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Added 17 hours ago
BT
Senior Manager Level 3
Baker Tilly Canada
Owen Sound, ON
- Full-time
…strong relationships. From audit and tax to consulting and specialist advisory services, we help clients navigate complexity and seize opportunity with…
Added 1 day ago
NB
Trading Support Analyst
National Bank of Canada
Montreal, QC
- Full-time
A career as a Trader Support Specialist within the Segregation & Buy-Ins Team at National Bank means acting as the primary operational contact for Front Office trading teams. Leveraging…
Added 1 day ago
BT
Senior Manager Level 3
Baker Tilly Canada
Owen Sound, ON
- Full-time
…strong relationships. From audit and tax to consulting and specialist advisory services, we help clients navigate complexity and seize opportunity with…
Added 1 day ago
CN
Director, Business Development, Eastern Canada
Civeo North America
ON · Ontario, Canada
- Full-time
At Civeo, our employees are the cornerstone of our success. As a global workforce accommodation specialist, we help individuals maintain healthy, productive, and connected lives while…
Added 1 day ago
Cash Management Specialist
Scotiabank
Halifax, NS
Advising clients on customized financial solutions, through analysis and discovery discussion with the client, for the business banking suite of cash management services.
Added 1 day ago
C
Director, Business Development, Eastern Canada
Civeo
Ottawa, ON
- Full-time
At Civeo, our employees are the cornerstone of our success. As a global workforce accommodation specialist, we help individuals maintain healthy, productive, and connected lives while…
Added 1 day ago
Franchise Specialist, Business Banking
Scotiabank
Toronto, ON
The Franchise Specialist is part of a national team responsible for leveraging market area expertise for the profitable growth of the Bank’s franchising portfolio in their region and for…
Added 1 day ago
AT
Risk Underwriter - Contract
Allianz Trade in North America
Montreal, QC
- Contract
College Bachelor’s degree in economics, finance or Related discipline. Advanced degree, MBA or MS Finance preferred.
Added 2 days ago
NB
Senior Expert, Marketing Strategy and Commercialization
National Bank of Canada
Montreal, QC
- Full-time
…Digital and Marketing sector at National Bank means acting as a specialist in marketing and growth strategies. This position allows you to act as a strategic marketing leader at the…
Added 2 days ago
BT
Senior Manager Level 3
Baker Tilly Canada
Owen Sound, ON
- Full-time
…strong relationships. From audit and tax to consulting and specialist advisory services, we help clients navigate complexity and seize opportunity with…
Added 2 days ago
Contract & Business Analysis Specialist
Government of Alberta
Edmonton, AB
Reporting to the Manager, the Contract & Business Analysis Specialist is responsible for planning, procuring, managing and evaluating agreements and operations that support the delivery of…
Added 2 days ago
Procurement Specialist – Indirect Spend & Commercial Contracting
Opendoor
Toronto, ON
…to helping teams move quickly while protecting the company’s economics. We’re looking for a Procurement Specialist to own commercial execution across indirect spend, with particular…
Added 2 days ago
IG
Project Manager - Finance
Infotree Global Solutions
Montreal, QC
- Contract
The Model Risk Governance Specialist is responsible for the following activities:
Added 2 days ago
MI
Loyalty Marketing Specialist
Metro Inc.
Toronto, ON · Etobicoke, ON
- Full-time
The Loyalty Marketing Specialist supports the planning, coordination and execution of the Moi Rewards program in Ontario, connecting coalition priorities with banner and cross-functional…
Added 2 days ago
Director, Retail Cross-border Payments
Scotiabank
Toronto, ON
…identify, escalate and address risks, while respecting their specialist mandates and independent oversight…
Added 2 days ago
BO
Financial Insights and Analytics Specialist
Bank of Canada
Ottawa, ON
- Full-time
…in the Systems team and will work closely with Digital Data Services (DDS), finance teams, business partners and system owners. Together, you will identify and connect relevant data…
Added 2 days ago
B
Director, Digital Investing Product Management
BMO
Toronto, ON · FCP
- Full-time
Drives the business case and strategic roadmap for products and services, including accountability for project and budget approval.
Added 3 days ago
BT
Senior Manager Level 3
Baker Tilly Canada
Owen Sound, ON
- Full-time
…strong relationships. From audit and tax to consulting and specialist advisory services, we help clients navigate complexity and seize opportunity with…
Added 3 days ago
P
Associate Director, Compliance
Purpose
Toronto, ON
- Full-time
Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur…
Added 3 days ago
P
Senior Manager – Studies & Projects
Palaris
Toronto, ON
- Full-time
Palaris is a specialist mining advisory firm providing technical, strategic and commercial advice to mining companies, investors, financiers and government stakeholders globally. Our work…
Added 3 days ago
Legal/Compliance - Associate Director, Compliance
Purpose Unlimited
Toronto, ON
Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur…
Added 3 days ago
Associate Director, Compliance
Purpose Unlimited
Toronto, ON
Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur…
Added 3 days ago
Franchise Specialist, Business Banking - Richmond, BC/Winnipeg, MB
Scotiabank
Winnipeg, MB
The Franchise Specialist is part of a national team responsible for leveraging market area expertise for the profitable growth of the Bank’s franchising portfolio in their region and for…
Added 3 days ago
RS
Senior Business Intelligence Specialist
Ryan Specialty
Toronto, ON
- Full-time
The Senior Business Intelligence Specialist plays a critical role in transforming data into actionable business insights that support strategic decision-making across SSRU and Ryan…
Added 3 days ago
V
Model Risk Governance Specialist
Vertage
Montreal, QC
- Contract
Seeking a Model Risk Governance Specialist to support Model Risk Management (MRM) activities within a leading global banking organization. This role focuses on model governance, regulatory…

BMO

Model Risk Specialist - Fraud Model Validation

Toronto, ON, Canada
FCP, Canada

$55,500.00 - $120,000.00 · Full-time

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Job details

Pay: $55,500.00 - $120,000.00
Job type: Full-time
Apply by: Nov 9, 2026
Posting language: English
Posted: Oct 20, 2026

Original job description

Application Deadline:

11/08/2026

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Bring your quantitative expertise to one of the most critical areas of risk management and business decision-making. In this role, you'll validate and challenge models that support fraud detection, anti-money laundering (AML) risk management, and marketing strategy initiatives across the bank. You'll apply statistical, machine learning, and analytical techniques to assess model performance, identify risks and limitations, and provide independent oversight that helps drive sound, data-driven decisions. Working closely with model developers, business stakeholders, and risk partners, you'll play a key role in strengthening model governance, advancing model risk management practices, and ensuring models are fit for purpose, transparent, and appropriately managed throughout their lifecycle.

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

Shares technical knowledge of models and validation strategies with team members and stakeholders.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Troubleshoots model validation issues with team members and stakeholders.
Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the model validation portfolio / program to various internal & external stakeholder audiences.
Supports the development and promotion of a business/group program for model validation.
Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Monitors and tracks performance; addresses any issues.
Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently on a range of complex tasks, which may include unique situations.
Broader work or accountabilities may be assigned as needed.

Qualifications:

Typically between 1-3 years of relevant experience and a Master's degree in Statistics, Mathematics, Data Science, Machine Learning, Computer Science, Engineering, Economics, or a related quantitative discipline, with a foundation in statistical analysis, modeling, and data-driven problem solving, or an equivalent combination of education and experience.
Knowledge and understanding of the model life cycle, model risk management practices.
In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.

Salary:

$55,500.00 - $120,000.00

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 specialist will validate and challenge models supporting fraud detection, AML, and marketing strategies to ensure they are fit for purpose. They will also provide independent oversight, assess model risks and limitations, and communicate findings to business stakeholders.

Requirements

Candidates must have a Master's degree in a quantitative discipline such as Statistics, Mathematics, or Data Science, along with 1-3 years of relevant experience. Strong technical proficiency in model risk management and excellent analytical and communication skills are required.

Skills

Statistical analysis
Machine learning
Model validation
Risk management
Data-driven decision making
Analytical skills
Problem solving
Communication skills
Collaboration
Model governance
Fraud detection
Anti-money laundering
Regulatory compliance
Stress testing
Technical documentation
Influence

Benefits

Health insurance
Tuition reimbursement
Accident insurance
Life insurance
Retirement savings plans

Visa sponsorship

Not detected in the job text

Keywords

Model Risk Management
Fraud Detection
Anti-Money Laundering
Statistical Analysis
Machine Learning
Model Validation
Risk Policy
Data Science
Quantitative Analysis
Model Governance
Stress Testing
Regulatory Compliance
Data-Driven Decision Making
Financial Services
BMO Financial Group
Model Lifecycle
Quality Control
Testing Frameworks
Reporting
Stakeholder Management

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