Director, Model Validation

BMO

Toronto, Ontario, Canada
Base: $121,600.00 - $211,800.00; bonus/equity: per...
Hybrid
15+ years experience in equity derivatives model validation
Advanced degree in quantitative fields
Deep knowledge of stochastic calculus and numerical analysis
The role involves independently validating complex models for exotic equity derivatives including autocallables and variance products

Job Summary

  • The role involves independently validating complex models for exotic equity derivatives including autocallables and variance products.
  • Candidates must develop scalable testing libraries using C++ or Python to ensure model accuracy and stability across various volatility regimes.
  • The position offers a competitive salary range of $121,600.00 to $211,800.00 along with comprehensive benefits including health insurance and retirement plans.

Matching Summary

The role involves independently validating complex models for exotic equity derivatives including autocallables and variance products.

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 equity derivatives model validation
  • Advanced degree in quantitative fields
  • Deep knowledge of stochastic calculus and numerical analysis
  • Strong programming skills in C++ and Python
  • Experience with exotic equity derivatives pricing

Nice-to-have

  • Experience with distributed computing
  • Familiarity with FRTB regulatory frameworks
  • Mentoring junior quants
  • Collaboration with trading desks

Key Requirements

  • PhD or Master's degree in quantitative fields
  • 15+ years hands-on experience in front-office quantitative research
  • Expert verbal and written communication skills
  • In-depth analytical and problem-solving capabilities

Work Rights

Not specified

Tailored Resume

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