Risk Management Framework, Policy, Procedures, Standards and Templates, striving to identify opportunities to enhance stakeholder's value from a Model Risk ...
The Operating Model Enabler position is accountable for enabling the organizational operating model tools, processes, learning operations, continuous improvement, AI/automation, and organizational ...
The Operating Model Enabler position is accountable for enabling the organizational operating model tools, processes, learning operations, continuous improvement, AI/automation, and organizational ...
The Manager in the Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed ...
The Manager in the Model Validation & Approval valuation team provides independent and consistent model validation and approval across various product types, including foreign exchange (FX), fixed ...
Zurich Canada is looking for a Catastrophe Modeler to assesses Catastrophe exposure and contribute to the development of strategies for Catastrophic Risk pricing, under general direction, working ...
Zurich Canada is looking for a Catastrophe Modeler to assesses Catastrophe exposure and contribute to the development of strategies for Catastrophic Risk pricing, under general direction, working ...
Model validation (60%) * Support the Director of Behavioral Analytics Model Validation in the development and execution of overall validation work plan * Independently validate and/or guide junior ...
Model validation (60%) * Support the Director of Behavioral Analytics Model Validation in the development and execution of overall validation work plan * Independently validate and/or guide junior ...
Manager, Capital Markets Model Validation
Toronto, ON · On-site
CA$75K - CA$141K/yr
Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks. * Acts as a trusted advisor to assigned ...
Manager, Capital Markets Model Validation
Toronto, ON · On-site
CA$75K - CA$141K/yr
Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks. * Acts as a trusted advisor to assigned ...
Conduct Model Validation: * Validate financial crimes models-both machine learning and heuristic-based-to assess output quality, alert effectiveness, and risk mitigation capabilities * Conduct ...
Conduct Model Validation: * Validate financial crimes models-both machine learning and heuristic-based-to assess output quality, alert effectiveness, and risk mitigation capabilities * Conduct ...
Energy Systems Modeler
CA$86K - CA$108K/yr
Execute model simulations using the WIS:dom suite of tools. Provide output analysis of these simulations to the ESP team and external groups. Simulate energy systems under different scenarios (e.g ...
Energy Systems Modeler
CA$86K - CA$108K/yr
Execute model simulations using the WIS:dom suite of tools. Provide output analysis of these simulations to the ESP team and external groups. Simulate energy systems under different scenarios (e.g ...
Data Modeler
Toronto, ON · On-site
$85 - $110/hr
Create and maintain comprehensive data dictionaries, mapping documents, and model diagrams, incorporating data quality rules and definitions. * Support data validation, reconciliation, and quality ...
Data Modeler
Toronto, ON · On-site
$85 - $110/hr
Create and maintain comprehensive data dictionaries, mapping documents, and model diagrams, incorporating data quality rules and definitions. * Support data validation, reconciliation, and quality ...
The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models ...
The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models ...
Analyst - Model Validation Group - Toronto
CA$90K - CA$100K/yr
The Model Validation Group (MVG) is currently seeking a model validation analyst at Analyst or Senior Analyst level based out of our Toronto office. The MVG is part of the Criteria Review and ...
Analyst - Model Validation Group - Toronto
CA$90K - CA$100K/yr
The Model Validation Group (MVG) is currently seeking a model validation analyst at Analyst or Senior Analyst level based out of our Toronto office. The MVG is part of the Criteria Review and ...
As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models ...
As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models ...
You will work closely with model stakeholders to validate mathematical or statistical finance models used by RBC. You will also act as a trusted advisor and effective challenger to model developers ...
You will work closely with model stakeholders to validate mathematical or statistical finance models used by RBC. You will also act as a trusted advisor and effective challenger to model developers ...
Join RBC's Enterprise Model Risk Management (EMRM) team and play a critical role in safeguarding the bank against regulatory, financial, and reputational risks. As a Manager, you'll ensure the ...
Join RBC's Enterprise Model Risk Management (EMRM) team and play a critical role in safeguarding the bank against regulatory, financial, and reputational risks. As a Manager, you'll ensure the ...
Data Scientist, AI Model Risk
Toronto, ON · On-site
In doing so, RBC is able to identify model weaknesses early and enhance the reliability of production models across all lines of business. What will you do? * Application : You will have the ...
Data Scientist, AI Model Risk
Toronto, ON · On-site
In doing so, RBC is able to identify model weaknesses early and enhance the reliability of production models across all lines of business. What will you do? * Application : You will have the ...
Senior Modeler
Toronto, ON · On-site
Senior Modeler Join us on our journey and help us create our next unannounced linear adventure game which is set in historical China and features a realistic visual style and authentic traditional ...
Senior Modeler
Toronto, ON · On-site
Senior Modeler Join us on our journey and help us create our next unannounced linear adventure game which is set in historical China and features a realistic visual style and authentic traditional ...
Model information
See Toronto, ON salary details
$14.23 is the 25th percentile. Wages below this are outliers.
$5.05 - $21.34
44% of jobs
The median wage is $29.48 / hr.
$21.34 - $37.62
11% of jobs
$52.89 is the 75th percentile. Wages above this are outliers.
$37.62 - $53.91
21% of jobs
$53.91 - $70.20
7% of jobs
$70.20 - $86.49
2% of jobs
$86.49 - $102.78
14% of jobs
$102.78 - $119.06
0% of jobs
$119.06 - $135.35
0% of jobs
$135.35 - $151.64
0% of jobs
$151.64 - $167.93
0% of jobs
$167.93 - $184.21
0% of jobs
$5
$44
$184
How much do model jobs pay per hour?
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What is the difference between Model vs Data Analyst?
| Aspect | Model | Data Analyst |
|---|---|---|
| Required Credentials | Knowledge of statistical modeling, programming skills (e.g., Python, R) | Proficiency in data analysis tools, Excel, SQL, and visualization software |
| Work Environment | Often in tech, finance, or research settings focusing on building predictive models | In various industries analyzing data to inform business decisions |
| Employer & Industry Usage | Used in industries requiring predictive analytics and machine learning | Common across business, marketing, healthcare, and finance sectors |
The main difference is that a Model develops predictive or statistical models, while a Data Analyst interprets data to generate insights. Models focus on creating algorithms, whereas Data Analysts focus on analyzing and visualizing data to support decision-making.
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Full-time
Re-posted 14 days ago
Job description
Venture outside the ordinary - TMX Careers
The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.
Ready to be part of the action?
TMX Group Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models-primarily for Post Trade (CDS and CDCC) subsidiaries of TMX Group. 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-models.
This function is guided by a philosophy of adding value to improve the operations of the organization. It assists the organization to accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization's governance and risk management.
Role Summary
The Senior Analyst, Model Validation performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity, and financial risks. As a member of the independent Model Validation team, you are responsible for validating the soundness of TMX Group subsidiaries' risk models. You will provide expertise and advice regarding advanced modelling techniques and applications, ensuring that model methodology and implementation meet regulatory requirements and internal policies.
Role Reports to: Head of Model Validation
Work Location: Hybrid (2-3 days/week in the office) - We are open to candidates being located in one of our Canadian office locations: Toronto or Montreal.
Key Accountabilities
- Model Assessment: Assess model and non-model soundness and risk from technical and functional perspectives, evaluating conceptual soundness, performance, and ongoing monitoring.
- Benchmarking: Build financial, risk, pricing, econometric, and forecasting models to benchmark or replicate the results of models being validated.
- Risk Mitigation: Make rigorous and balanced decisions on complex issues and provide expertise to ensure TMX Group's entities are not at undue risk.
- Project Leadership: Participate in projects to identify key model risks and controls and assess the soundness of the modelling environment.
- Post-Trade Validation: Carry out the validation of Post Trade's new risk system-related models and non-models.
- Policy Development: Participate in the development and update of the Models and Non-Model Risk Policy and methodology.
- Reporting: Prepare validation reports and presentations for regulators and executive risk committees.
- Collaboration: Coordinate work plans and collaborate with internal stakeholders to ensure reviews and monitoring are completed as planned.
- Continuous Improvement: Ensure programs are consistent with worldwide best practices and contribute to the legal and risk department's efficiency.
Skills & Experience
Must Haves:
- Education: Master's degree in Finance, Statistics, Mathematics, Economics, or other quantitative fields.
- Experience: 2+ years of relevant experience in researching, developing, and implementing quantitative models.
- Technical Proficiency: Advanced knowledge of programming tools such as Python and/or Matlab.
- Analytical Rigor: Ability to identify issues, analyze problems, and provide in-depth written reports and recommendations.
- High-Performance Execution: Proven ability to manage multiple projects and priorities concurrently in a fast-paced environment.
- Professionalism: Demonstrates a high degree of integrity and ethical conduct.
Nice to Haves:
- Knowledge of SQL, VBA, Power BI, or Tableau.
- Knowledge of regulatory requirements such as PFMI, OSFI, or EMIR Guidelines.
- Experience in the technology and financial services industry.
Salary Range: 100,000/year -130,000/year CAD
Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
The recruiting efforts for this role are intended to fill a vacant position.
In the market for...
Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.
Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.
Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.
TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.
About TMX GROUP
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