BMO Financial Group

Finance

Manager,CapitalMarketsModelValidation

$76–142k Toronto, Ontario, Canada Salaried Remote Friendly
The Brief

“Manager, Capital Markets Model Validation at BMO Financial Group. Skills: Model validation, Model risk management, Regulatory requirements. Validate models. Assess model risk”

What You'll Achieve.

Confirm model appropriateness; Confirm model capability; Ensure transparency and understanding of models and model risks; Mitigate identified risks; Achieve business objectives; Resolve strategic issues; Ensure appropriate type and level of vetting; Ensure model validation reporting is reviewed and signed off

Industry & Context.

Finance
Problems you'll solve

Analytical skills; Problem solving skills; Exercises judgment to identify, diagnose, and solve problems

What They're Looking For.

Must Have

5 - 7 years of relevant experience, post-secondary degree in related field of study or an equivalent combination of education and experience, In-depth knowledge and understanding of model validation, model risk management practices, In-depth knowledge of regulatory requirements, In-depth knowledge & experience with risk policy quality control / testing frameworks

Nice to Have

MBA, Deep knowledge and technical proficiency gained through extensive education and business experience

What You'll Do.

Confirm model appropriateness

Assess model capability

Provide effective challenge

Communicate model decisions

Understand model risks

Assess model capabilities

Assess model stress points

Assess associated model risk

Mitigate identified risks

Research requirements

Develop recommendations

Conduct independent analysis

Resolve strategic issues

Support strategic initiatives

Represent model validation program

Design business processes

Implement business processes

Manage business processes

Develop validation strategies

Develop validation plans

Test supporting documentation

Compare validation results

Communicate with stakeholders

Identify corrective actions

Monitor corrective action

Provide technical advice

Resolve model risk issues

Provide analytical support

Provide technical support

How You'll Work.

Team & Collaboration

Acts as a trusted advisor; Influences and negotiates; Recommends and implements solutions; Assists in development of strategic plans; Supports development and execution of strategic initiatives; Ensures alignment between stakeholders; Builds change management plans; Leads change management activities; Participates in change management activities; Builds effective relationships with internal/external stakeholders; Ensures alignment between stakeholders; Monitors and tracks addresses any issues; Coordinates and monitors the review and sign-off; Works independently

Communication Scope

Verbal communication skills; Written communication skills

Process & Methodology

Builds change management plans, Leads change management activities, Participates in change management activities, Develops validation strategies, Develops validation plans

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