You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio
Job Summary
You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio.
Effective communication is crucial in this role, managing relationships with model developers, owners, and users, influencing and advising on model risk-related matters.
BMO is at the forefront of innovation in model risk management, and you will be part of the team that drives change by embracing new technology platforms, tools, and operating models.
Matching Summary
You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio.
Salary
Base: $102,000.00 - $190,000.00; Bonus/Equity: Not specified; Benefits: Health insurance, tuition reimbursement, accident and life insurance, retirement savings plans
Skills & Requirements
Must-have
Credit risk model validation
Stress Testing (CCAR/EWST) models
Allowance (IFRS 9 /CECL) models
Model performance monitoring
Wholesale borrower risk rating models
Retail AIRB models
Nice-to-have
Can-do attitude
Research mindset
Deep-dive mindset
Flexibility and collaboration
In-person engagement
Key Requirements
7+ years of experience in model development/validation