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Added 4 days ago
T
Market Risk Associate - FX (5563)
TD
Toronto, ON
- Full-time
…trading, partnering closely with front office, product control, and risk analytics teams to ensure risks are well‑understood, consistently measured, and transparently communicated. The…
Added 5 days ago
T
Finance Manager-Corporate - Risk Management
TD
Toronto, ON
- Full-time
Problem solving and decision making: Diagnose and resolve complex cross-functional issues involving treasury and liquidity impacts, stress testing, data quality, data lineage, reporting…
Added 5 days ago
T
Modelling / Forecasting Senior Analyst (Quants)
TD
Toronto, ON
- Full-time
…deliverables - including RCM, RCSA, reporting, issue management, controls, policy and framework maintenance, model inventory and attestation, regulatory change, and DFAST and stress-testing…
Added 7 days ago
Manager, Balance Sheet Analysis - Canadian Banking Finance
Scotiabank
Toronto, ON
Assist in operational and production activities, including support, review and assessment of the reasonability of assumptions/commentary including balance sheet & profitability analysis,…
Added 8 days ago
T
Sr. Business Systems Analyst, TD Securities
TD
Toronto, ON
- Full-time
Support Credit Risk initiatives involving counterparty exposure, stress testing, model implementation, risk reporting, product onboarding, and market data or curve changes
Added 12 days ago
Senior Manager, Financial Accounting Advisory Services - FSO - Banking/Insurance/WAM
EY
Toronto, ON
Regulatory and Risk Reporting: Knowledge of regulatory frameworks impacting finance functions including OSFI, IFRS 9, IFRS 17, IFRS 18, Capital and liquidity reporting, Stress testing and…
Added 12 days ago
T
Market Risk Manager, Trading Market Risk Stress Testing & Scenario Design (5111)
TD
Toronto, ON
- Full-time
The Market Risk Manager will contribute to scenario design, stress testing methodology, regulatory and management reporting, and ad-hoc analysis of emerging risks. The role will partner…
Added 19 days ago
B
Intraday Liquidity Analyst
BMO
Toronto, ON · FCP
- Full-time
The role provides exposure across intraday liquidity monitoring, forecasting, stress testing, risk analytics, reporting, controls, and business engagement. You will work closely with more…
Added 25 days ago
FI
Staff Product Designer, UI/UX
Fulfillment IQ
Toronto, ON
- Full-time
Workbench turns warehouse design into a structured optimization and simulation problem: users make tightly coupled trade-offs across layout, labour planning, automation selection, capacity…
Added 23 days ago
T
Actuarial Analyst III - Capital
TD
Toronto, ON · Montreal, QC
- Full-time
Support the execution of TDBG stress testing program: Enterprise-Wide Stress Testing ("EWST") and Macro Stress Testing ("MST") by testing the capital/profit impact on TDI-GI under…
Added 22 days ago
T
Actuarial Analyst III - Capital
TD
Montreal, QC
- Full-time
Support the execution of TDBG stress testing program: Enterprise-Wide Stress Testing ("EWST") and Macro Stress Testing ("MST") by testing the capital/profit impact on TDI-GI under…
Added 29 days ago
B
Leader - AI Compliance, Audit & Risk
BMO
Toronto, ON · FCP
- Full-time
Lead ARC’s risk and compliance programs including supporting data & analytics risk framework development, enterprise standard & policy development, KRI development and reporting, and…
Added 1 month ago
R
Senior Product Manager, Growth
Relay
Remote, Canada
- $162,000 to $198,000 CAD / year
- Full-time
- Remote
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 1 month ago
D
Actuarial Manager, Property & Casualty, Actuarial Insurance Solutions
Deloitte
Toronto, ON
- Full-time
Leverage AI / machine learning and generative AI based tools and approaches to enhance actuarial analysis, documentation, controls testing, and insight generation, in line with responsible…
Added 1 month ago
Manager, FP&A
ONEX
Toronto, ON
Conduct scenario analysis and stress testing of budgets and forecasts under varying market, fundraising and deployment conditions, highlighting sensitivities and downside risks to senior…
Added 1 month ago
TG
Senior Risk Specialist, ERM (Operational Resilience)
TMX Group
Toronto, ON
- Full-time
Stress Testing: Spearhead scenario development and severe-but-plausible stress testing to ensure the organization remains within impact tolerances during disruptions.
Added 1 month ago
C
Enterprise Risk Management, Technology Strategy Director
Citi
Mississauga, ON
- Full-time
The Director, ERM Technology Strategy, is responsible for defining and driving the long-term strategy for technology enablement within the Enterprise Risk Management (ERM). This role…
Added 1 month ago
B
Senior Manager, Model Validation
BMO
Toronto, ON · FCP
- Full-time
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…
Added 1 month ago
B
FRTB Technical Business Analyst, Market Risk
BMO
Toronto, ON · YNG
- Full-time
Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling;…
Added 2 months ago
R
Compliance Strategist
Relay
Toronto, ON
- Full-time
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 1 month ago
Manager, Forecasting Models - Retail & Small Business (Contract until April 2027)
Scotiabank
Toronto, ON
As Manager, IFRS 9 Modelling, Enterprise Stress Testing, you will contribute to the overall success of IFRS 9 credit risk modelling, analytics, and reporting for Canadian retail and / or…
Added 2 months ago
R
Compliance Strategist
Relay
Remote, Canada
- Full-time
- Remote
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 26 days ago
P
Credit Tech senior Manager
PwC
Toronto, ON
- Full-time
Advise on the full credit risk model lifecycle, including PD, LGD, EAD, provisioning and ECL, stress testing, and scoring and decisioning models
Added 20 days ago
FI
Staff Product Designer, UI/UX
Fulfillment IQ
Remote, Canada
- Full-time
- Remote
Workbench turns warehouse design into a structured optimization and simulation problem: users make tightly coupled trade-offs across layout, labour planning, automation selection, capacity…
Added 26 days ago
NT
Senior Machine Learning Developer
Novarc Technologies Inc.
Vancouver, BC
- Full-time
As a Senior Machine Learning Developer, reporting to the Development Manager of AI/Robotics, you will lead model architecture development, decide on machine learning technology roadmaps,…

BMO

Senior Manager, Model Validation

Toronto, ON, Canada
FCP, Canada

$94,600.00 - $176,000.00 · Full-time

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Job details

Pay: $94,600.00 - $176,000.00
Job type: Full-time
Apply by: Nov 2, 2026
Experience: Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Posting language: English
Posted: Aug 14, 2026

Original job description

Application Deadline:

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

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.

Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
Ensures alignment between values and behaviour that fosters diversity and inclusion.
Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attracts, retains, and enables the career development of top talent.
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
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.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decision-making.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Measures the effectiveness of validation and monitoring framework; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Acts as the prime subject matter expert for internal/external stakeholders.
Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations.
Ensures alignment between stakeholders.
Designs and produces regular and ad-hoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Leads the research and development for validation of new types of models.
Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
Leads in the design, implementation and management of core business/group processes.
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.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
In-depth / expert knowledge and understanding of model validation, model risk management practices.
In-depth / expert knowledge of regulatory requirements.
In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Salary:

$94,600.00 - $176,000.00

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 Senior Manager performs independent validation of models to assess risk, appropriateness, and capability while providing strategic advice to senior leadership. They also lead the execution of validation frameworks, manage regulatory audits, and foster cross-functional collaboration to ensure alignment with business objectives.

Requirements

Candidates must have at least 7 years of relevant experience and a post-secondary degree in a related field. Expert knowledge of model validation, risk management practices, and regulatory requirements is required.

Skills

Model validation
Model risk management
Regulatory compliance
Risk policy frameworks
Quality control
Testing frameworks
Data analysis
Strategic planning
Change management
Communication
Problem solving
Influence
Collaboration
Stakeholder management
Reporting

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

Model Validation
Model Risk Management
Regulatory Compliance
Risk Policy
Quality Control
Testing Frameworks
Data Analytics
Strategic Execution
Change Management
Stakeholder Management
Audit
Financial Services
Risk Assessment
Reporting
Dashboards
Information Management
Business Strategy
Regulatory Audits
Model Vetting
Portfolio Management

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