Director, Model Validation

BMO Financial Group

Toronto, Ontario, Canada
Base: $121,600.00 - $211,800.00; bonus/equity: per...
Hybrid
15+ years experience in model validation
Expert knowledge of stochastic calculus
Advanced programming in c++ and python
The role involves independently validating complex models for exotic equity derivatives and assessing associated model risks to ensure regulatory compliance

Job Summary

  • The role involves independently validating complex models for exotic equity derivatives and assessing associated model risks to ensure regulatory compliance.
  • Candidates must possess deep expertise in stochastic calculus and numerical analysis to lead validation efforts across various volatility regimes.
  • BMO offers a comprehensive benefits package including health insurance, tuition reimbursement, and retirement savings plans alongside competitive compensation.

Matching Summary

The role involves independently validating complex models for exotic equity derivatives and assessing associated model risks to ensure regulatory compliance.

Salary

Base: $121,600.00 - $211,800.00; Bonus/Equity: Performance-based incentives and discretionary bonuses possible; Benefits: Health insurance, tuition reimbursement, accident/life insurance, retirement savings plans

Skills & Requirements

Must-have

  • 15+ years experience in model validation
  • Expert knowledge of stochastic calculus
  • Advanced programming in C++ and Python
  • Deep understanding of exotic equity derivatives
  • Experience with Monte Carlo engines and PDE solvers

Nice-to-have

  • Fosters diversity and inclusion culture
  • Collaborative interdependent team building
  • Mentoring junior quantitative researchers
  • Strategic analytics for trading desks
  • Distributed computing experience

Key Requirements

  • PhD or Master's degree in quantitative fields
  • 15+ years hands-on experience in equity derivatives
  • Expert verbal and written communication skills
  • Familiarity with FRTB and model risk governance frameworks

Work Rights

Not specified

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