BMO Financial Group
Finance
SeniorManager,ModelValidation
“Senior Manager, Model Validation at BMO Financial Group. Skills: Model Validation, Model Risk Management, Regulatory Requirements, Statistical Analysis. Perform validation of models. Assess model risk”
What You'll Achieve.
Create highest value for stakeholders; Deliver on business goals; Deliver on financial goals; Ensure transparency; Ensure understanding of models; Ensure understanding of model risks; Ensure risk are well understood; Ensure mitigation actions escalated; Ensure model vetting process met; Ensure model standards met; Ensure model guidelines met; Ensure data for model development assessed; Ensure validation results compared; Ensure corrective actions taken
Industry & Context.
Analytical skills; Problem solving skills; Resolve strategic issues; Address unique situations; Find solutions to problems; Conflict-solving
What They're Looking For.
Must Have
7+ years of relevant experience, Post-secondary degree in related field of study, In-depth / expert knowledge and understanding of model validation, In-depth / expert knowledge and understanding of model risk management practices, In-depth / expert knowledge of regulatory requirements, In-depth / expert knowledge & experience with risk policy quality control / testing frameworks, Verbal & written communication skills - In-depth / Expert, Analytical and problem solving skills - In-depth / Expert, Influence skills - In-depth / Expert, Collaboration & team with a focus on cross-group collaboration - In-depth / Expert, Able to manage ambiguity, Data driven decision making - In-depth / Expert, 5+ years of experience in AML, fraud or marketing campaign model validation, model development or a related or equivalent experience in credit risk models, Outstanding knowledge and relevant training in data mining, machine learning, and various statistical analysis techniques, Demonstrated experience pertaining to machine learning/statistical modeling, Good Knowledge of the bank’s different lines of business and various products offered
Nice to Have
An advanced degree (Maters, PhD) in a quantitative discipline, ideally in mathematics, statistics, computer science or engineering, Experience in supervising or coaching junior team member(s), In-depth knowledge of industry best practices and understanding of AML regulatory requirements and the evolvement of in the regulations in AML, fraud and lending practices across jurisdictions
What You'll Do.
Perform validation of models
Confirm model appropriateness
Assess model capability
Provide effective challenge
Communicate model use decisions
Assess model’s capabilities
Assess model stress points
Assess associated model risk
Assess controls to mitigate risks
Interpret new regulations
Assess impacts to program
Communicate with stakeholders
Monitor corrective actions
Provide technical advice
Develop validation strategies
Execute validation plans
Validate existing models
Ensure project timelines
Ensure framework compliance
Communicate model risk
Escalate mitigation actions
Maintain model inventory
Keep abreast of developments
Host regulator meetings
Supervise junior analysts
Implement process improvements
Support ad-hoc reporting
Manage HR administration
Ensure model requirements met
Mitigate identified issues
Conduct validation review
Comply with bank requirements
Comply with regulatory requirements
How You'll Work.
Team & Collaboration
Build interdependent teams; Collaborate across functional groups; Collaborate across operating groups; Work with first line model owner; Work with developers; Build effective relationships; Ensure alignment between stakeholders
Communication Scope
Verbal communication skills; Written communication skills; Communicate decisions; Communicate model risk; Written and verbal communication skilled; Explaining complex concepts; Explaining processes
Process & Methodology
Manage resources, Lead execution of initiatives, Develop roadmap for execution, Lead change management programs, Manage stakeholder management, Manage execution, Manage evaluation, Manage sustainment, Manage concurrent projects
Applying for this Senior Manager, Model Validation role?
Most applicants get filtered before a human reads their resume. See if yours makes the cut.
How to Apply on Workday
- Workday has a multi-step form — save your progress after every section.
- "Apply With LinkedIn" can fail or lose data; manual entry is more reliable.
- Watch for the "Submit for Review" final step — hitting "Save" alone does not submit.
- Job requisition numbers are useful when following up with HR by email.
ANONYMOUS · UNFILTERED
What do employees actually say about BMO Financial Group?
Real rants from real employees. Read before you apply.