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Added 22 mins ago
CI
Senior Analyst, Cash, Collateral & Settlements Operations (6-Month contract)
CPP Investments | Investissements RPC
Toronto, ON
- Full-time
As Senior Analyst, Cash, Collateral & Settlements Operations, you will join Investment Operations on a 6-month contract, supporting the end-to-end trade lifecycle for Public Markets…
Added 22 mins ago
FA
Senior Financial Analyst, Infrastructure Funds
Fengate Asset Management
Oakville, ON
- Full-time
Title: Senior Financial Analyst, Infrastructure Funds
Added 25 mins ago
E
Senior Financial Analyst
Ecolab
Calgary, AB · CAN-Calgary Office Quarry Park
- Full-time
The Senior Financial Analyst supports forecasting, financial planning, reporting, and business analysis across the organization. This role partners with business leaders and finance teams…
Added 25 mins ago
Senior Financial Analyst - Payroll Accounting
TELUS
Calgary, AB · Edmonton, AB · Burnaby, BC · Vancouver, BC · Toronto, ON · Montreal, QC
…Rewards processes and programs. We want to be easier to do business with and we’ve been innovating and elevating ourselves to provide delightful experiences. This team has deep knowledge…
Added 38 mins ago
GO
Senior Financial Analyst
Government of Northwest Territories
Yellowknife, NT
- $106,158 to $126,809 CAD / year
- Full-time
The Government of the Northwest Territories is seeking a Senior Financial Analyst to join the Department of Health and Social Services in Yellowknife.
Added 38 mins ago
OH
Analyst, Fund Marketing and Operations
Oak Hill Financial
Toronto, ON
- Full-time
…and distribution platform. Based in Toronto (in-office), the Analyst, Fund Marketing and Operations will play a strategic role in the marketing and operations of differentiated, top-tier…
Added 38 mins ago
CF
Analyst, Metals & Mining Investment Banking
Cantor Fitzgerald
Toronto, ON
- Full-time
The Metals & Mining investment banking team of Cantor is seeking a highly motivated, successful candidate to join as an Analyst in its Toronto office. The group advises clients on strategic…
Added 38 mins ago
C
Senior Business Analyst
COFOMO
Quebec, QC
- Full-time
Analyze the business context and evaluate the impacts of projects on organizational processes.
Added 38 mins ago
CS
Business System Analyst
Confiar Services
Toronto, ON
- $45 to $50 USD / hour
- Contract
Senior Business Systems Analyst (Treasury Technology)
Added 38 mins ago
C
Senior Functional Analyst
COFOMO
Quebec, QC
- Full-time
Analyze and document business and functional needs.
Added 39 mins ago
JA
Senior Financial Analyst
JemPak, a First Quality Company
Concord, ON
- $110,000 to $120,000 CAD / year
- Full-time
We are seeking a hands-on Senior Financial Analyst to support the day-to-day financial operations of our organization while driving continuous process improvement initiatives. This role…
Added 40 mins ago
Analyst, Council Protocol and External Relations
City of Edmonton
AB
…priorities? The Office of the City Clerk is seeking a dynamic Analyst to join our Council Protocol and External Relations team. In this pivotal role, you will help shape successful…
Added 41 mins ago
UO
Financial analyst
University of British Columbia
Kelowna, BC
- $7,158.42 to $10,292.25 CAD / month
- Full-time
- Contract
- On-site
Provide investment advice and recommendations to clients, senior company officials, pension fund managers, securities agents and associates
Added 52 mins ago
NV
Intermediate Security & Network Analyst (ID#5558)
New Value Solutions
Surrey, BC · South Surrey, BC
- Contract
New Value Solutions, a national IT consulting company, is seeking an Intermediate Security & Network Analyst to provide part-time Tier 2 security, network, and IT operations support. This…
Added 53 mins ago
RS
Sr Product Analyst - Rogers Sports & Media
Rogers Sports & Media
Toronto, ON
- Full-time
…data-driven experience to fill the role of a Sr. Product Data Analyst. As a Sr. Product Data Analyst, you will be part of the Data Product team and support new ideas, product roadmap…
Added 53 mins ago
OH
Vice President of Investor Relations
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Toronto, ON
- Full-time
Schedule, arrange and participate with senior management in industry and research analyst conferences, one on one meetings with investors and security analysts, conference calls with…
Added 53 mins ago
M
Solution Architect
Mindtris
Fredericton Junction, NB
- Full-time
Work closely with the project team members including Program Manager, Solution Architect, Project Manager, and Lead Business Analyst on overall direction, scope, and deliverables for the…
Added 1 hour ago
TG
Senior Information Analyst, Investigative Services (12 Months Contract)
TMX Group
Toronto, ON
- $30 to $35 CAD / hour
- Full-time
Senior Analyst, Investigative Services is responsible for processing the more difficult research requests, leading ongoing departmental training, acting as the main contact for issue…
Added 1 hour ago
B
Senior Financial Analyst, Valuations & Modelling
BDO
Montreal, QC
- Full-time
Our Montreal office is looking for a Senior Financial Analyst, Valuations & Modelling to join the Financial Advisory Services team. In this role, you will be called upon to:
Added 1 hour ago
C
NEW GRAD Junior Project Manager/ Business Analyst
CGI
Toronto, ON
- Full-time
…who is excited to build a career across project management, business analysis, delivery operations, and account planning. This role is ideal for someone who is organized, curious, creative,…
Added 1 hour ago
AI
Senior Business Analyst
Aptino, Inc.
Toronto, ON
- $45 to $50 CAD / hour
- Contract
8+ years of experience as a Business Systems Analyst.
Added 1 hour ago
Manager HR Systems
Region of Waterloo
Kitchener, ON
Supervises a Senior Analyst of HRC Systems, SAP HXM Systems Analyst, and a Workforce Management and SAP HXM Systems Analyst.
Added 1 hour ago
E
Senior Analyst, Finance Systems
Extendicare
Markham, ON · Extendicare (Canada) Inc (Steeles Ave.)
- Full-time
Reporting to the Senior Manager – Finance Systems, the Senior Analyst – Finance Systems will be responsible for assisting with Workday financial system configuration, reporting and…
Added 1 hour ago
B
Senior Data Analyst (Gaming)
Blazesoft
Vaughan, ON
- Full-time
The System Data Analyst will be in a critical position driving data-driven decision-making, optimizing business performance, and shaping the strategic direction of the gaming brands role…
Added 1 hour ago
AG
Financial Analyst
Adelphi Group
Toronto, ON
- Full-time
This is a position within the finance department. The financial analyst team responsible for the accounting and financial duties required to support the needs of Critical Mass' defined…

BMO

Manager, Credit Risk Model Validation

Toronto, ON, Canada
FCP, Canada

$70,000.00 - $150,000.00 · Full-time

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Job details

Pay: $70,000.00 - $150,000.00
Job type: Full-time
Apply by: Nov 2, 2026
Experience: A minimum of 4 years of experience in model validation and/or development within a financial institution, particularly in the credit risk area.
Posting language: English
Posted: Oct 8, 2026

Original job description

Application Deadline:

11/01/2026

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Seeking a skilled and experienced professional to join our Model Risk Management Team as a Manager, Model Risk, Credit Risk. As a manager in our second line of defense risk management, governance, and control function, you will play a pivotal role in the validation of credit risk models, such as Allowance (IFRS 9 /CECL/loss forecasting) models, Stress Testing (CCAR/EWST), Climate Risk models and other initiatives. Other activities related to the model lifecycle such as model performance monitoring, annual reviews, assessment of overlay quantification are also part of the validation responsibilities. Experience in other credit risk families, such as credit adjudication and account management models, is also relevant. This is an individual contributor role.

Note- We welcome applications from Senior Analyst candidates with fewer years of experience, provided they have a strong technical background and experience that is closely aligned with the role

Key Role Responsibilities:

Model Risk Review and Effective Challenge: You perform the validation of models, other estimation approaches and critical tool calculators and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. You assess the models’ capabilities, stress points and limitations; you assess the associated model risk and the controls in place to mitigate identified risks.
Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracing new technology platforms, tools, and operating models.
Regulatory Expertise: Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Interprets new regulations and assesses impacts to the program / portfolio validation framework.
Risk Understanding: You will need to connect the dots between technical issues and business considerations.

Serve as a trusted advisor to business partners, influencing stakeholders and supporting strategic planning and decision-making.
Lead the development, execution, and enhancement of the model validation framework, methodologies, and validation strategies.
Independently validate models, assumptions, data, methodologies, benchmarks, and supporting documentation to assess model effectiveness and compliance.
Identify, quantify, document, and escalate model risks, deficiencies, and required corrective actions while monitoring remediation efforts.
Research emerging trends, regulatory requirements, and industry best practices to strengthen model risk management and governance.
Provide expert consulting and technical guidance on model validation, risk management, and framework implementation.
Lead validation-related initiatives, change management activities, process improvements, and operational programs across the portfolio.
Represent the model validation function during internal audits, regulatory examinations, and stakeholder reviews.
Develop, monitor, and report on model validation portfolio performance, model inventory, attestations, and governance outcomes.
Build and maintain strong stakeholder relationships, ensuring alignment, effective communication, and successful delivery of strategic objectives.

Qualifications:

A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
A minimum of 4 years of experience in model validation and/or development within a financial institution, particularly in the credit risk area.
Certifications: While qualifications like CFA are helpful, they are not mandatory.
Experience in credit risk models, including Stress Testing & loss forecasting, AIRB and Adjudication/Account Management.
Proficiency in a programming language such as Python, R, and SAS (Python is preferred).
Proficiency in working with relational databases – SQL or Oracle.
Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
A can-do attitude and a research, deep-dive mindset.

Our team values flexibility, collaboration and in-person engagement. This position is located in Toronto and offers flexibility with a hybrid work arrangement, where the successful candidate will spend at least 3 days per week on-site.

Salary:

$70,000.00 - $150,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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More about this job

Responsibilities

The manager will lead the validation of credit risk models, including stress testing and climate risk initiatives, while providing effective challenge to model development. They will also manage stakeholder relationships, ensure regulatory compliance, and drive improvements in the model validation framework.

Requirements

Candidates must hold a MSc or PhD in a quantitative field and possess at least 4 years of experience in model validation or development within a financial institution. Proficiency in programming languages like Python, R, or SAS and experience with relational databases are required.

Skills

Credit risk modeling
Model validation
IFRS 9
CECL
Stress testing
Climate risk
Python
R
SAS
SQL
Oracle
Risk management
Data analysis
Regulatory compliance
Stakeholder engagement
Financial modeling

Benefits

Health insurance
Tuition reimbursement
Accident insurance
Life insurance
Retirement savings plans
Performance-based incentives
Discretionary bonuses

Visa sponsorship

Not detected in the job text

Keywords

Credit Risk
Model Validation
IFRS 9
CECL
Stress Testing
CCAR
Climate Risk
Python
R
SAS
SQL
Oracle
AWS
Azure
Risk Management
Governance
Quantitative Analysis
Data Science
Actuarial Science
Financial Mathematics
Model Lifecycle
Regulatory Compliance
Change Management
AIRB
Big Data

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