Manager, Quantitative Model Validation (model Vetting)

Canadian Derivatives Clearing Corporation

Toronto, Canada
Base: 125,000pyear - 150,000pyear cad; bonus/equit...
Hybrid
Quantitative model validation
Risk models and non-models
Market, credit, liquidity, financial risks
The Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models, primarily for Post Trade subsidiaries of TMX Group

Job Summary

  • The Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models, primarily for Post Trade subsidiaries of TMX Group.
  • The Manager, Quantitative Model Validation performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity and financial risks.
  • The role involves managing and monitoring the work performed by senior analysts, guiding them to meet analysis and reporting standards, and collaborating with the Post-Trade Risk Management Group.

Matching Summary

The Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models, primarily for Post Trade subsidiaries of TMX Group.

Salary

Base: 125,000/year - 150,000/year CAD; Bonus/Equity: Not specified; Benefits: Not specified

Skills & Requirements

Must-have

  • quantitative model validation
  • risk models and non-models
  • market, credit, liquidity, financial risks
  • advanced modelling techniques
  • Matlab, Python, database query tools

Nice-to-have

  • independent, objective validation
  • adding value to improve operations
  • inquisitive and committed to learning
  • flexible and able to adapt to change

Key Requirements

  • Master degree in quantitative fields
  • 5+ years relevant experience
  • 2+ years team managing role
  • Experience assessing work of other experts
  • Hands-on experience developing quantitative models
  • Advanced knowledge of quantitative models and risk systems
  • Ability to write in-depth analytical reports

Work Rights

Not specified

Tailored Resume

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