Jobs in Canada

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Gestionnaire des ressources énergétiques / Energy Resource Manager
Microsoft
Quebec, QC
- Full-time
Added 2 hours ago
MG
Pharmacy Technician
Michael Garron Hospital
Toronto, ON
- Temporary
Participate and meet minimum standards in hospital quality assurance and risk management programs
Added 2 hours ago
MG
Pharmacy Technician
Michael Garron Hospital
Toronto, ON
- Full-time
Participate and meet minimum standards in hospital quality assurance and risk management programs
Added 2 hours ago
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Senior Product Manager, Connected Accounts Platform
Intuit
Toronto, ON
- Full-time
We are seeking a Senior Product Manager to drive roadmap for shared financial connections within Intuit's Consumer Group (CG). In this role, you will own the Connected Account Platform…
Added 2 hours ago
CG
Manager, Model Risk Validation
Canada Guaranty
Toronto, ON
- $95,000 to $130,000 CAD / year
- Full-time
The Manager, Model Risk Validation combines independent model validation, risk oversight, and hands-on governance responsibilities. The successful candidate will apply strong quantitative…
Added 2 hours ago
GF
Commercial Credit Manager
GM Financial
Toronto, ON
- Full-time
As Commercial Credit Manager - CDN, you will lead commercial credit decisioning by evaluating complex applications, financial statements, collateral, and credit risk to make sound lending…
Added 2 hours ago
GF
Credit Manager
GM Financial
Burnaby, BC
- Full-time
As Credit Manager - CDN Dealer Services, you will lead credit decisioning and team support by evaluating complex dealer credit requests, managing escalations, and making lending decisions…
Added 3 hours ago
GF
Credit Manager
GM Financial
Toronto, ON
- Full-time
As Credit Manager, you will lead credit decisioning and team development by evaluating complex dealer credit requests and making sound lending decisions within established authority and…
Added 4 hours ago
BU
Retail Relationship Banker
BMO U.S.
Toronto, ON
- Full-time
Addresses questions and resolves issues raised through consumer credit audits and quality checks to ensure accurate data entry and lending application recommendations in compliance with…
Added 4 hours ago
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Senior Privacy Manager
Vancity
Vancouver, BC
- Full-time
We’re Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status…
Added 4 hours ago
VF
Branch Manager
Valley First
Kamloops, BC
- $100,800 to $129,200 CAD / year
- Full-time
Mutual fund license required depending on region
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Financial Services Representative - Blundell Centre
Vancity
Richmond, BC
- Part-time
We’re Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status…
Added 4 hours ago
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Mortgage Specialist
BMO
Cambridge, ON
- Full-time
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite,…
Added 4 hours ago
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Mortgage Specialist
BMO
Guelph, ON
- Full-time
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite,…
Added 4 hours ago
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Senior Consultant/Manager, Tax Incentives Practice
KPMG
Calgary, AB
- Full-time
KPMG is currently seeking a Chartered Professional Accountant (CPA) to join its growing Calgary Tax Incentives Services practice as a Senior Consultant/Manager.
Added 4 hours ago
Sr. Underwriter Full Case
MCAP
Waterloo, ON · Vancouver, BC · Toronto, ON · Montreal, QC · Calgary, AB
Fournir des décisions exactes et en temps voulu en matière de crédit aux émetteurs d’hypothèques
Added 4 hours ago
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Sr. Underwriter Full Case
MCAP
Toronto, ON
- $80,000 to $90,000 CAD / year
- Full-time
Bilingual French and English is a must have
Added 5 hours ago
SC
Specialist, Deposit Support
Sunrise Credit Union
Canada
- Full-time
Collaborate with Clearing, Payments, Member Services, IT, Digital Solutions, Risk and other Operations teams to resolve transaction exceptions.
Added 5 hours ago
SC
Project Manager (Term 12-18 months)
Sunrise Credit Union
Canada
- Full-time
Acts as project manager for any assigned corporate/operations projects.
Added 5 hours ago
SC
Specialist, Training
Sunrise Credit Union
Canada
- Full-time
…adoption, and enhance operational effectiveness across Sunrise Credit…
Added 5 hours ago
MC
Sales and Advice Effectiveness Specialist, Retail
Meridian Credit Union
Toronto, ON · Etobicoke, ON
- Full-time
…Member outcomes. Working under the direction of the Senior Manager, Sales & Advice Effectiveness, Retail, the Specialist converts established enterprise and Retail priorities into practical…
Added 5 hours ago
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TDI Associate - Rotational Associate Program
TD
Saint John, NB · Toronto, ON · Montreal, QC · Halifax, NS · Calgary, AB
- Full-time
…‘accidents of life’ with a wide range of products including credit protection, life, health, travel, small business, home and auto insurance. With more than three million clients, TD…
Added 5 hours ago
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Canadian Commercial Banking Associate
TD
Toronto, ON
- Full-time
…fundamentals of commercial lending through financial analysis, risk management and industry analysis. This will give you the capability to work closely with a variety of mid -market…
Added 5 hours ago
CT
Junior Treasury Analyst - (6 Month Contract)
Canadian Tire Corporation
Toronto, ON
- Full-time
…hands-on experience across funding, liquidity, cash management, credit analysis, financial risk management, and reporting. Working as part of two Treasury teams, the Analyst will support…
Added 5 hours ago
Senior Analyst, Lending Business Technology
BMO
Toronto, ON · YNG
Escalate unresolved or higher-risk issues through appropriate channels.

Canada Guaranty

Manager, Model Risk Validation

Toronto, ON, Canada

$95,000 to $130,000 CAD / year · Full-time

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Job details

Pay: $95,000 to $130,000 CAD / year
Job type: Full-time
Apply by: Dec 10, 2026
Posting language: English
Posted: Nov 10, 2026

Original job description

Who We Are

Canada Guaranty is a privately held Canadian mortgage insurer, established in 2010 following the acquisition of AIG United Guaranty Mortgage Insurance Company Canada by the Ontario Teachers’ Pension Plan and National Mortgage Guaranty Holdings Inc.

As a proudly Canadian company, we are committed to service excellence and helping Canadians achieve successful, long-term homeownership. Our mortgage solutions help protect lenders and investors from losses related to borrower default and foreclosure while ensuring Canadians are provided with greater access to affordable and sustainable homeownership.

Canada Guaranty’s performance-driven culture thrives on accountability, collaboration, and supportive teamwork. If you’re a dedicated team player with a strong track record of excellence, we can’t wait to hear from you!

About The Opportunity

The Manager, Model Risk Validation combines independent model validation, risk oversight, and hands-on governance responsibilities. The successful candidate will apply strong quantitative expertise, independent judgment, and organizational discipline to assess model risks, challenge model developers, and support effective governance across the organization.

The position offers meaningful exposure to senior management and the opportunity to influence how models supporting critical business decisions are validated, monitored, and governed.

In This Role, You Will

Independently validate internally developed and third-party models, assessing conceptual soundness, assumptions, methodologies, data quality, performance, limitations, and fitness for intended use.
Conduct appropriate quantitative testing, including back-testing, benchmarking, sensitivity analysis, and stress testing.
Manage assigned validations from planning through reporting, providing effective challenge and delivering high-quality assessments within established timelines.
Review and assess complex technical issues, remediation actions, and supporting evidence provided by model owners, developers, and stakeholders, applying timely and sound judgment from both quantitative and qualitative perspectives to determine the adequacy of remediation and appropriate closure of validation findings.
Support the implementation and enhancement of the Company's MRM framework, policies, and procedures, consistent with applicable regulatory expectations, including OSFI Guideline E-23.
Assess adherence to model lifecycle governance requirements and contribute to inherent and residual model risk assessments, classifications, and risk-based validation planning.
Automate and optimize recurring model validation coding and technical testing activities to improve efficiency and effectiveness, while standardizing validation methodologies, procedures, and challenger model development processes to ensure consistency and quality.
Evaluate ongoing model monitoring practices, performance deterioration, and material changes; track remediation activities and escalate significant risks or unresolved findings.
Maintain an accurate, complete, and current enterprise-wide model inventory, including model ownership, classifications, validation status, and other required information.
Maintain organized validation reports, supporting analyses, approvals, monitoring records, and related governance documentation.
Coordinate timely documentation updates, track validation schedules and outstanding findings, and follow up on remediation activities.
Support management reporting, internal audits, and regulatory examinations through accurate, complete, and readily accessible records.
Present complex technical assessments and material model risks to business stakeholders and senior management.

Essential Qualifications

Bachelor's degree in Statistics, Mathematics, Economics, Finance, Actuarial Science, Data Science, or a related quantitative discipline.
Minimum five years of relevant experience in model validation, quantitative risk management, model development, or model risk governance, preferably within financial services.
Strong understanding of statistical, actuarial and financial modelling, quantitative methods, model performance assessment, and model lifecycle governance.
Proficiency in Python, R, SAS, or comparable analytical tools, with experience analyzing complex datasets.
Demonstrated ability to independently assess models, identify material risks, exercise sound judgment, and recommend practical mitigating actions.
Experience maintaining model inventories, validation documentation, or comparable risk governance records.
Strong organizational, analytical, and communication skills, including the ability to manage competing priorities, maintain accurate records, and communicate technical findings to senior stakeholders.

Preferred Qualifications

Advanced degree in a relevant quantitative discipline.
Experience in banking, mortgage insurance, mortgage lending, or credit risk management.
Familiarity with credit risk, property valuation, stress testing, or capital assessment models.
Knowledge of OSFI Guideline E-23, SR 11-7, and established MRM practices.
Experience validating machine learning models or assessing third-party models.
Proficiency in modelling software FICO AWB, Conning ESG and experience with large datasets.
Familiarity with Archer and other GRC tools.

What We Offer You

Canada Guaranty is proudly recognized by the Great Place to Work® Institute as one of the Best Workplaces™ in Canada – 100-999 Employees (2025, 2026). We are also honoured to be recognized as among the Best Workplaces™ in Financial Services & Insurance (2024 - 2026), Best Workplaces™ in Ontario (2024 - 2026), Best Workplaces™ for Mental Wellness (2025, 2026), Best Workplaces™ for Inclusion (2025, 2026), Best Workplaces™ for Women (2025, 2026), and Best Workplaces™ with the Most Trusted Executive Teams (2025, 2026). Join us and see why!

We offer a comprehensive total rewards package, including competitive compensation, company-matched retirement programs, health and dental coverage, flexible work options, and a friendly, inclusive, and supportive culture.

The salary range for this position ranges from $95,000 to $130,000. Offers are determined by a variety of factors, including job-related knowledge, skills, and experience, along with internal equity.

Accommodation Notice

Canada Guaranty is committed to fostering an equitable, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we serve and work alongside. Candidates may request accommodation at any point during the interview process.

We may leverage AI tools to assist us through our recruitment process. This posting is for an existing vacancy.

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More about this job

Responsibilities

Independently validate internal and third-party models by assessing their assumptions, methods, data, performance, limitations, and suitability, and conduct quantitative testing while managing validations through reporting and remediation. Support the model risk management framework and governance processes by maintaining the model inventory and documentation, monitoring model risks and findings, improving validation methods, and communicating material issues to stakeholders and senior management.

Requirements

Requires a bachelor's degree in a quantitative discipline and at least five years of relevant experience in model validation, quantitative risk management, model development, or model risk governance. Candidates should have strong quantitative and model governance expertise, proficiency with Python, R, SAS, or comparable tools, and the judgment, organization, and communication skills to assess models and explain findings; advanced education and relevant financial services or regulatory experience are preferred.

Skills

Model Validation
Model Risk Management
Quantitative Risk Assessment
Statistical Modeling
Actuarial Modeling
Financial Modeling
Python
R
SAS
Back-Testing
Benchmarking
Sensitivity Analysis
Stress Testing
Model Governance
Credit Risk
Stakeholder Communication

Benefits

Competitive Compensation
Company-Matched Retirement Programs
Health Coverage
Dental Coverage
Flexible Work Options
Supportive and Inclusive Culture

Visa sponsorship

Not detected in the job text

Keywords

Model Risk Validation
Model Risk Management
Model Governance
Model Lifecycle
Model Inventory
Model Validation
Quantitative Risk Management
Statistical Modeling
Actuarial Modeling
Financial Modeling
Credit Risk
Property Valuation
Capital Assessment
Python
R
SAS
FICO AWB
Conning ESG
Archer
GRC Tools
Back-Testing
Benchmarking
Sensitivity Analysis
Stress Testing
Machine Learning
OSFI Guideline E-23
SR 11-7
Third-Party Models
Data Quality
Model Monitoring

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Work requirements

Jobs in Canada